Ed Driscoll

Unemployment In The 1930s

Found via the Corner, the Heritage Institute has produced an eye-opening graphic on unemployment in the 1930s, which notes that FDR’s New Deal programs never drove unemployment under 20 percent until the US geared up for WWII. The left have been calling for a New New Deal since at least the spring of 2008 before the economic turbulence of the fall, and Obama is more than happy to oblige and spend a lot more taxpayer funds. It’s never worked, but why let history stop you?

newdealunemploy.jpg


Update: It’s also worth noting that the economy was “pre-socialized” by President Bush in the last months of his administration. There’s often much more continuity in presidents with seemingly disparate policies than first meets the eye.