Under the headline “Lessons for Today from FDR’s New Deal,” the FT issued a wild string of fantasy declarations today about the New Deal, clearly aimed at preventing British Prime Minister Boris Johnson from carrying out his announced turn to an FDR-style New Deal build up of infrastructure, re-industrialization, science centers, education and health facilities. They start by comparing Johnson’s clear intention to follow the FDR model to its opposite, the European Commission’s President Ursula von der Leyen’ genocidal “Green Deal.”
They then drop a whopper, describing FDR’s policies during the Depression as having “helped birth modern macroeconomics through the scholarship of John Maynard Keynes and Milton Friedman.” FDR, of course, waged economic and political battle before, during and after the Depression with Keynes and those who would later be associated with the fascist libertarian Friedman.
The FT warns: “We should be suspicious of modern-day politicians who lay claim to FDR’s mantle” — certainly referring directly to Lyndon LaRouche as well as Boris Johnson. They then declare that “some people” argue that Roosevelt’s New Deal was ultimately a failure, since his “fiscal stimulus did not work during the Depression,” because “FDR attempted to balance his programme of spending with tax rises too soon, choking off the recovery.”
