American Elephants

Useful Quotations for The Current World by The Elephant's Child

Henry Morgenthau Jr. was Franklin Delano Roosevelt’s Secretary of the Treasury, and the architect of The New Deal:

“We have tried spending money. We are spending more than we have ever spent before and it does not work. …We have never made good on our promises. I say after eight years of this administration we have just as much unemployment as when we started…and an enormous debt to boot.”

2 Comments so far
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It is funny, or sad, depending on your view, that something tried decades ago with a failure, is now being repeated by this administration. Keynesian economics didn’t work then, and it’s not working now!


Comment by fletch92131

Can you think of anything offhand that Democrats have decided was a mistake and did not work, and they’re not going to try again? They keep doing the same damn thing over and over. This time they’ll get it right!


Comment by The Elephant's Child

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