People are beginning to compare Barack Obama's administration to the failed administration of Jimmy Carter, but a better comparison is to the Roosevelt administration of the 1930s and '40s. Let's look at it with the help of a publication from the Mackinac Center for Public Policy and the Foundation for Economic Education titled "Great Myths of the Great Depression," by Dr. Lawrence Reed.
This past weekend, as the victors of the Ames Straw Poll were being determined in Iowa, Texas governor Rick Perry declared his candidacy for the presidency. The talking heads of “conservative” talk radio and elsewhere were giddy with excitement. For more than one reason, I, for one, do not share their enthusiasm.
While many are complaining about the recent debt-ceiling deal, is it really the issue? Sure, statists say that the Republicans steered us toward crisis with their initial unwillingness to compromise, while traditionalists complain that the GOP folded and “let us down again.” Our problems, however, lie not in our politicians but in ourselves.