Sunday, February 22, 2009

Gloom, Doom, Bye Bye Boom

MSNBC headline:
Gloom persists despite audacious plans 
Stimulus spending rivals the New Deal, but the bad news keeps coming
This shouldn't be surprising. The New Deal worked out the same way. FDR spent and spent and the Depression lingered and lingered. But his popularity remained high. He gave great speeches.

To paraphrase:

History doesn't repeat itself every time,
but it has a scary tendency to rhyme.

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