Re:Fed to buy junk bonds, lend to states in fresh virus support
by toomuchtodo on Thursday April 09, 2020 @08:17PM
(#22828631)
The New Deal was so effective, FDR served as POTUS for four terms, and is the reason we now have term limits.
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Re:Fed to buy junk bonds, lend to states in fresh virus support
by philwelch on Thursday April 09, 2020 @09:41PM
(#22829076)
FDR was effective at getting himself elected to office. Double-digit employment persisted until the Second World War, which the US only entered during his third term. It's a great political achievement to get elected to a third term as President despite unemployment remaining above 10% for the entirety of your first two terms, but that doesn't erase unemployment remaining above 10% for the entirety of FDR's first two terms.
Re:Fed to buy junk bonds, lend to states in fresh virus support
by dantheman on Friday April 10, 2020 @03:23PM
(#22836449)
Yeah, FDR was so effective that when the supreme court ruled his actions unconstitutional, he threatened to pack the court with his own appointees and now there are practically no limits on what the federal government can do.
https://en.wikipedia.org/wiki/Judicial_Procedures_Reform_Bil...