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To: mc5cents
The New Deal was a psychological bandaid that FDR employed to cover up his inability to properly address terrible economic times.

It was dumb decision when the Feds raised the top tax rates in 1932, from 25% to 63%, with unemployment was at 23.6%. Things started picking up a wee bit by the mid-1930s. Unemployment was at 16.9% in 1936. That ended in 1936 when FDR decided to increase the top tax rates from 63% to 79% and onto 81% by 1940. In 1938 unemployment was at 19%. As the US started to ramp up manufacturing for WWII and our allies, unemployment dropped to 14.6% in 1940, 4.7% in 1942 and 1.2% in 1944.

Thanks to Hitler, Mussolini and Japan, happy days were here again! LOL

31 posted on 11/20/2008 2:06:56 PM PST by Reagan Man ("In this present crisis, government is not the solution to our problem; government is the problem.")
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To: Reagan Man
FDR employed to cover up his inability to properly address terrible economic times.

The taxpayers today are still paying for his blunder.

32 posted on 11/20/2008 2:12:06 PM PST by concerned about politics ("Get thee behind me, Liberal")
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