Monday, March 02, 2009

Obama, FDR & the New Deal

What Obama (and Everyone Else) Can Lean from FDR & the New Deal

The Right-Wing is rewriting history again! FDR & the New Deal CUT unemployment (by 9 % 1933-1940)) and increased GDP. The recovery slowed only after FDR gave in to his critics and tried to cut government spending. The increased government spending for WW II got things going again. It took MORE government investment ("stimulus") to get of the Depression NOT LESS!

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