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Herbert Hoover was president during the stock market crash of 1929 which threw the country into a deep recession. Roosevelt was elected president, and immediately increased spending (think WPA, TVA, etc.). Ok, he provided a lot of jobs for people who didn't have jobs. They built ski lodges (people go skiing in a down economy?), etc. Tax dollars provided the wages for these people.
Roosevelt is largely responsible for almost bringing America to its knees in the Great Depression. And the rest of the global economy followed.
Not predicting anything as it pertains to Obama's spending and 'share the wealth' plans. Just sayin'