ourfuture.org — Contrary to the anti-government myths and ideology-driven arguments of certain conservatives and mainstream corporate media, the facts show FDR's New Deal quickly brought rapid growth to the nation's economy during the Great Depression.
Feb 5, 2009 View in Crawl 4
danby123Feb 7, 2009
Did you read the submission?
thecoolestguyFeb 7, 2009
America became the strongest, most advanced country in the world in the 19th century due to market economics and low taxes, few regulations.
novenatorFeb 7, 2009
how could I get buried for this benign comment? The graph in the article clearly shows a direct correlation between the New Deal policies and the rebound in the Gross Domestic Product and Industrial production.FTA - Myth and ideology aside, the data show that from 1933 through 1936 the New Deal produced double-digit annual growth in GDP, production, after-tax income and private investment, with strong consumer spending and job growth exceeding their peaks in the 1929 bubble.
tao52nycFeb 8, 2009
There hasn't been an "unregulated free market economy" since the War of 1812. It's too important for statists to manipulate the economy to serve their own ends at our expense. It started with fractional reserve banking. The entire system is unraveling before us, and no amount of Obama shoveling useless printed up cash at everyone out of helicopters will affect what is to come.
nosocialismFeb 11, 2009
Problem is, kids are not taught the facts, because the left leaning Liberals are writing the History books.<a class="user" href="http://digg.com/political_opinion/48_Liberal_Lies_About_American_History_3">http://digg.com/political_opinion/48_Liberal_Lies_ ...</a>
advocate7x70Feb 11, 2009
Obama told the nation at his press conference that "Job creation" is the metric we should be using to measure success with the stimulus bill. So I ask the Digg community a couple of questions:Was Obama right because this article is proven wrong if he was and the New Deal didn't fix the Great Depression?Was Obama wrong, which shows he should not be making major economic decisions for the entire nation?Maybe he was just winging it and is totally ill-equipped to be the leader of the free world?
mrmudgeonMay 23, 2009
Yeah, I am real impressed by what Roosevelt did. I also have alot of quibbles with the article. For example, no inflation adjustment was included and our currency was debased. Also, unemployment was 15% in 1941. Yeah, real good job there. Yeah.
rothbardosaurusSep 9, 2009
Those GDP numbers measured every cent of government spending as adding to GDP. The graph is meaningless. Ask people who were there in 1944 if they thought the previous 11 years represented rapid economic growth, with the wage caps, rationing and gold confiscation.
rothbardosaurusSep 9, 2009
Anybody with the most basic understanding of economics.I've never heard a more asinine assertion.Government spending dropped precipitously in 1946 and the economy had its biggest sustained boom in history.Also, 1920-1921 had a crash bigger than 1929. The government and Fed did nothing. Crisis was over in a year.