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Politics : View from the Center and Left
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To: Sam who wrote (164170)6/15/2011 10:13:36 AM
From: Wharf Rat  Read Replies (2) of 541472
 
"By 1936, the U.S. economy had regained the ground it lost during the devastating 1929-33 period. In 1937, the economy slipped into a sharp recession and shrank 3.4 percent. But it returned to growth, and the economy enjoyed several more years of extremely rapid growth."

Why? In '37, FDR believed the people who said he needed to balance the budget instead of stimulate the economy. Obama's one FDR moment. Or, FDR's one Obama moment.
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