Re: fiscal policy of Different Presidents
Certainly Roosvelt with his CCC, WPA, etc. helped the economy. Even with that, unemployment stayed above 14% for 10 years. Consumption fell 20%, Investment fell 87% and Trade(due to the Smoot-Hawley Act of 1930 which raised tariffs an average of 65%) fell 75%. John Maynard Keynes would have said that Roosevelt should have stimulated the economy even more with government spending.
The Golden Age of Fiscal Policy was during the Kennedy-Johnson administrations when a $10 billion tax cut brought the U.S. out of the recession and inflation stayed around 2%.
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