Though the economy is showing signs of recovery, we should not repeat the mistake of 1937, when the Fed and Roosevelt’s administration decided the Great Depression was over and “it was time for the economy to throw away its crutches.” ++ Occasional good numbers mean nothing and are in part statistical illusions. ++ With continuing mass unemployment, Congress should enact another round of stimulus
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The White House’s comparisons between the US’ current financial situation and the Great Depression have created a necessary climate of fear in the country. ++ This crisis is both alarming and systemic and America must face up to its bad habits if it is to make it through to the other side. ++ However, if Obama is to honor his campaign promises, this anxiety-discourse must also be
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