'Times' points to Hitler's quick, successful stimulus plan during Great Depression

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His stimulus plan pulled Germany out of the Depression.
If Adolf Hitler can drag Nazi Germany out of the Great Depression with a stimulus plan, then America can use a similar strategy — only in part, mind you — to do the same thing this time. Yes, we can, in Barack Obama's campaign catchphrase, which the new president is still more or less using.

Not that Obama is invoking Hitler's name or even obliquely referring to it. But the preternaturally cautious New York Times is doing so, in yet another provocative analysis by David Leonhardt.

The Gray Lady of journalism may be terminally ill, as readers of Mark Bowden's advance obit in Vanity Fair of publisher Arthur Ochs Sulzberger Jr.'s reign, "The Inheritance," can't help but conclude.

But as a journalist, Leonhardt is a keeper. You just can't think of anyone else on the Times (or practically any other media outlet) who would talk about Hitler's economic policies the way Leonhardt does in "Stimulus Thinking, and Nuance."

Unless he's pulling an April Fools' Day prank on us, which he's not. Because the Times wouldn't joke about Hitler, would it? Nah.

Anyway, forget the boring headline and Leonhardt's apologetic first sentence: "Every so often, history serves up an analogy that's uncomfortable, a little distracting and yet still very relevant."

Poking around in the dustbin of Great Depression history, Leonhardt argues that stimulus plans have worked and points to Hitler's success in Germany as a prime example.

OK, so he doesn't mention that today is the 76th anniversary of Nazi Germany's historic "Judenboycott," which formally launched the government-sanctioned horror that ended in the Holocaust.

But that doesn't necessarily blunt his point.

After warning that his analogy to Hitler's stimulus plan will be "uncomfortable," Leonhardt gets right to it:

In the summer of 1933, just as they will do [today], heads of government and their finance ministers met in London to talk about a global economic crisis. They accomplished little and went home to battle the crisis in their own ways.

More than any other country, Germany — Nazi Germany — then set out on a serious stimulus program. The government built up the military, expanded the autobahn, put up stadiums for the 1936 Berlin Olympics and built monuments to the Nazi Party across Munich and Berlin.

The economic benefits of this vast works program never flowed to most workers, because fascism doesn't look kindly on collective bargaining. But Germany did escape the Great Depression faster than other countries. Corporate profits boomed, and unemployment sank (and not because of slave labor, which didn't become widespread until later).

Leonhardt notes that "no sane person enjoys mixing nuance and Nazis, but this bit of economic history has a particular importance this week."

As if we need more evidence that Leonhardt's pieces are nuanced (something that most other daily journalism isn't), he argues that there's a historical subtext to the disagreement between the U.S. and Europe over the idea of a stimulus plan — and this context has nothing to do with Hitler:

Europe is doing less than the United States, but the gap isn't huge. It just seems so because European stimulus tends to arrive quietly, from existing safety net programs. In this country, where the safety net is weaker, stimulus comes largely from new laws.

Now that is nuance.

Meanwhile, over at the Anti-Defamation League, Abe Foxman must already be typing an angry letter to the Times in protest of Leonhardt's pointing to Hitler's successful economic-stimulus plan.

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The wrong kind of stimulus.
If Foxman wants to complain about Leonhardt's piece, he's got some good material to work with: One thing Leonhardt doesn't mention is that exactly 76 years ago, on April 1, 1933, Hitler's new government urged Germans to boycott Jewish businesses.

That "Judenboycott" was a historic moment that makes the G-20 summit pale in comparison. The history site Finding Dulcinea points out that it was the Nazis' "first government-sanctioned persecution of the Jewish people":

The Judenboycott sprang from Nazi propaganda blaming the Jewish people for a decade of financial depression, a message that had helped Hitler and the Nazi Party rise to power. The boycott lasted only a day and was largely ignored by German consumers.

But the campaign was followed by anti-Semitic laws that severely limited the economic and cultural freedoms of Jewish people in Germany over the following weeks and months. These measures culminated in the extermination of more than 6 million European Jews in the Holocaust.

Yes, that's what makes Leonhardt's history lesson so uncomfortable.