Wednesday, October 15, 2008

Democrats Plan New Deal 2.0?


I believe this is what Republicans call socialism:

With visions of a massive liberal majority in the next Congress and the power to remake economic policy for the next generation, Democrats are dusting off their New Deal history books and openly discussing the idea of re-engineering Depression-era agencies for the 21st century.

Several lawmakers want to bring back the Home Ownership Loan Corp., and others have discussed resurrecting the defunct Reconstruction Finance Corp., a federal program that made direct loans to businesses.

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