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View Diary: Krugman: “Years of Tragic Waste.” (U.S. economic policy since '08: "...horrifying failure.") (255 comments)

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  •  And it's became possible, in part, due to FDR (6+ / 0-)

    taking the US off of the gold standard for national settlement.

    Obama either doesn't get this, or he doesn't have similar politics.

    But aside from food stamps, FDR's social stabilizers are overlooked when people consider how this recession/depression isn't as bad as the 30's.

    If it weren't for social spending, Obama's desire to put the private sector into deficit for the sake of reducing the deficit would be very bad indeed.

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