Obama doesn’t measure up to either Roosevelt

During President Obama’s speech in Osawatomie this week, he drew direct parallels between his administration’s policies and Teddy Roosevelt’s. This, of course, is not the first time he’s attempted to bail out his failed policies by claiming their connection to an earlier, more popular president. The same approach was used early on in his administration with comparison of his economic stimulus to FDR’s New Deal.

Recent apologists for Obama’s big spending continue to use this comparison. They attempt to justify the injection of trillions of new federal dollars into our economy, claiming that exorbitant spending will eventually bring results as it did for FDR. They also claim support from the theories of John Maynard Keynes, a British economist who advocated government intervention and spending to avoid economic downturns.

In all fairness to Obama, such Keynesian views are not new to U.S. policymakers. Since the time of Franklin Roosevelt, the U.S. has increasingly adopted Keynesianism over the traditional free-market capitalism that carried us from the nation’s founding through the 1920s.

Although both Obama’s out-of-control spending and Roosevelt’s New Deal find support from this Keynesian approach, all is not the same between them. In fact, the differences are so significant that one cannot reasonably refer to the Obama stimulus plan, like Time magazine once did, as the “New New Deal.”

Read the rest of this article by Joe Miller HERE at WND.com

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