W. Todd Akin: “You know, the funny thing is that we need to learn something from history, and the Democrats have got something they…”

“You know, the funny thing is that we need to learn something from history, and the Democrats have got something they could learn from. It's Henry Morgenthau. He was the Secretary of the Treasury under FDR. They had a recession, and by his policies, they managed to turn it into the Great Depression. After 8 years of government spending, which is what we have seen--just incredible levels of government spending--he makes FDR look like a piker. He makes George Bush look like Ebenezer Scrooge. So here is Henry Morgenthau before the House Committee of Ways and Means. He says this: We have tried spending money. We are spending more than we have ever spent before, and it doesn't work. I say, after 8 years of the administration, we have just as much unemployment as when we started and an enormous debt to boot. That is Henry Morgenthau. He is a contemporary of little Lord Keynes, that not so bright British economist. Here is a Democrat who just says, Hey, we tried it for 8 years, and it doesn't work. So what are we doing now? We are going right back around, and we are overspending. We haven't learned our lessons.”