By admin on
5/10/2009
In The Forgotten Man, Amity Shlaes takes us back to show us how the roots of our disillusionment can be found in a single election year, 1936. In that year, Franklin Roosevelt systematically established the modern political constituency, from unions to artists, to senior citizens. Roosevelt's solution was to spend for these groups, so extensively that federal spending that year outpaced state and local spending, for the first time ever in peacetime. The consequence was the Roosevelt landslide of 1936 --but also the modern entitlement trap. Roosevelt often spoke of the Forgotten Man, the man "at the bottom of the economic pyramid." Yet, Miss Shlaes shows, his New Deal created a new forgotten man, the man who subsidizes the funding of other constituencies -- and who haunts politics in all developed nations today..
In my opinion The Forgotten Man is a Must Read
http://www.amityshlaes.com/
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