rightwinger
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- Aug 4, 2009
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- #521
If you count those employed in government relief programs, unemployment was 10 percent1943? Are you kidding?Pathetically stupid thesis rejected and mocked by everyone and anyone with a lick of education and common sense.
Except for the UCLA economists who I daresay are smarter than you
Obviously they are not if they think FDR could have ended the Depression before he even took office
Roosevelt was elected in 1932 the Depression did not end until 1943
I don't know how you can say it ended in 1939 when unemployment in 1939 was HIGHER than it was when FDR took office
Shit FDR's own treasury secretary, Henry Morgenthau, said as much when he said, " “We are spending more than we have ever spent before and it does not work. . . . I say after eight years of this Administration we have just as much unemployment as when we started. . . . And an enormous debt to boot!”"
And read the article
Cole and Ohanian calculate that NIRA and its aftermath account for 60 percent of the weak recovery. Without the policies, they contend that the Depression would have ended in 1936 instead of the year when they believe the slump actually ended: 1943.
In the middle of WWII?
The Depression ended in late 1938 with positive economic growth
It is GDP (GNP) that determines when a depression end ps
So why was unemployment higher in 39 than 33?
In fact FDR', NIRA act was deemed unconstitutional and later reinvented but still allowed collusion that before FDR was illegal and that collusion is still illegal today
Great Depression, Great Recession - Roosevelt Institute
In 1933, the civilian unemployment rate was nearly 25 percent. If we count people in work-relief jobs as employed, the jobless range was about 10 percent by 1940. During FDR’s first term, GDP grew at an annual rate of about 9 percent. The GDP grew about 11 percent annually after 1937-38.