Pat Toomey of the Club for Growth writes here about the parallels between the policies FDR pursued in his first term in office and the policy proposals Obama has been talking about.
Both FDR’s thinking and Obama’s exhibit what Ludwig von Mises called “the anti-capitalist mentality” — a generalized hostility to the free market, profit and loss system and an unshakable belief in the ability of government officials to do a good job of planning a socio-economic utopia.
The relics of the New Deal are still millstones around the neck of the country, including the federalization of agriculture, Social Security, and the National Labor Relations Act. We’re facing the horrible prospect of much more of the same sort of toxic stuff, Toomey argues.
