Quote of the Day
“When (President Franklin) Roosevelt did this, he put our country into a Great Depression. He tried to borrow and spend, he tried to use the Keynesian approach, and our country ended up in a Great Depression. That’s just history.”
-- Rep. Steve Austria (R-OH)
That's just history? In what mental asylum? Back in the day, I was forced to take so much U.S. history that I became sick of it. Have they stopped teaching it? I don't know where the GOP finds clueless idiots like Austria, but you really have to marvel at the sheer depth of the ignorance!
That's just history? In what mental asylum? Back in the day, I was forced to take so much U.S. history that I became sick of it. Have they stopped teaching it? I don't know where the GOP finds clueless idiots like Austria, but you really have to marvel at the sheer depth of the ignorance!
The Columbus Dispatch then notes, “Most historians date the beginning of the Great Depression at or shortly after the stock-market crash of 1929; Roosevelt took office in 1933.” As Dean Baker has explained, “Roosevelt’s New Deal Agenda lowered the unemployment rate from 25 percent in 1933 to 10 percent in 1937.” The economy turned bad again when the “Blue Dogs of the Roosevelt era won sway and got Roosevelt to cut spending and raise taxes.”
Stimulus Politics Jobs News Democratic Obama Recession Depression FDR Steve Austria Great Depression
