The New Deal Was A Failure: Govt spending prolonged the depression as Obama is doing today

December 12, 2011 07:08

If Obama had spent less time seeking out Marxist professors in college he might have learned some basic economics.

This mini-documentary from the Center for Freedom and Prosperity Foundation explains how the statist policies of Presidents Hoover and Roosevelt lengthened and deepened the Great Depression. The video also briefly explains how reductions in the burden of government spending helped the economy recover from a deep recession after World War I and to grow after World War II.

Note how similar Obama’s proposals and policies are to Hoover and FDR.

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