The end of the New Deal?

The GOP's economic program is an effort to destroy the architecture of social justice and corporate responsibility in America

Robert Shrum

America was rescued from the Great Depression by the New Deal — and then pushed back into recession when Franklin Roosevelt briefly and prematurely moved toward a balanced budget. Three-quarters of a century later, a second depression was averted by an act of government that did more and spent more to counter a collapse in consumer demand and the credit markets. It briefly seemed that we as a nation had learned the imperative that FDR expressed on Inauguration Day in 1933 — the necessity for "action, and action now."

But FDR had come to office more than three years into a catastrophic downturn. Americans rallied to the hope he brought, but didn't expect an instant turnaround.

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up
To continue reading this article...
Continue reading this article and get limited website access each month.
Get unlimited website access, exclusive newsletters plus much more.
Cancel or pause at any time.
Already a subscriber to The Week?
Not sure which email you used for your subscription? Contact us