Regis Philbin
Feb 25th, 2009, 07:27 PM
http://www.bostonherald.com/business/general/view/2009_02_25_Edward_Johnson_Slams_FDR_‘New_Deal_II_:_Blames_fe ds_for_crisis__derides_U_S__spending/srvc=home&position=5
Edward Johnson Slams FDR,‘New Deal II’
Blames feds for crisis, derides U.S. spending
By Jay Fitzgerald
Wednesday, February 25, 2009
Fidelity’s Edward “Ned” Johnson jumped into the controversial debate over President Obama’s “New Deal II” and what Johnson called government “make-work projects.”
Without naming names, Johnson praised the administration’s effort to make economic recovery its top priority, saying it was “admirable.”
But Johnson, sounding like he’s never been a big fan of the original New Dealers from the 1930s, warned of too much government involvement in the economy and indicated Fidelity is beefing up its government-affairs unit to fend off possibly burdensome new regulations.
“We can only hope that the government’s cure doesn’t further sicken the patient,” Johnson wrote in his annual update on Fidelity’s performance over the past year.
Edward Johnson Slams FDR,‘New Deal II’
Blames feds for crisis, derides U.S. spending
By Jay Fitzgerald
Wednesday, February 25, 2009
Fidelity’s Edward “Ned” Johnson jumped into the controversial debate over President Obama’s “New Deal II” and what Johnson called government “make-work projects.”
Without naming names, Johnson praised the administration’s effort to make economic recovery its top priority, saying it was “admirable.”
But Johnson, sounding like he’s never been a big fan of the original New Dealers from the 1930s, warned of too much government involvement in the economy and indicated Fidelity is beefing up its government-affairs unit to fend off possibly burdensome new regulations.
“We can only hope that the government’s cure doesn’t further sicken the patient,” Johnson wrote in his annual update on Fidelity’s performance over the past year.