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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: i-node who wrote (453227)	2/2/2009 9:37:51 AM
From: HPilot	1 Recommendation Respond to of 1571229

People like to point out that WWII lifted out of the depression. It did, but it really wasn't the heavy spending on arms that did that. The large improvement in spending on arms was offset with material shortages and sacrifices by the population. Still the debt as I recall was almost 50% of the GDP VS the pre bailout amount of about 20%. That debt would have put us right back into a depression except that with most of Europe and Asia out of commission for modern goods, the US had huge exports. Companies were making money out of their Kazu because they had almost no foreign competition.