[Intolerant in NJ]

...Economists Vedder and Gallaway find that New Deal labor legislation played a significant role in aggravating the unemployment problem...and the sad consequences continue today - back in FDR's days the US had a near monopoly on the capital and means of production which allowed American workers to demand and win ever higher wages without competition - now that labor bubble has burst, and employers are finding capable and educated workers in other countries who will sign on for much lower pay than those in this country have come to expect is due them - they've priced themselves out of the market, and their jobs won't be coming back for a long time, if ever....

[Remember_Salamis]

"the US had a near monopoly on the capital and means of production..."

That's not true at all! In fact, the majority of capital that was invested in the US came from Europe, where legislation was already choking off economic grgowth and opportunity. America's strong laissez-faire system at the time was a vacuum cleaner for capital and production was increasing at exponential rates due to a fully free labor market, among other things.

If we want to re-attract global capital, let us remove the regulation that is holding us back. - Let us repeal all corporate taxes!

- Let us repeal all corporate subsidies that protect big business and stifle competition from up-and-comers!

- Let us implement tax-free health savings accounts while removing the tax break for companies to provide it, allowing workers to freely change jobs!

- Let us implement nationwide right-to-work laws!