People are beginning to compare Barack Obama’s administration to the failed administration of Jimmy Carter, but a better comparison is to the Roosevelt administration of the 1930s and ’40s. Let’s look at it with the help of a publication from the Mackinac Center for Public Policy and the Foundation for Economic Education titled “Great Myths of the Great Depression,” by Lawrence Reed.

During the first year of President Franklin D. Roosevelt’s New Deal, he called for increasing federal spending to $10 billion while revenues were only $3 billion.