In recent days, alarm about the economic impact of the novel coronavirus have turned conservatives who weeks ago were boasting about the shrinking of the U.S. government into raving Keynesians, proclaiming the virtues of deficit-financed economic stimulus.
In the New Deal Roosevelt tried plenty, and discarded plenty. He shut down the entire banking system to give it time to respond to the dire financial crisis of early 1933. He sharply cut the federal payroll . He imposed strict regimentation on industry, which failed, and on agriculture, which sort of worked until the Supreme Court overturned it.
Unemployed Black workers faced stringent quotas on New Deal work relief programs, and those who obtained jobs were shortchanged in wages by New Deal pay policies. Black families consistently were barred from New Deal residential communities, some of which were built on land from which they had been evicted.
hiltzikm Built on such a “quicksand” that this economic model and the opportunities it comes with since FDR has taken Hundreds of millions of people out of poverty around the world. So let’s just destroy it. Horrible article. Horrible idea
hiltzikm LA Times is a propaghanda machine.
hiltzikm anyone saying this really really really doesn't understand what's coming once Republicans stop juicing the market
hiltzikm Wishful thinking. As long as candidates are bought and paid for, nothing will change.
hiltzikm Biden should be in prison with Hillary and Obama.
hiltzikm Guess that lowesr ever unemployment for women, blacks, hispanics, and disabled in Febuary just isn't sexy enough, huh?
hiltzikm Trump/Biden 2020!
hiltzikm Hope vs. mean despair.
hiltzikm Welp .... now we know why Biden choose her to be his VP 😂
hiltzikm Willie Willie Willie
keep believing what you want to LA Times
Good luck getting the *checks notes* Democrats on board with large-scale reform.
Sniff&Blow
LMAO!!! Liberal sheep will believe anything they are told.
It wouldn't.
Obama, for 8 years in office, had his rhetorical campaign word “Change.” Change for what? Then here’s a new one..”New Deal.”
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