On Sun, Nov 2, 2008 at 11:21 PM, Doug Pensinger <[EMAIL PROTECTED]> wrote:
> On Fri, Oct 31, 2008 at 11:25 AM, John Williams > <[EMAIL PROTECTED]> wrote: > > > And sent unemployment to nearly 25%. Good intentions are no substitute > for good > > decisions. Roosevelt's policies were disastrous for the poor. > > Cite please. I'm pretty sure that unemployment hit 25% during his > first year in office and declined (for the most part) thereafter. > Wikipedia: "Unemployment fell dramatically in Roosevelt's first term, from 25% when he took office to 14.3% in 1937." This was, of course, long before the war had any effect on employment. "The U.S. economy<http://en.wikipedia.org/wiki/Economy_of_the_United_States>grew rapidly during Roosevelt's term. [55] <http://en.wikipedia.org/wiki/Franklin_D._Roosevelt#cite_note-54>However, coming out of the depression, this growth was accompanied by continuing high levels of unemployment<http://en.wikipedia.org/wiki/Unemployment_rate#New_Deal_in_USA.2C_1933-40>; as the median joblessness rate during the New Deal was 17.2%. Throughout his entire term, including the war years, average unemployment was 13%." John had it exactly right, except backwards. Nick _______________________________________________ http://www.mccmedia.com/mailman/listinfo/brin-l
