It was horrible because of the time he implemented it. He put in tons of government programs during the great depression. A time when no one had money and the economy was at an all time low. Who pays for government programs? The people do, through taxes. Seeing as the people had barely enough money to live, paying higher taxes didnt help. When they payed these taxes, thats less money they could have possibly put back into the economy though spending, which would have naturally made its way back up.