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Politics : Welcome to Slider's Dugout
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To: Mannie who wrote (14939)1/31/2009 1:56:27 PM
From: Northern Marlin8 Recommendations  Read Replies (2) of 50330
 
Actually, government spending, initiated by Hoover and embellished by Roosevelt, prolonged the Great Depression. It was not until 1946 that the depression ended. I realize this is opposed to everything you and I were taught in government schools. But honestly, what government agency is going to approve a history or economics text which teaches students that government intervention stifles economic growth?

Do you really see World War II as a giant stimulus package? Government forced millions of its citizens to leave the country, many to die or be injured (I guess you could say that solved the unemployment problem!). Government intervened in the economy to obtain war materiel, resulting in a drastic reduction in the production of consumer goods (That doesn’t sound very stimulating to me!).

It wasn’t until 1946, when government cut down its intervention in the economy, that the country experienced a boom.
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