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02-11-2009, 07:51 PM
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Banned
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Join Date: Dec 2007
Posts: 31,124
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Did FDR's New Deal Prolong the Great Depression?
I found this interesting....
The truth about stimulus and the Depression
Did FDR's New Deal prolong the Great Depression, as some critics of Obama's 'new New Deal' argue?
By Jia Lynn Yang, writer reporter
February 11, 2009: 6:03 AM ET
NEW YORK (Fortune) -- You often hear President Obama's stimulus plan referred to as the new New Deal. So it shouldn't come as a surprise that some critics of the stimulus aren't big fans of Franklin Roosevelt either. In fact, if you've been following the debate, you may have heard a surprising number of people put forth the notion that the New Deal actually prolonged the Great Depression.
If that doesn't sound like anything your high school history teacher taught you, you're not alone. So let's take a closer look at what the New Deal's critics are claiming.
http://money.cnn.com/2009/02/10/news...ion=2009021106
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