Yesterday, the President told us that, in a few weeks, he would be providing Congress with ideas about what Washington can do to fix our economic malaise.
Some will say, why can’t he do that now, if he has a plan. Priorities first.
Last night was a fund raiser, and next week is a bus tour through three states in the Midwest. I seem to recall that someone was ridiculed for having a bus tour earlier this year, but, I digress. Then, the following week, the President has his planned vacation at Martha’s Vinyard.
I am hoping that somewhere along the line, the President will read this post as it may help him present his plan.
In 1939, FDR’s Secretary of Treasury, Henry Morganthau, wrote this:
We have tried spending money. We are spending more than we have ever spent before and it does not work. And I have just one interest, and if I am wrong … somebody else can have my job. I want to see this country prosperous. I want to see people get a job. I want to see people get enough to eat. We have never made good on our promises. … I say after eight years of this Administration we have just as much unemployment as when we started. … And an enormous debt to boot.
I can only hope that President Obama remembers those words, as well as the words of George Santayana (1863 -1952), a philosopher, writer and poet:
Those who cannot remember the past are condemned to repeat it.
No infrastructure bank, Mr. President, no “cash for whatever”, no WPA, no CCC. Stop spending money on what you believe are “jobs” programs. That does nothing but increase the debt… something that Secretary Morgenthau, over seventy years ago, realized did not work. The government cannot spend our way out of this economic mess and into prosperity.
Let the American public do it.
History shows that we will do a far better job than the government.