The Forgotten Math: Pre-WWII New Deal Saw Biggest Drop In Unemployment Rate in Americ

The Forgotten Math: Pre-WWII New Deal Saw Biggest Drop In Unemployment Rate in Americ

01-08-2009, 06:08 AM

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hammersley

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Join Date: Jul 2000 Location: Camas, Wa USA Posts: 3,701 Old Reader's Rigs Gallery

The Forgotten Math: Pre-WWII New Deal Saw Biggest Drop In Unemployment Rate in Americ

Can you believe it.....Fox News WRONG.

what's this world coming to.....

The Forgotten Math: Pre-WWII New Deal Saw Biggest Drop In Unemployment Rate in American History | OurFuture.org

On Christmas Eve, I (David Sirota) appeared on Fox News to discuss the upcoming economic recovery package, only to be told that FDR's New Deal "prolonged the Great Depression" (you can watch the clip here). This is the latest consevative talking point - one specifically aimed at stopping President Obama and the new Congress from passing a New Deal-sized package of public spending.

And so after appearing on Fox, I decided to devote my first newspaper column in the New Year to looking into whether conservatives have any shred of evidence to support their claim that the New Deal prolonged the Great Depression. And what do you know, they don't...at all. In fact, as government data shows, the pre-WWII New Deal era from 1933-1940 - even including the much-hyped recession of 1937-38 - saw the single biggest drop in the unemployment rate in American history (skip down to see the graphs and data that conservatives want us to forget).

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