Legal Commentary

The New Deal Record

By Big Tent Democrat

Devilstower writes a great post. Really great post. Go read it. Here's a bit:

Where was the stimulus? Just take a look. From the moment FDR began to enact the programs of the New Deal, the economy began its recovery. After four years of steady declines, Roosevelt's programs brought on an immediate improvement in the national fortune. Within three years, the national GDP exceeded the level in 1929. By the time the bombs fell at Pearl Harbor, the GDP had been up every year but one since 1933, and that one downward tick in 1937 marks the exact point at which budget hawks forced cuts in the New Deal programs.That's the story the numbers tell. The New Deal worked, worked well, and worked quickly

This is an Open Thread.

Full post as published by TalkLeft on February 09, 2009 (boomark / email).