RedWingFan wrote:FDR's spending prolonged the depression Dean. What got us out of the Great Depression was WWII.
Unemployment went down every year under FDR until he listened to fiscal hawks and attempted to balance the books.
The result was the recession of 1938.
Your case holds up if you discount all the make work jobs as as not real work, but I happen to think the families of the men who built the Hoover Dam and the Golden Gate Bridge would take issue with that.
RedWingFan wrote:I'll point out the first 7 years that were followed by the Frank/Dodd bubble bursting along with Obama's election poll #'s rising, turning the market to rubble.
Dodd, Frank, ACORN, and the Community Reinvestment Act have very little to do with the burst housing bubble.
The real culprits were the no-money-down, no income, no asset, no credit check unregulated private lenders, whose loans were later sold to investment banks and bundled.
This was borne out by the Fed's report.
http://blogs.wsj.com/economics/2008/12/ ... tment-act/