Government Spending Didn't Work in 1930s, and Won't Work Now. "Liberals like to say the New Deal programs of their hero Franklin Delano Roosevelt saved America from the Great Depression. All of that government spending, they argue, gave Americans jobs and boosted the economy.
The numbers don’t tell the same story. As I explained last week, unemployment data from the 1930s — during FDR’s first two terms — remained above 20% despite New Deal spending. "
You know what they say about those that don't learn from history...
