Friday, March 23, 2007

"A Funny Thing Happened on the Road to Serfdom"

"For 70 years, conservatives have been telling us that the American economy—whether it's in recession or whether it's booming—is laboring under the shackles of the burdensome taxation and misguided regulation placed upon it by FDR and his successors. Somehow, stocks would do better if the SEC were weaker and we'd all be wealthier if seniors weren't guaranteed a minimum income, funded through payroll taxes. But America's economic mastery since 1945 has served as an ongoing and constant refutation of their most dearly held beliefs. It still does today. As George Melloan concedes, 'The New Deal basically expanded the reach of government, and things worked out OK.' Actually, they worked out great. Some people still can't get over it."

From Slate's 2005 archives, Daniel Gross explains the continuing conservative hatred for Franklin Roosevelt.

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