The Shamulus Bill

Why does our government not learn key lessons from our country's history. They continue to quote FDR's "New Deal" as the great economical fix of the great depression. The problem is, the "New Deal" didn't work.

The goal of the New Deal was to get Americans back to work. But the New Deal didn't restore employment. In fact, there was even less work on average during the New Deal than before FDR took office. Total hours worked per adult, including government employees, were 18 per cent below their 1929 level between 1930-32, but were 23 per cent lower on average during the New Deal (1933-39).

It actually prolonged the depression by several long years.

The main lesson from the New Deal is that wholesale government intervention can - and does - deliver the most unintended of consequences. This was true in the 1930s, when artificially high wages and prices kept us depressed for more than a decade; it was true in the 1970s when price controls were used to combat inflation but only produced shortages. It is true today, when poorly designed regulation produced a banking system that took on too much risk.

Our friends over at FreedomWorks.org sum it up well with regard to this shameful stimulus bill the government is trying to force down our throats.

FreedomWorks just developed these Bailout Bucks - inspired by our friends at UGA.This afternoon we're delivering them to Senate offices along with copies of our key vote and Top 10 Reasons the Economic "Stimulus" package is beyond ridiculous.

Warning: This package may be hazardous to your health.