Echoes of the Great Depression

Phil Gramm lays out the similarities and differences between the 1930s and today, and between the American people then and their willingness to try collectivism and their unwillingness today. He's put a pretty positive spin on November's election. I'm not so sure. My generation, although we heard about the Great Depression all our growing up years, has become very careless, and the Boomers? My, they've always expected more and better, and they are the parents of the Gen-Y and Gen-X who just a few years ago needed toys, trinkets and prizes just to show up to work (I assume that has changed since 2008).

Barack Obama is a Marxist--true, not a terribly successful one, but you can see the power of his supporters, now angered by his ineffectual programs, when they show up tomorrow in Washington as One Nation of Trouble Makers Asking for More and More and More. Every Communist, Socialist and crooked union leader will be there, paying the way for their lackey workers to assemble and protest a administration which promised to steal from the rich and give to the middle-class while ignoring the poor (who already have 70 or so programs to help them stay at the bottom).

Phil Gramm: Echoes of the Great Depression - WSJ.com