NYcarbineer
Diamond Member
6. Maybe the stock market improved?
Nope. The value of all stocks dropped almost half from 1937-1939
7. Harding had cut federal spending big time! FDR? The United States had budget surpluses in 1930 and 1931, with a $16 billion dollar national debt in 1931. By the end of the decade the debt had ballooned to over $40 billion.
Guess which economic whiz ballooned the current debt to over $18 TRILLION?
Can't imagine who the morons were who voted for this wind bag.
a. From 1776 to 1931, the spending to support seven wars and at least five recessions was more than offset by the debt of Roosevelt's regime. Amazing? In less than a decade the financial wizardry of Franklin the First, said debt grew more than in the previous 150 years.
Folsom, Op. Cit.
Harding cut spending after WWI ended? lol, stop the presses.