Quote:
Originally Posted by whell
The party of the working class did not do the unemployed any favors during the 1930's. Of course this assumes that the government can have a positive impact on capital utilization and job creation, which is pretty debatable IMHO.
http://www.sjsu.edu/faculty/watkins/recovery.htm |
When did Roosevelt take office? What happened to the employment rate subsequently? Same for GDP.
Then as now, Conservatives blame Democratic policies for creating hesitancy in the investor class. It's more likely in my view that investors were simply hesitant to "get back on the horse" that had bucked them off so rudely in 1929. Also, it's important to remember that, then as now, the policies of successive Republican administrations had sown the seeds of disaster for the economy but, then as now, Republicans did their damnedest to obstruct the Roosevelt Administrations efforts for reform and recovery through the new deal. Had it not been for that, Roosevelt's policies would have been implemented sooner and the recovery would have proceeded more rapidly.
But I like the big letters. They're swell!
John