Obama Doubles Down on Failure

Townhall.com ^ | August 30, 2011 | Bob Beauprez

[ProtectOurFreedom]

The threat of the pending tax, he argued, would "encourage households to spend money now, rather than after the tax is in place"

That is PRECISELY what FDR's economic team did, except they were trying to ignite inflation. They believed that the threat of higher prices tomorrow would kick off consumer spending today. Didn't work then, either, because nobody had a job and there was no money to spend.