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.
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