March 18th, 2010
Henry Morgenthau Jr
“We have tried spending money. We are spending more than we have ever spent before and it does not work…I say after eight years of this Administration we have just as much unemployment as when we started. … And an enormous debt to boot.” FDR’s Secretary of the Treasury, Henry Morgenthau Jr., in his 1939 testimony to Congress stating that the spending in the New Deal has not worked.




