ST Alpha - "what i can't figure out is how massive deficit spending on one world war was enough to pull us out of the great depression" (Reading a Post)

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In response to "breaking: nobel peace prize winner has covert war going in yemen, ups record for wars actively engaged in to 4...nm" by x

what i can't figure out is how massive deficit spending on one world war was enough to pull us out of the great depression

Posted by moles (aka chris) Jun 9 '11, 03:48

but spending $1 trillion over twice as long a period on Iraq and Afghanistan hasn't done shit for this recovery

Responses:

Less outsourcing back then. -- nm - Beryllium Jun 9, 06:13 1
- defense stuff rarely gets outsourced. then spending meant many factory jobs, now it hours into the engineering which is made largely by robots. -- nm - zork Jun 9, 06:24
1945 defense spending was about $800 billion in today's money, and close to 38% of GDP. - mafic Jun 9, 04:11
um....things were different then?....nm - x Jun 9, 03:58

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