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Politics : American Presidential Politics and foreign affairs
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To: DuckTapeSunroof who wrote (40769)1/28/2010 6:18:47 PM
From: TimF  Read Replies (1) of 71588
 
Its interesting, but doesn't really portray reality very well. It gives the impression that durable goods shipped in the US where mostly military when the reality is they where overwhelmingly civilian goods (at least until 2009 when the recession cut durable goods for civilians a lot, but probably even in 2009).

Civilian durable goods dropped a lot by the fact that there where two recessions in that time period and the end of the period was in a severe recession. Federal government spending (including military spending) tends not to get effected so much by recessions.

Also military spending didn't climb anywhere near as much as the durable goods orders for the military climbed. You did not get 125% increase in the military budget. It was a 37% increase (in nominal dollars), or about 29 or 30% in real terms. A sizable increase, but not the explosion the chart you posted suggests.

But for people who already know those facts, this is a little bit of additional information of mild interest.
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