Tuesday, November 15, 2011
Apoplexy Inducing Chart of the Month
Remember when the Democrats were all up in arms about how badly the economy was doing after the start-of-his-term Bush recession, compounded by the 9-11 terror attack a few months later? Ubi sunt nunc?
The popular notion is that FDR ended the Great Depression by superb leadership. That's 180 degrees wrong. The leadership of both Hoover and FDR, and the Democratic House and Senate after 1933, was so abysmal that a little recession was prolonged and unemployment sunk to 18% or worse for the better part of a decade.
Looks like the hope and change policies of the current administration are looking to beat the government induced misery record set by Hoover and FDR. I'm not betting against it happening, at least for length of recovery.