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From: rdz@ccice5.UUCP (Robert D. Zarcone)
Newsgroups: net.politics.theory
Subject: 1933 and Roosevelt, discussion wanted?
Message-ID: <705@ccice5.UUCP>
Date: Fri, 1-Mar-85 11:08:05 EST
Article-I.D.: ccice5.705
Posted: Fri Mar  1 11:08:05 1985
Date-Received: Mon, 4-Mar-85 07:41:30 EST
Distribution: net
Organization: CCI Central Engineering, Rochester, NY
Lines: 17

It has been very fashionable lately for the right-of-center crowd to
praise Roosevelt as a great president (something we left-of-centers'
have known all along!).  But there is no evidence they would act any
differently than Hoover did.  (Too little government intervention,
too late).  I throw these statistics of 1933 out for discussion:

1. 1/4 of the work force was unemployed
2. the wage rate was 3/4 that of 1929
3. 1/5 of the nations banks had failed
4. prices were 3/4 their 1929 level

Roosevelt was trying to solve all these problems *without* deficet
spending (contrary to popular thought) and without the real socialism
Huey Long was getting growing support for.  Anyone want to take this
any further?

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