Posted on 08/25/2009 12:49:30 PM PDT by Cheap_Hessian
Unemployment was at 25% when Roosevelt took office. I’m sorry, but it was a Depression even then. Now, what pushed us into the Depression were the policies of Hoover which were focused primarily on getting credit liquidized without the subsequent job pickups. Now, Roosevelt did nothing to fix it either but what he did do was at least stop the increase of the unemployment rate and he made the American people believe that someone actually did care so that, even if things didn’t exactly improve they didn’t revolt.
Never forget that. Roosevelt’s greatest contribution were not his economic policies, which were only mildly successful but it was the fact that he provided political stability in a time when the country could have easily been swayed from the Republic by a demagogue. You may not like what the Republic has become now but the fact that we even have elections today, even if they are unfair and juiced before hand is because Roosevelt gave the people enough reason to believe that they didn’t go out and put some sort of radical demagogic totalitarian movement in
He should be haunted by the fear of a prison cell.
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