Given the enthusiasm for reactionary economics in the ranks of the victors on Election Day, it seems highly likely that they will repeat the same policy mistakes of the Hoover-FDR era. The recession we now appear to be in could, with a coordinated Big Government approach to policy, be fairly easily parlayed into a full-blown depression.
The incoming powers-that-be want to massively increase government spending well beyond the excesses of our current pretend-conservative president, repudiate free trade, raise tax rates, and give tax “refunds” to people who don’t have incomes.
America appears poised to get change — good and hard.
