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U.S. Rep. Austria blames Depression on Roosevelt
Tuesday,
February 10, 2009 7:36 AM
DispatchPolitics
U.S. Rep. Steve Austria said he supports a scaled-down federal economic-stimulus proposal, but
the Beavercreek Republican told
The Dispatch editorial board that the huge influx of money into the economy
could have a negative effect.
"When (President Franklin) Roosevelt did this, he put our country into a Great Depression," Austria said. "He tried to borrow and spend, he tried to use the Keynesian approach, and our country ended up in a Great Depression. That's just history." Most historians date the beginning of the Great Depression at or shortly after the stock-market crash of 1929; Roosevelt took office in 1933. -- Darrel Rowland drowland@dispatch.com Story toolsToday’s Top Stories
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