And he was completely right. It wasn't.
We have never gotten out of a major recession without a spurt of government spending. Yet this one, we did the exact opposite of what the situation called for.
No other recession elicited this much spending. And the more money spent, the worse the results. SO it is not surprising that having spent more money than ever before, we got the worst results.
Dems are losers.
Not true. In terms of spending to GDP and spending to Debt, FDR percentually spent much, much more.
You do realize that $1,000,000 in 1933 was a helluva lot more money than today, right?
So, you can never do a 1:1 dollar to dollar comparison between economies from different eras, that never works. But the percentual analysis does.
Righties who do not understand this are absolute fools. Like you.
I meant post war of course. BUt thanks for making my case. The more government spends, the worse the recession. FDR's policies, like Obama's, took a recession and turned it into calamity. Had Obama done nothing we would have had growth starting in his second quarter.