Save the Rich by Garfunkel and Oates

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2 thoughts on “Save the Rich by Garfunkel and Oates

  1. One rich to save is FDR: Solve unemployment by using FDR’s solution to unemployment (1932-1941 WPA)
    What the federal government can and should do about unemployment in 2011 is
    what FDR did in 1934: institute a massive program of federal and state direct
    employment of the unemployed, to perform social services. FDR’s Works
    Progress Administration (WPA) created a massive labor army out of the
    unemployed. It was so massive that Republicans charged it was a Democratic
    vote gimmick. In 1934, there were 11 million unemployed (22%). The WPA, over
    its eight-year span, put 8.5 million people to work, at a cost of about $11
    billion. Today $11 billion is about $22 billion. In 2008, TARP handout to
    banks was 700 billion; up to $8.5 trillion now. None of the bank handouts has
    helped people, even though it is the people’s money.

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