Jackson50 on 18 September 2008
I can understand why you cling to the view that Roosevelt's New Deal ended the Depression and brought unparalleled economic success. Many people are fond of FDR. Unfortunately, the New Deal never brought long-term economic success. The minute he stopped spending, the unemployment went up and the economy contracted again. The massive consumption of capital and other policies only impinged upon the private markets. Had Roosevelt kept to his campaign promises in 1932 to balance the budget and remove the barriers to free trade that Hoover supported, then I would have a more positive view of his legacy.
