FDR ran on small government, cutting spending, cutting debt and getting away from socialism. Obama has denied being socialist, and said Bush started "socialistic" policies in the New York Times. Obama says that the Republicans gave him huge debt and big deficits. In October, we had a stock market crash.. since November 2007, the Stock Market has tumbled from as high as the 14000s to as low as the 6000s.
We are not in for a short recession, and if we are, we are postponing the wound to it's true effect. This may bleed, but what will happen when the infections reaches its endgame? Is the endgame in 2009, 2010 or five years from now? It doesn't matter much when it happens, but there is no denying it will happen.
Obama threatened the economy would blow up if we didnt get a stimulus and that our government would collapse without a big government spending bill. Now he wants a 3.5 trillion (for now) budget. Hoover spent and taxed like crazy, but he failed in comparison to FDR's radical policies. Bush bailed out banks and gave aide to the Automobile companies, however Obama is taking over both, and his Treasury Secretary, Tim Geithner, is asking for fascist controls over any and all big corporations in America.
This correction is coming, of that I believe is true, I just hope that America's freedom and will can survive the beating..
For the Great Myths of the Great Depression by Lawrence Reed:
http://www.thefreemanonline.org/featured/great-myths-of-the-great-depression/
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