While Dims prattle on about the Green “New Deal,” they’re conveniently forgetting a UCLA study that found the old New Deal prolonged the Great Depression by almost a decade.
“The downturn of 1937-38 was preceded by large [federally-mandated] wage hikes that pushed wages well above their NIRA levels, following the Supreme Court’s 1937 decision that upheld the constitutionality of the National Labor Relations Act. These wage hikes led to further job loss, particularly in manufacturing…Our research indicates that New Deal labor and industrial policies prolonged the Depression by seven years.”
An enacted Green New Deal is likely to start one. Not that the Dims or their stenographers in the media care, so long as the graft is good.
Via WSJ
THE TEXAS SCRIBBLER 