Welcome to the Finger Lakes! Our theme song:

In a town this size, there's no place to hide
Everywhere you go, you meet someone you know...
In a smokey bar, in the backseat of your car
In your own little house, someone's sure to find you out
What you do and what you think
What you eat and what you drink...

(Kieran Kane)

Wednesday, June 8, 2011

Amity Shlaes: Repeating 1937?

Amity Shales, South of 5 and 20's choice to replace Kirsten Gillibrand as senator from New York, points out how the Obama administration is doing now what FDR did in 1937 to prolong the Great Recession.
Roosevelt's victory in 1936 had been so convincing that people believed he might do anything. FDR reinforced this suspicion with an inaugural address so aggressive that modern presidential advisers would never allow it on the teleprompter. Roosevelt told the nation he sought in government "an instrument of unimagined power." That scared markets and small businesses.
Roosevelt's efforts to increase the power of government had the unintended consequence of nearly destroying the US economy.  Obama's actions are having the same consequence, but he's so smart that it cannot be unintentional.

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