Did the Founding Fathers Screw Up?

Did the Founding Fathers Screw Up?:

The country needs and, unless I mistake its temper, the country demands bold, persistent experimentation," Franklin Roosevelt declared as he campaigned for the presidency in the spring of 1932. "It is common sense to take a method and try it. If it fails, admit it frankly and try another. But above all, try something."

Most of the experiments Roosevelt tried to rebuild the economy once he took office encountered fierce opposition. But his closing admonition -- try something -- transcends our political particularities. It's an affirmation of a specifically American common sense, a statement of our national inclination to action, an affirmation of the pragmatism that remains the country's signal contribution to philosophy. In times of trouble, try something. Who could be against that?

Yet, three years into the worst recession since Roosevelt's time, a countercurrent, every bit as American as our bias for action, has swept over us.

Twenty-five million Americans are either unemployed or underemployed, and the average duration of joblessness stands at record highs. Consumers are too deep in debt to consume; our producers produce and our investors invest abroad. To remedy all this, the federal government today tries ... nothing.

(Excerpt) Read more at prospect.org ...