1940s: 5.6%
1950s: 4.1%
1960s: 4.4%
1970s: 3.2%
http://www.intellectualtakeout.org/library/chart-graph/us-government-spending-percent-gdp
Hmmm, what started going up sharply in the 1940s?
Government spending is at an all time high. Under Obama we should be an economic juggernaut. But we aren’t, of course. Government spending is a fool’s game.