While we’re on the subject of comparing Joe Biden to LBJ, some media outlets are trying to do that favorably by comparing the $3.5 trillion spending boondoggle bill he’s attempting to force through Congress to FDR’s “New Deal” and Lyndon Johnson’s “Great Society.” Anyone who studied history before it was subverted by leftist politics should feel his blood run cold at the very thought. Those two massive expansions of government are almost entirely responsible for the bloated, Constitution-shredding government, corrosive welfare state and back-breaking national debt that we’re now enjoying.
Like Biden, those Presidents claimed that their massive spending and government programs were going to result in countless jobs, as if jobs were created by government, not the private sector when government gets out of the way and off its back.
At The Hill Newspaper, Amity Shlaes has a MUST-READ article about FDR’s New Deal, its similarities to the plan by Biden and today's Democrats, and why in most ways, it failed to work and made things worse for years.
In a statement that could easily apply to today’s Democratic socialist schemes, the chief economist at Chase Bank, Benjamin Anderson, said of the New Deal that after failing by playing God, the government chose not to retire but simply “to play God more vigorously.”
Finally, a hat tip to Instapundit for reminding everyone of this 2015 study by UCLA economists that found that FDR’s New Deal actually prolonged the Depression for seven years past the point when it should’ve ended. Coincidentally, the Obama-Biden Administration managed to drag out the 2009 recession for seven years past the point when it should’ve ended. And now, Biden’s trying to do it again with the pandemic shutdown recession.
These people just keep repeating history, maybe because they keep flunking it.