<html><head><meta http-equiv="Content-Type" content="text/html charset=windows-1252"></head><body style="word-wrap: break-word; -webkit-nbsp-mode: space; -webkit-line-break: after-white-space;"><font size="-1"><div class="entry-date">Keynes’s 1933 and 1938 Letters To Roosevelt</div>
<h1 class="article-title">Why FDR Did Not End the Great Depression – and Why Obama Won’t End This One</h1>
<div class="mainauthorstyle">by ALAN NASSER</div>
<div class="main-text"><p>From Cambridge University in 1932-1933, John Maynard Keynes
observed a promising new U.S. president presiding over what he saw as
half-baked and confused policies, while labor insurgency was mounting.
Roosevelt’s measures were, Keynes conceded, without precedent, but
novelty was not enough. Long-term commitment to direct federal
employment was required...</p><div><div class="entry-date"><<a href="http://www.counterpunch.org/2014/01/08/why-fdr-did-not-end-the-great-depression-and-why-obama-wont-end-this-one/">http://www.counterpunch.org/2014/01/08/why-fdr-did-not-end-the-great-depression-and-why-obama-wont-end-this-one/</a>></div><div class="entry-date"><br></div></div></div></font></body></html>