Saturday, April 4, 2009

The more things go around....... the more they stay the same- -

This editorial cartoon is from the Herald Tribune in 1934! Sorry it's not clearer, but like Ole' Pecoz, it's old, gray and has traveled a long way...........
The more things change, the more they stay the same! Those who fail to heed the lessons of history are doomed to repeat them. A review of the economic history of the 1930’s demonstrates that Roosevelt’s spending programs failed to turn the economy around. Unemployment temporarily dropped and then rose again in the late thirties to more than 15%. It took a World War to reverse that trend.

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