Now these are rather sugar-coated as political statements and goals are wont to be, because the earlier reference to the Conservative Coalition states that the Manifesto included several statements of conservative philosophical tenets, including the line "Give enterprise a chance, and I will give you the guarantees of a happy and prosperous America." The document called for a balanced federal budget, state's rights, and an end to labor union violence and coercion.
Now this is where I started holding my head in my hands. A liberal president is elected to clean up an epic economic mess left by the preceding conservative administration, and he passes policies to fix the mess. A new conservative movement that is strongly opposed to the liberal president's policies, and they are dead set in their support of things like tax cuts (and capital gains cuts), states' rights, union marginalization; and even though the Republican core of their organization is the minority party in Congress, they are able to get conservative Democrats to support them and use procedural obstruction to get their way in Congress!
Is this sounding familiar yet? But what follows is really what bothers me, because FDR was never able to ever fully implement his New Deal policies thanks to the Conservative Coalition. It took WWII to do that!
America's entry into the war in 1941 finally eliminated the last effects from the Great Depression and brought the unemployment rate down below 10%. In the U.S., massive war spending doubled economic growth rates, either masking the effects of the Depression or essentially ending the Depression. Businessmen ignored the mounting national debt and heavy new taxes, redoubling their efforts for greater output to take advantage of generous government contracts.
I've said for some time that WWII was the greatest taxpayer-funded stimulus in history and as such it was quite successful, and the reference seems to validate my claim. Of course, not all economists agree about all this. But the Keynesian view fits the entire process much more closely than the view of the Austrian school that has to tap-dance to explain away this or that problem.