Jim Powell Parses the New Deal on C-SPAN (1 of 2)

Jim Powell, author of FDR's Folly, is a Senior Fellow at the Cato Institute

http://www.cato.org/people/jim-powell

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[legendre007]

More people need to listen to Jim Powell. He's right. :-)

[Surhotchaperchlorome]

Fuck Socialism.

[IKLIPTIC]

The free market did not do that the federal reserve did, the fed is not fro the people which is what the man is discussing over controlled free market by a monolithic banking and political cartel - get rid of obama and put ron paul in there and we can turn this around.

[IKLIPTIC]

Barack is what he is talking about - he is a failure and worse than FDR. Yes we can fight big government, yes we can have freedom, yes we can regain control of our economy, yes we can remove the federal reserve yes we can vote for someone with experience and the peoples interest.

[cxxguy]

Was there a Free Market at work when the Federal Reserve pumped trillions of dollars into thee economy, guaranteeing a bubble?

Was it a free market which forced the banks to loan to those who were not credit worthy?

What did the Free Market do? Well, they might have chosen that the bubble appeared in the Real Estate market, rather than so other market. But they did not know they were doing this, because if the people who have the most to lose know a bubble is forming, the bubble cannot form.

[VeryEvilPettingZoo]

Point taken.

In case anyone doesn't know, I'm not Jim Powell, and my post was pure sarcasm.

[Anonymous300]

Careful, some people may not understand that that was sarcasm. I got the joke, but in the future, you may need to be way more outrageous. There are a lot of stupid people on Youtube.

[ancjr]

Just as Jesus made the 5 loaves and fishes to feed the multitude, I will take your earnings to redistribute fairly so that there is prosperity for all.

Yes We Can,

-Barack Obama

[VeryEvilPettingZoo]

Dear Middle and Working Class Stupid Americans,

We, the rich, have really enjoyed ass raping you for the past 30 years. We'd like to continue doing so. Just because our greed over the most bread and butter financial activities - home mortgage banking - has ruined the global economy, we still expect you to buy the same free market anti-government bullshit. We're pretty sure you're dumb enough to "stay the course", so this is really just a friendly reminder. Thanks a bunch.

Love,

Jim Powell