Reliving the Mistakes of the Great Depression

link here to article

Bruce Bartlett, a conservative economist who was in the Reagan administration, shows that the GOP used to include people who looked objectively at facts in order to interpret events. He provides useful information on the mistakes that the Democratic administration made during the Great Depression. Roosevelt made the same mistakes that are being made today in the US and in much of Europe. They are also providing the same rationale for the mistakes. The "confidence fairy" was invoked to explain why business was not investing, while consumers had no money to spend. And there was a desire to balance the federal budget within the administration and probably echoed by the GOP, which at that time, regarding itself as the fiscally responsible party.