-A Little Historical Perspective-In FDR's 1st year unemployment grew from 23.6% to 24.9%

[mikekohr]

By the end of FDR's second year in office in 1934, he began to turn the corner on the LONG road back to recovery:
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see:http://www.huppi.com/kangaroo/Timeline.htm

1934
Congress authorizes creation of the Federal Communications
Commission, the National Mediation Board and the Securities
and Exchange Commission. (More)
Congress passes the Securities and Exchange Act and the Trade
Agreement Act. (More)
The economy turns around: GNP rises 7.7 percent, and
unemployment falls to 21.7 percent. A long road to recovery
begins.
Sweden becomes the first nation to recover fully from the
Great Depression. It has followed a policy of Keynesian
deficit spending. (More)
1935
The Supreme Court declares the National Recovery
Administration to be unconstitutional.
Congress authorizes creation of the Works Progress
Administration, the National Labor Relations Board and the
Rural Electrification Administration. (More)
Congress passes the Banking Act of 1935, the Emergency Relief
Appropriation Act, the National Labor Relations Act, and the
Social Security Act. (More)
Economic recovery continues: the GNP grows another 8.1
percent, and unemployment falls to 20.1 percent.
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The key differance here is that President Obama took office
as the economy was teetering on the edge of economic
depression, FDR inherited the historic standard of economic
failure. With a little historical perspective it becomes
clear that President Obama has mirrored the economic
accomplishments of President Roosevelt as far as these
differing scenarios allow for comparison.
FDR had critics on the right and on the left, and his
administration like President Obama's was not perfect, but
then nothing touched by human hands ever is. The key
sentence in the above timeline and link is under 1934,
"A long road to recovery begins." And the adjective
"long," is the key word in that key sentence.
If we want to avoid the drawn-out, agonizing pain of economic
recovery we have to quit electing the people, whose economic policies have been in
place when 9 of the last 10 recessions began: Republicans.
see:
http://bureaucountydems.blogspot.com/p/history-of-recessions.html

mike kohr
Bureau County Democrats
http://bureaucountydems.blogspot.com