There’s been some interest in comments regarding how I square my economic determinist accounts of politics with the 1934 congressional elections in which Democrats scored big wins despite the Depression still being sucky. Look at this chart of employment:
The absolute level in 1934 was very bad, but there was sharp improvement at the time, reversing years of collapse and stagnation. By contrast the recession of the early 1990s was followed by a so-called “jobless recovery.”
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