The Obama Administration has chosen to compare the current economic conditions to those of the 1930’s to justify action on legislation without public comment and debate. Despite the fact that the current economic conditions were caused by government intervention into the housing industry, just as the crash of 1929 was caused by government monetary policy, 2009 differs from 1932 in one important way. The American public of 2009 has witnessed the failure of collectivism, which it had not in 1932.
