Still more GD

DeLong is writing about the idea that Roosevelt entered office, expanded government spending and solved the GD. So here we are, Roosevelt took office on Mar 33. The red line is DC current spending and it looks to be trending down since March 33.  Yet,  GDP seems to be trending up.

Update: I needed a closer look at growth rates, so a wiki site pointed me to the rise in farm prices and industrial production jumped coincidently when Roosevelt took office. Then GDP stayed relatively calm for Roosevelt's first term in office.

Brad also mentions the gold thing. DC did not change the gold standard until growth was well established. But the growth started in Hoover's last year of office. And then, Roosevelt simply started buying gold again. It is more likely gold holders took their gold to the spot they found growth. I see nothing in these charts to validate Brad's claim. 

This chart adds some credibility. Unemployment did not start to return to normal until 1934. So, then the test is to determine if this was a lagged gain in employment from growth or from Roosevelt. I dunno.