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Obama Takes One from FDR's Playbook: Blame the Bankers
Cute. Even as Barney Frank proposes new FTC powers to attack the financial sector and restric lending, and Obama tries to get the public to view the bankers as bad guys, the same President says bankers are lending too little. Nice.
http://www.washingtonpost.com/wp-dyn/content/article/2009/12/14/AR200912...
Sheldon Richman, of FEE, brought up a terrific article by Tom DiLorenzo that sheds light on past federal action screwing with the market, and the mentality behind it. In this case, DiLorenzo highlights FDR and the love of fascism during the 1930's. Seems bad ideas never die. Here ya go:
http://www.thefreemanonline.org/columns/economic-fascism/?utm_source=The...