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Friday February 10th 2012

Political Spin: The ‘New Deal’ did squat! … The Truth: It did more than you think.

new_deal

Michael Tomasky/Guardian.co.uk – We’re enduring a lot of spin these days from conservatives about how the New Deal did nothing to alleviate jobs. It wasn’t until World War II, they say, that the Depression ended and unemployment went down. The idea, of course, is that government spending won’t do a thing to alleviate our problem or create jobs.

They’re getting their talking points from Amity Shlaes, the American conservative who wrote an attack on New Deal economic policy a while back that the right just eats up. Texas GOP Senator Kay Bailey Hutchison trotted this horse out in an op-ed yesterday in the Austin American-Statesman. Hutchison, and Shlaes and conservatives generally, are wrong.

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