2729 days ago,
The anchor's reaction to the word Fascism is typical. An emotional response. Fascio is an Italian word that means 'BUNDLE.' It is yet another collectivist ideology. It is the bundling of industry to eliminate the uncertainty of free market competition. (who fears change?)
This was the driving force behind the New Deal, not spending. Massive spending was a tool to create inflation which would make prices rise and, in theory, wages. FDR and his 'brain trust' blamed competition just as the Fascists. They praised and envied the efficiency of Fascism.
In the name of efficiency, FDR violated monopoly and anti-trust laws to 'BUNDLE' industries together. 'Regulations' were imposed to limit competition and control production in the name of stability.
WW2 brought us out of the depression because FDR was forced to abandon his theory of regressive economic regulations and our economy was ALLOWED to function.