Sunday, September 7, 2008

Election 2008

Concerning Thomas Sowell's Sept 3 column, "Obama's idea of change is recycling FDR's disastrous policies", I wonder what kind of America he wishes for.
Without presenting evidence, he claims that FDR's recovery programs extended the Great Depression. Americans should be thankful for Social Security, the Securities Exchange Commission, the Tennessee Valley Authority, as well as infrastructure produced by the CCC and WPA, all of which benefit Americans to this day.
The effectiveness of the New Deal must be judged in relation to available alternatives. The Great Depression was a child of three consecutive Republican administrations. What does Sowell know that a fourth Republican administration would have done to shorten their Great Depression more effectively than did the New Deal?
To characterize Obama's campaign as class war is a cynical lie, and Sowell should be ashamed of repeating it. America is hemorrhaging, headed for bankruptcy, owing to neglect of our true interests over 28 years of Reaganism. We (rich, poor, business, labor, black, white, all in it together) are facing an existential fiscal threat. Republican think tanks whose doctrines steered us toward this shoal are still intact, so it is unlikely that another Republican administration will make the needed course correction.
Obama will incentivize infrastructure transformations to employ people quickly and stop the bleeding, resulting in century-long benefits for all Americans.

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