Last night's speech by our president fell short of advancing Capitalist ideas. He not only promised to increase government spending to rebuild New Orleans, but also said that current poverty in New Orleans is due to "racism". Anyone who knows enough about economics to fit on the edge of a dime knows that nearly every time poverty stays in a given area for a long period of time the government is often to blame. So if the government created poverty in New Orleans, why then turn to it for the solution? President Bush seems to have pulled a page out of FDR's New Deal policy book.
President George W. Bush