Analysis: New Deal, no deal?

Tuesday - 7/7/2009, 10:28am EDT

Amity Shlaes

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President Obama has promised that the Recovery Act will create millions of new jobs. Sound familiar? President Franklin D. Roosevelt promised something similar during the Great Depression. Amity Shlaes is a syndicated columnist for Bloomberg and a senior fellow at the Council on Foreign Relations. She joins us to talk about the role government plays during recessions.