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Politics : American Presidential Politics and foreign affairs
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To: TimF who wrote (48663)8/8/2011 12:45:06 PM
From: DuckTapeSunroof  Read Replies (1) of 71588
 
Re: "rose between 1936 and 1938, reflecting a $600 million decline in 1937...."

Yes.

Re: "But even if one ignores the $1 billion increase in government spending in 1938, the 1937 $600 million decline doesn't translate into a $3.2 billion GDP decline a year later...."

As I'm sure you will recall, I never said that was the SOLE contributing factor that precipitated us back into a greater Depression.

As you will recall I also said they raised taxes. (Tariffs, too... although I didn't point that out initially.)

So, this last reply of yours doesn't actually disagree with anything I've said.
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