AnnECUCherry
Member
- Apr 3, 2009
- 302
- 16
- 16
I knew this would happen once they stopped teaching logic.
Where's the logic in your attacking me because you used publicly available information incorrectly?
OK, let's try again. Unemployment was 17.4% under Hoover. It was called the Great Depression. With me so far?
FDR instituted huge publicly funded programs, such that we would call a Stimulus Plan today. He increased the government's portion of GDP from 2 % to 9 %. He increased it by 360%! The result: no perceptible improvement: unemployment, seven years later, was - guess what- 17.4%.
There is no import to the point that it grew to 24% while he was was "correcting" the unemployment."
Does unemployment represent an important factor in deciding if the New Deal was effective? Let FDR decide:
March 4, 1933, in his first Inaugural Address, FDR said Our greatest primary task is to put people to work. This meant that the New Deal was a wretched, ill-conceived failure.
Get it?
I can explain it to you, but I can't comprehend it for you.
You continue to use the incorrect base figure for comparing unemployment rates.
The correct figure is 25%, as I have already pointed out.