Unemployment Under the FDR Stimulus Plan
1930- 8.9 %
1931- 15.9
1932- 23.6
1933- 24.9
1934- 21.7
1935- 20.1
1936- 17.0
1937- 14.3
1938- 19.0
1939- 17.2
1940- 14.6
1941- 9.9
1942- 4.7
UCLA economists Harold Cole and Lee Ohanian found that FDR’s ill conceived stimulus plan added 7 years to the Depression. By artificially inflating prices and wages the “New Deal short circuited the markets self correcting mechanism.”
From Mark Levin’s “Freedom and Tyranny”
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