You'll hear it a lot from Republican spinmasters...
Richard's Real Estate and Urban Economics Blog: Peter Wallison: Opinions without Data
He writes in his screed against financial regulation:In the rapturous days after Barack Obama's victory and the Democratic congressional sweep that accompanied it, House Financial Services Committee Chairman Barney Frank declared that the new Congress would enact a "new New Deal." Few people really thought at the time that he or his party meant this seriously. After all, the original New Deal—as anyone who has read history knows—failed to revive the economy. Indeed, the modern era of rapid economic growth commenced after both Democratic and Republican presidents undertook to lift costly and stultifying New Deal regulations.
Using the National Income and Products Account, I looked at real annual GDP growth between 1933 and 1980 (the stultifying years) and 1980 to 2009 (the "rapid economic growth" years). Between 1933 and 1980, GDP grew by about 8-fold, or more than 4 percent per year (actually 4.5 percent per year). Between 1980 and 2009, real GDP did slightly better than doubling, or 2.7 percent per year. I try to respect people whose points-of-view differ from mine, but who decides to let this guy waste ink?
I'm curious as to why you chose such a large time period for the "stultifying years." I think these growth rates might be inflated by the post-war boom, when new deal policies weren't as central to domestic government. I just don't think many conservatives are referring to the 50's and 60s' when they say "the New Deal"
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