The Great Recession The Great Stabilization
@ Dave: Whuh?The war machine? The war machine fought and defeatedthe German war machine, that’s what armies DO. Who paid for that war machine? Who paid for the people working in the clothing factories, munitions factories, steelworks - all those things you need for war? Where do you think this money came from, it just popped from the free market aether?
Uncle Sam’s coffers and borrowing, that’s where. FD”Rube” spent, and spent heavily, because that’s what you do when you have an actual freaking war. That spending created the US army, the productions and the jobs behind it.
Armies don’t create jobs in themselves, apart from the soldiers’ ones themselves - and that’s unless they work on a draft. SPENDING on armies may create jobs - pretty much everyone agrees on that. Yet many conservatives deny that spending on anything else creates jobs - because apparently military spending is somehow much more effective. Riiiight.
You don’t think wartime spending impacted the US economy, and you are telling me to get a clue? Get real.