Posted tagged ‘FDR’

Thomas Sowell Compares FDR and President Obama.

May 15, 2013

Thomas Sowell talks about how FDR’s interventions into the market prolonged and deepened the depression, and how Obama’s interventions are doing the same thing.

Here is a quote from the video, “ parallel is people are talking about these highly intelligent people with whom the president has surrounded himself. FDR surrounded himself with highly intelligent people, that is no guarantee of anything except brilliant rationalizations for failure …..”. (more…)