Analysis: New Deal, no deal?

President Obama has promised that the Recovery Act will create millions of new jobs. Sound familiar? President Franklin D. Roosevelt promised something similar ...

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.

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