Posted on 04/09/2010 10:39:12 AM PDT by jentilla
Panelist Robert S. McElvaine, who is Elizabeth Chisholm Professor of Arts & Letters and chair of the department of history at Millsaps College, focused on the argument – made, he said, by many conservatives today – that the failure of the New Deal to end the Great Depression shows that government spending isn’t the way to revive a slumping economy. “The most important thing to realize,” said McElvaine, “is that so-called conservatives – I prefer to call them ‘regressives’ ” – have long been trying to “restore the conditions that created the Great Depression in the first place.”
“These are people of faith,” McElvaine continued, “and their basic faith is in the market as God.”
WW2 quite literally destroyed the excess productive capacity of much of the civilized world. World war is of a painful way to end a world-wide recession if you ask me. But all of the major world leaders throughout the ‘30’s were some sort of socialist — I include FDR, BTW.
I’m not advocating war as a way to end recessions. My main point is that the New Deal sure didn’t end one and instead worsened and prolonged one, contrary to what Professor Blowhard from the story implies.
Didn't mean to imply that. Apologies.
Oh brother!
Glenn Beck had 50 of these ‘regressive’ students in his studio audience yesterday...I was impressed, but what do I know?
Wait till you hear what the students think of the professor!
Actually, I was under the impression it was a prerequisite for ANY of those positions...
And he could walk! (Actually, I'm pretty sure they're bunking together in Hell as we speak)
A Spoonful Of ‘Socialism’ Makes Capitalism Work
by Robert S. McElvaine
One of the most prominent of those dangers is that income will become too concentrated at the top, undermining the functioning of a consumer-based economy. When Barack Obama said during the campaign, “When you spread the wealth around, it’s good for everybody,” opponents cried, “Socialism!” In fact, it is the only way to make modern capitalism work well.
Just a spoonful of socialism helps the capitalism go up.
http://www.npr.org/templates/story/story.php?storyId=114163098
Why? Did they tell the truth or something?
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