Over at Free Colorado, Ari Armstrong does excellent work deconstructing the silliness of Colorado Media Matters (CMM) and its well-compensated director in the debate about the New Deal. 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 … [Read more...]
Needed Today: Rossputin’s Explanation of the New Deal’s Ill Economic Effects
Some cliches are just that because they pack so much truth, they become a frequent, handy reference. One of my favorites (originally attributed to conservative thinker George Santayana) is: "Those who cannot remember the past are condemned to repeat it." I can't think of anything more relevant to our current national political debate than this thoughtful and well-documented essay posted by Ross Kaminsky at Politics West: "The New Deal was a raw deal for the American economy". These days, the point can't be hammered home enough. As of yet, I've seen little signs that any significant number of our leaders in Washington - many Republicans and nearly all Democrats - have paid attention to this historical lesson. The ramifications may be … [Read more...]