Numbers of unemployed.
1933: 12.8 million
1939: 9.2 million
'Nuff said. The New Deal worked. Roosevelt took office in 1933, so PC is engaging in some deliberate statistical trickery by using 1931 as a starting benchmark.
There was a second lesser economic downturn in 1937-1938. Right after several New Deal jobs programs were drastically cut. Go fig.
I think the funniest part is how the anti-Keynesians say jobs programs didn't work, but WWII did. Except WWII was, as seen by the economy, a huge jobs program. Apparently government spending to build bombs creates jobs, but government spending to build permanent infrastructure doesn't.
1933: 12.8 million
1939: 9.2 million
'Nuff said. The New Deal worked. Roosevelt took office in 1933, so PC is engaging in some deliberate statistical trickery by using 1931 as a starting benchmark.
There was a second lesser economic downturn in 1937-1938. Right after several New Deal jobs programs were drastically cut. Go fig.
I think the funniest part is how the anti-Keynesians say jobs programs didn't work, but WWII did. Except WWII was, as seen by the economy, a huge jobs program. Apparently government spending to build bombs creates jobs, but government spending to build permanent infrastructure doesn't.