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Originally Posted by pan6467
Companies thrived because the government helped them with lucrative contracts and because we were building highways and a great infrastructure.
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Precisely. which is what the stimulus should be doing right now.
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So to compare how WW2 brought us out and how this war isn't helping is foolish. Times are different. In WW2 we were self reliant and produced.... this war we are dependent and have little production and that which we do have is in severe trouble because of our reliance on foreign made goods.
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Admittedly, but to claim that FDR's new deal had nothing to do with getting us out of the depression, and that the war had everything to do with it, is equally foolish. Giving shitloads of money to the corporations isn't what saved us in the 30's. Giving money to the middle class, who went out and bought stuff, is what saved us.
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We can dance around the central question all day long but at the root Keynesian people won't address the question of - when does government spending begin to have a negative impact on economic growth? There simply is no free ride with government spending.
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And Laffer people won't address the question of - When does giving all of the money to the rich finally grind the economy to a halt because the rich have all the money?