Time Magazine compared Barack Obama to Franklin Roosevelt, complete with cigarette holder and massive federal intervention.
Is it an accurate comparison?
If you believe Lee Ohanian and Harold Cole it may be true, but not in the happy talk, cheerleady way that Time intended.
The two UCLA economists contend that Roosevelt’s interventionist policies actually made the Great Depression even more…well…depressing.
Just like some critics say that Obama’s “stimulus” is making the recession even more…uhhh…recessional.
Source: Reason.tv
