Call Me Stormy

Finding righteous currents in turbulent times

The Same Old Deal

Why has the Obama Administration’s stimulus sputtered and the economic recovery ground to a halt? Reason.TV’s Michael C. Moynihan talks to UCLA economist Lee Ohanian who says the failures are easy to explain: President Obama has attempted to construct a new New Deal, disregarding the fact that the original New Deal was a bust that might have actually prolonged the Great Depression by seven years.

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