Presidential Royal Rumble

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Presidential Royal Rumble

Hail to the Chief(s)!

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[SeaCalMaster]

"The New Deal crippled what little was left of the economy..."

That is false. According to http://en.wikipedia.org/wiki/New_Deal#Recovery_2, the economy grew an average of 7.7% each year following the adoption of the New Deal.

 

[NiPah]

Now, I'll admit, The Jungle made me more hungry than outraged, but while Teddy freaked out and passed a handful of regulations as a result, the actual book was heavily fictionalized as, you know, fiction books usually are.

Could you clarify what was was and was not fictional in the Jungle?

 

[BlindChance]

"The New Deal crippled what little was left of the economy..."

That is false. According to http://en.wikipedia.org/wiki/New_Deal#Recovery_2, the economy grew an average of 7.7% each year following the adoption of the New Deal.

Yeah. The effects of the New Deal, how much it helped/harmed the US economy and the longer lasting effects are a source of massive dispute among economic historians, and that glib quip grossly misrepresents the discussions surrounding it. Depending on how you phrase the question, either about half or about a quarter of economic historians believe the New Deal harmed the economy.