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Politics : Formerly About Advanced Micro Devices

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To: koan who wrote (522541)	10/21/2009 9:03:34 PM
From: i-node	Read Replies (1) of 1579958

It wasn't WWII that pulled us out of the great depression, it was the massive government spending that created demand. There is no evidence to support this claim and there is plenty to show that it WAS WWII that pulled us out of the G.D. Most notably, the "Roosevelt Recession" that resulted when Roosevelt decided to cut spending. Unemployment immediately headed directly back to where it was, forcing the spending to continue. Only the sense of renewed confidence and general "good feeling" about the war being over brought a return of consumer confidence which is what ended the depression. China's stimulus was threee times our based on GDP and they are recovering better than we are. You can't make such a comparison. The Chinese economy is radically different from ours. I don't want to argue about it. Just correcting you.

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