Do We Need Another New Deal?

In 1933, President Franklin D. Roosevelt unveiled the first of his New Deal programs, intended to stimulate economic growth during the Great Depression by creating jobs and reforming business. Now, more than 70 years later, Americans are once again scared about the economy and some are wondering if Barack Obama should follow in Roosevelt’s footsteps. Do we need a New Deal for a new generation?


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Why on earth would you want to do something that is counterproductive? Its a fact that the new deal extended the economic hardships well into the 40's. If they would just let capitalism do its job and stay out maybe the market would rebound quicker.


Other countries seemed to get out of the depression much faster without any need for a nanny-state to step in. And there's plenty more where that came from:


http://www.econlib.org/library/Enc/GreatDepression.html


I thought your comment was spot-on.


If another new deal means more Keynesian economic policies, then to hell with even considering it.