It seems CMM has placed nearly all its intellectual eggs in one basket, the bottom of which has just fallen out. Armstrong took the initiative to contact directly the one source CMM cites to “debunk” those who note the abundant academic evidence of the New Deal’s economic failures. Unfortunately for CMM, this economist (Gene Smiley) refutes their case.
But don’t expect the Left to stop trying to shill for Barack Obama’s new massive federal spending program, no matter how little window dressing they are left with to cover their embarrassingly thin case. Thanks, Ari, for working to do a little more to expose CMM’s folly — and hypocrisy.