And, that's completely absurd. Well before the wartime economy the unemployment rate was cut in half and private investment increased once he was able to institute New Deal policies.
Originally Posted by blenderboy5
It was when he jumped the gun and tried to re-institute government cutbacks and balance the budget that things slowed (Recession of 1937).
Sure, the wartime economy helped speed things up -- but even then it was due to a nationalized effort spearheaded by FDR to produce materials for the war.
Saying that the New Deal failed is a completely ridiculous statement and is nothing more than conservative revisionism. There's a reason he was, and remains, popular.
Last edited by SmthBluCitrus; 02-11-2009 at 12:58 PM.
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