Saul Friedman: It's time for a new Ne...

Saul Friedman: It's time for a new New Deal

There are 4 comments on the Newsday story from Nov 8, 2008, titled Saul Friedman: It's time for a new New Deal. In it, Newsday reports that:

Now what? If, as historians and columnists tell us, this election was an echo of 1932, those of us who have lived that long have some idea of what should come next.

Join the discussion below, or Read more at Newsday.

decoflair

Bronx, NY

#1 Nov 8, 2008
What of the many of us close to retirement that over many years were believers in our economic system and placed investment money into the stock market for long term growth. Over the years we paid our capital gains taxes on profits as good citizens are expected to do. Now, with the "quick crash" in our portfolios part of our personal retirement funds have evaporated. Yet, we may only write off stock market losses up to $3,000 per year. Is there any consideration by Congress of raising the the $3,000 stock market loss deduction to a higher level?
I Have His Wallet

Hicksville, NY

#2 Nov 8, 2008
Congratulations Comrade Saul - this must all be so exciting for you. The opportunity to go back to the good old days when our government was overrun with FDR and his brain trust. These lunatics were enthralled by Uncle Joe and the Russian Revolution and deepened and lengthened a bad recession into the Great Depression by experimenting and tinkering with big government projects. For the real deal read The Forgotten Man by Amity Shlaes.
Edward N

United States

#3 Nov 8, 2008
I think you are correct.
SaulsSuk

Cold Spring Harbor, NY

#4 Nov 8, 2008
What should come next Saul is the NSDAP.

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