Dig. In a column called “Random Thoughts? Sowell wrote of FDR and asked incredulously: “How can a President of the United States be re-elected in a landslide after four years when unemployment never fell below 15% for even one month during his first term??br />
Good one, Tommy.
Let’s see if we can unravel this enigma, shall we? OK.
First, notice how Sowell doesn’t even bother to mention that U.S. was in the throes of that little jam known as the Great Depression, and had been since 1929. Note, too, how Sowell doesn’t say what the unemployment rate was when the great Herbert Hoover left office and the awful Franklin Roosevelt took office. In 1933, when FDR became President the national unemployment rate was Twenty-Five Percent! One quarter of the nation was out of work.
Let’s see if we can unravel this enigma, shall we? OK.
First, notice how Sowell doesn’t even bother to mention that U.S. was in the throes of that little jam known as the Great Depression, and had been since 1929. Note, too, how Sowell doesn’t say what the unemployment rate was when the great Herbert Hoover left office and the awful Franklin Roosevelt took office. In 1933, when FDR became President the national unemployment rate was Twenty-Five Percent! One quarter of the nation was out of work.