(November 6, 2016 at 7:34 pm)abaris Wrote:(November 6, 2016 at 6:50 pm)Thumpalumpacus Wrote: True, but there was a significant isolationist segment that he couldn't afford to ignore politically.
And the rather sad truth is, the Great Depression only ended when he resorted to finance the military industrial complex. The New Deal wasn't that succesful on it's own merit.
'Twas a lot more successful than what its republitard and Chicago School detractors made out. The biggest problem with the New Deal was that FDR pulled the plug on it too quickly, thinking that the US economy had actually recovered enough that private enterprise was now driving the economy (coupled with a tendency within US mentalities to consider that government is "never no good", stupid ideology that) and cut back on the New Deal in 1937 leading to a second depression which lasted until the US government started putting in big orders for machines of war.
The whole period between 1929 and 1939 puts the lie to the ideology which currently holds sway in politics and economics that government involvement in the economy is a bad thing. The way the world has worked for at least the last 100 years it is necessary for governments to be the largest single component within an economy.
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