bendog
Diamond Member
- Mar 4, 2013
- 46,582
- 9,822
There is no arguing that the numbers and the economic climate improved dramatically as the result of the New Deal. During the first term unemployment dropped by 15 percentage points. Gross national product went from $55 billion to $85 billion. Purchase of consumer goods went from $45 billion to $65 billion. Private investment in industry went from $2 billion to $10 billion. All accomplished over a six-year period prior to the onset of the wartime economy.
Trying to re-write history to meet a current political philosophy just doesn't work. Too many people know better.
As the crisis lessened - the New Deal had a reverse effect. And Many of those gains were lost. Which is why I said that it was a good emergency response - but not a good "business-as-usual" policy. The numbers clearly back that up.
Hardly... it did not 'improve dramatically as a result of the new deal'.. and this has been shown time and time again by numerous people...
It was a horrid emergency response as it was not the job of the federal government.... many things from the new deal plague us still today.. it was one of the greatest over-reaches in our governmental history
The numbers show the dramatic improvement - no matter how many revisionists try to say different - the numbers are right there. I've never found opinions to be more persuasive than the actual numbers.
There are New Deal programs alive that I think should have expired when the emergency past (as I posted before).
Ah, time for another graph! LOL
60 Years of American Economic History, Told in 1 Graph - Jordan Weissmann - The Atlantic