Thursday, December 25, 2008

Walking the Line

Paul Krugman looks at the current economic mess and write an op-ed in the NY Times telling Obama that he needs to achieve what FDR managed to achieve:
How did F.D.R. manage to make big government so clean?

A large part of the answer is that oversight was built into New Deal programs from the beginning. The Works Progress Administration, in particular, had a powerful, independent “division of progress investigation” devoted to investigating complaints of fraud. This division was so diligent that in 1940, when a Congressional subcommittee investigated the W.P.A., it couldn’t find a single serious irregularity that the division had missed.

F.D.R. also made sure that Congress didn’t stuff stimulus legislation with pork: there were no earmarks in the legislation that provided funding for the W.P.A. and other emergency measures.

Last but not least, F.D.R. built an emotional bond with working Americans, which helped carry his administration through the inevitable setbacks and failures that beset its attempts to fix the economy.

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