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Originally Posted by Caltex
The economy did eventually recover. It was not due to the New Deal. All capitalist economies eventually recover. The tripling of tax rates, growing the inefficient government, over regulating the economy, and the relentless anti business propaganda all lead to slowing economic recovery.
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Do you actually have statistics that back this up, or are you merely spouting off b/s because you oppose any sort of government presence in the economy and are unwilling to admit how beneficial Roosevelt's policies were? You've claimed that the New Deal made the depression worse, but so far have only shown that it didn't (initially) drastically reduce unemployment levels.
Quote:
Originally Posted by Caltex
Unemployment in 1939 after 6 years of the new deal, unemployment rates were at 17.2%, barely better than at the peak of the depression.
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You're going by Lebergott's estimates. According to those same estimates, unemployment was at 24.9% in 1933. A ~30% decrease in unemployment is not insignificant...
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Originally Posted by Caltex
The Real GDP per capita had a very small return to closing in on previous values.
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Stats?
I don't know about per capita GDP, but the GDP was 101,444 in 1929, 68,337 and 112,961 in 1940 (in millions of 1929 dollars.)
In the years of the New Deal's operation, it almost doubled. I suppose this is a coincidence?
Quote:
Originally Posted by Caltex
Capitalism and its power to create wealth ended the depression, not a huge increase in the size of government, taxing people to death and telling them business's are evil
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You can refuse to believe that Government regulation can foster economic growth all you want, but you'll have to continue ignoring the facts that stare you in the face to do so.