"unemployment did not decrease during reagans administration , it increased . and the deficit remained extremely high until clinton 's administration . can you please respond to FDR and his New Deal that saved the country ?"
"FDR saved this country ? If I recall , it was in 1933 that , because of a combination of weakened capital situations from Reconstruction Finance Corporation loans which published lists of the loan takers , and a nation-wide banking holiday , banks around the country went through a new wave of demise , dropping the D/C and D/R ratios so sharply that , in one month alone , the money stock ( M2 ) fell a whopping 4 1/2 % . Wasnt it under FDR that the NIRA codes , and , after 1935 , the NLRA , enacted minimum wages , driving up nominal wages and thus unemployment ? Wasnt it during FDR administration that the reserve ratio was * doubled * , sending us back into another recession starting 1937 ? The only thing FDR `` saved `` was the depression for a couple more years . -GFA"
"can you please respond to FDR and his New Deal that saved the country ?"
"FDR saved this country ? , Wasnt it under FDR that the NIRA codes Wasnt it during FDR administration that the reserve ratio was * doubled * , sending us back into another recession starting 1937 ? ``"