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socialist, failed, act of desperation

2007-12-31 09:48:31 · answer #1 · answered by Caninelegion 7 · 0 0

The federal government began fulfilling it's role of providing for the general welfare for the first time in decades, and began deficit spending in an attempt to revive the economy.

Bank insurance was created to insure depositors, to regain the publics trust in banks again.

Limited welfare was created for the most unfortunate in society, with the concept of providing a temporary economic safety net for those down on their luck.

Those who call this socialism are clueless. They need to look up the definition of socialism. The concept of welfare was a part of the philosophy of the founding fathers of the U.S., and is specifically mentioned in the U.S. constitution. The fed has been regulating businesses from the beginning, and financing public works projects. Learn some history. It is worthy to note that at the same time as FDR was introducing the new deal, U.S. industrialists were backing Hitler to destroy German unions. Who are the real traitors to the ideals of the U.S.?

2007-12-31 19:00:13 · answer #2 · answered by poet1b 4 · 0 1

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