Fidelity head slams "New Deal II" and Government Spending

Blames feds for crisis, derides U.S. spending

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...

Boston Herald: Fidelity head slams "New Deal II" and Government Spending