>Is there a sudden bout of illiteracy occurring here? Please re-read my >statement. In 1930, unemployment was 8.7%. In 1939, unemployment was 17.3%.
Here's what you said previously: > The economy at the end of the 1930's was FAR worse than the economy at > the beginning of the 1930's. Last I checked 1932 was at the beginning of the 1930's. Unless in your mind math works differently. As for the insult, well its pretty obvious that you start using insults when you've been digging your self deeper and deeper into a sh*thole. But the point remains, in 1932 the unemployment rate at the height of the depression was almost 25%. This was well before the start of the New Deal (which started in 1934). So your premise is simply incorrect. Roosevelt's New Deal was in response to the economy tanking and unemployment shooting up from almost 9% to almost 25%. In 1936 the unemployment rate fell to 16.9%, a couple of years after the implementation of the New Deal. So Roosevelt cut back on government spending which created a recession that had unemployment jump to 19%. Please note I did not discuss how the GDP followed a similar pattern. It plummeted in 1930-1932, increased again with the inception of the New Deal and dropped again following the withdrawal of some government intervention. So what we have here is a classic A-B-A quasi-experimental design. With the withdrawal of the controlling variable, the dependent variable, here unemployment rate, starts to climb back up to the original baseline level. I think the data is pretty clear on this. You are incorrect. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;207172674;29440083;f Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:278305 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5
