Posts Tagged New Deal

Outlook For The Year Ahead ~ Continued

3) Do you think the Obama Administration is too well meaning and intelligent to lead us down a path of destruction? Well, consider this quote from one of  the best researched books on the Great Depression, FDR’s Folly, by Jim Powell.

“Why did the smart, well educated, well intentioned New Dealers back policies that prolonged the Great Depression? How could they have gone so wrong? Most of the New Dealers were lawyers . Few among them, including FDR, had any practical business experience. The New Dealers came to believe that their knowledge, combined with their political power, could cure the problems of the world. They thought that by issuing executive orders, passing laws, raising taxes, and redistributing money, they could make society better.”

4) Look at the chart below on the business experience of the Obama Administration, compared to that of each Administration since 1900. Its frightening to realize how little our current leaders know about how the real world operates, especially with the economic conditions we face today.

private-experience.png

Almost no one in Obama’s administration has ever had a job outside of government, much less owned a company in the private sector where they were forced to make payroll, or even to use Quickbooks to make sure that the company could pay its bills.

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