Liberal pushback in the popular press against "right-wing
revisionism" concerning the New Deal has begun. Scott Lehigh of
the Boston Globe
accuses the "revisionists" of cherry-picking data: citing
unemployment figures that exclude public-works employees, quoting
FDR's treasury secretary saying all the federal spending hadn't
produced a recovery, and using misleading years as benchmarks for
unemployment. Lehigh argues that unemployment actually dropped
between 1933 and 1937, only spiking again once federal spending
was cut.
There are a few problems with all this -- some long-term public
works jobs are actually included in the unemployment figures, for
example -- but let's start by looking at Lehigh's own
cherrypicking. Here are the unemployment figures from 1930 to
1939:
Awfully convenient to cite 1937 as a benchmark year, isn't it?
True, the numbers do show a "steady decline" in the jobless rate.
But unemployment was over 20 percent for most of the period
Lehigh cites and never drops below 14 percent after 1930. Some of
the New Deal revisionist arguments may well be overstated -- as
are some advanced by the counter-revisionists.