Glad to see this reply to Peter Beinart and his stupid and concocted defense of Truman as against Bush. Nevertheless, one should hope that Bush won't give like Truman gave in China.
And back on the home front, one hopes there is nothing but differences between the two men. Truman was a New Dealer through and through. He stood for price controls, high taxes, and Big Labor, and he nearly killed the post-War recovery. He refused to give up federal control of the economy, and doing so he condemned it to a long recession that was exascerbated by the Korean War. Then he used that war as a further excuse for more Federal regulation of the economy.
He was an economic disaster.
And back on the home front, one hopes there is nothing but differences between the two men. Truman was a New Dealer through and through. He stood for price controls ...
Good points. I saw Beinart on TV last week, maybe it was on Kudlow & Company, advocating raising the minimum wage. As far as Truman's price controls went, he finally figured out they didn't work, at least on meat, or at least he should have.