The Dow's Damage: 13 percent in Five Days (WSJ)
Tuesday, October 7, 2008
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2 comments:
So the Post thinks FDR was right? Well, this is a refreshing change from their usual ideology. No doubt they will soon promote doing all the things that Roosevelt did--seperating banks' retail business and their investment business (the repeal in 1999 of this seperation played a huge factor in getting us into our current mess), creating jobs the old-fashioned way with large public works programs that also benefit the public through creation of roads, utilities, etc. (the modern equivalent would be large alternative energy and highway renovation projects, both badly needed), strengthening the power of the unions, etc.
The only thing we have is fear. I clutch mine close to my heart and hold on for dear life.
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