Once again we have Democrats playing feel-good, sound-bite economics in an election-year campaign.
Now that we seem headed to Recession – largely as a result of interest groups forcing Congress to enable the uncredit-worthy public to get credit, which they promptly failed to repay, thereby validating the Markets’ refusal to lend to them to begin with – we have the two major Democrat contenders trying to out-Hoover one-another in their race for the ill-educated (thank a unionized teacher) vote.
Hoover did exactly what these two candidates now are proposing: raise taxes, cut free-trade.
The result, of course, was the Great Depression.
Ever-intent on introducing failed policy as the way forward, Democrats now propose the same policies to avoid a Depression.
It doesn’t get any dumber’n this – at least not in the field of economics.