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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: Steve Lokness who wrote (95775)3/26/2009 8:32:37 PM
From: koan  Read Replies (2) of 116555
 
>>
10 times as many jobs created.

I suppose you mean funded through government dollars. So how do you create that many jobs? Go to war?

steve<<

Boy, everyone makes that same mistake. Put simply if the same amount of money is spent on a stimulous package of say infrastructure, it works even better than war, but with the same results.

FDR createdd 8 million jobs between 33 an 36 and brought the unemployment down from 25% to $10.

It allowed that 15% to feed their kids!

Then WWI brought us right out of the depression. But it WAS NOT WWII, it was the full employment WWII created. Had they had the option to say build the interstate highway system instead, it would have worked better yet!
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