From a piece written in the NY Times by Adam Cohen.

Repubs are grasping at straws as usual trying desperately to find anything that will stop their party’s erosion.  This time the new talking point is the the New Deal of FDR was a failure and did little to help the country.  Sounds more like revisionists trying to rewrite history.

Conservatives have railed against the New Deal from the start. In 1934, H. L. Mencken was already decrying it as “a saturnalia of expropriation and waste.” When F.D.R. ran for re-election in 1936, a headline in William Randolph Hearst’s newspapers insisted that “Moscow Backs Roosevelt.”

But Americans were not fooled. They knew F.D.R. was on their side in a way that Herbert Hoover and his fellow free-marketers hadn’t been. They could see first-hand the good that Roosevelt’s jobs programs were doing for the Depression’s victims and the slow but unmistakable improvements in the economy.

Anti-New Deal rhetoric has never disappeared from American political life. When Barry Goldwater ran for president in 1964, he attacked President Dwight Eisenhower for having presided over a “dime store New Deal.” But in recent years, the attacks have heated up.

At the start of the Bush administration, conservatives talked openly about rolling back the New Deal. They were trying to unravel the regulatory state, including protections for workers, consumers and investors. They were also promoting a favorite cause of Wall Street’s: privatizing Social Security, the crown jewel of the New Deal.

These days the public is in no mood, given the high costs of deregulation in the mortgage industry and the Bernard Madoff scandal, for more talk about dismantling regulations and federal oversight. But today, the new focus is Mr. Obama’s stimulus package. If F.D.R.’s New Deal spending made things worse, it follows that the Obama administration should not make the same mistake.

The anti-New Deal line is wrong as a matter of economics. F.D.R.’s spending programs did help the economy and created millions of new jobs. The problem, we now know, is not that F.D.R. spent too much priming the pump, but rather that he spent too little. It was his decision to cut back on spending on New Deal programs that brought about a nasty recession in 1937-38.

The second problem is that the criticism overlooks the relief Roosevelt’s programs brought to millions. When F.D.R. took office, unemployment was 25 percent, and families were losing their homes, living in shantytowns, even fighting one another for food at garbage dumps.