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Even New Dealers Opposed the New Deal

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Daily Dose of Reason - Quotations
Written by Michael J. Hurd, Ph.D.   
Sunday, 18 January 2009 00:00

"We have tried spending money. We are spending more than we have ever spent before and it does not work ... After eight years of this Administration we have just as much unemployment as when we started ... And an enormous debt to boot!"

-- Franklin Delano Roosevelt's Secretary of the Treasury Henry Morgenthau, commenting on the failures of the New Deal after two terms of FDR

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