History Lesson Not LearnedOct 12, 2008
In school it is taught correctly — well, maybe not anymore, because who knows exactly what passes for public education these days — that for all of FDR's alphabet soup of three letter agencies and programs that nationalized, socialized, institutionalized and otherwise intruded itself into and onto the genius of our there-to-fore free-market economy, none of it got us out of the Great Depression. In fact, it prolonged it. If not for World War II we may never have righted our ship. (Which led to a kook fringe then, too, of people who thought Pearl Harbor was an inside job.) So why do our elected federal officials think that doing the same thing now that failed then, but with a four-letter agency (TARP), will result in a different outcome? Maybe they need to teach the definition of insanity in history class as well.