[Peace-discuss] Why a new New Deal is necessary now

[C. G. Estabrook]

Keynes’s 1933 and 1938 Letters To Roosevelt
Why FDR Did Not End the Great Depression – and Why Obama Won’t End This One

by ALAN NASSER
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...

<http://www.counterpunch.org/2014/01/08/why-fdr-did-not-end-the-great-depression-and-why-obama-wont-end-this-one/>

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