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One of the greatest myths ever...government spending creates economic freedom and prosperity.
1 posted on 04/06/2024 2:37:50 PM PDT by frogjerk
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To: frogjerk

When my dad returned from the War he had to beg for a job. The old racist junk that divided Italians, Polish, etc. into their neighborhoods was well entrenched. Dad was Army Airborne, 503rd under MacArthur. He was the first-born US Citizen of his large family. The rest were Naturalized. His last jump was Corregidor, as Sgt he and a PFC under sniper fire put the first US Flag up on a telegraph pole, as a gift for Gen. MacArthur. Corregidor.org has the photo. https://corregidor.proboards.com/thread/503. That job was for Youngstown Sheet and Tube Steel Mill. Where he worked as a boilermaker till the day he fell off a Cat Walk, and broke discs in his neck.


2 posted on 04/06/2024 3:08:11 PM PDT by GailA (Land Grabs, Poisoned Food, KILL the COWS, Bidenomics=BIDEN DEPRESSION. STAGNATION)
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To: frogjerk

When people stop complaining about a depression the depression is over.


3 posted on 04/06/2024 4:10:48 PM PDT by x
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To: frogjerk
So MILLIONS of men left the American civilian workforce for a government (military) paycheck, and the workforce was reduced so much that women left the house to take jobs.

And that had no effect on ending the depression? Okay. Some ideas are so stupid that only professors and other liberal elites can believe them.

4 posted on 04/06/2024 4:20:24 PM PDT by Bernard (“God's cruelest punishment is to let you reap what you sow.”)
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To: frogjerk
....While it’s true that draftees and volunteers were “employed” by the armed forces, all these millions of men — no matter how noble their overseas missions may have been — weren’t doing anything to create prosperity at home.

A pretty piss poor way of trying to make an argument about government spending and the economy. No matter what one might say about "the depression wasn't ended by...." it effectively ended and the economy on the whole did improve.

The fact is that some of the impacts of depression translated into other problems like future recessions, vastly increased MIC spending and government learning that all they need do is to "borrow" money to enact its goals. And when the next impending depression comes it won't be because of WWII; it will be because of Biden's NWO and voter victim group pandering coupled with rampant unchecked illegal immigration.

5 posted on 04/06/2024 4:25:54 PM PDT by Gaffer
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To: frogjerk

Another blogger trying to pull smartness out of the jaws of stupidity.


6 posted on 04/06/2024 4:26:20 PM PDT by bigbob
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To: frogjerk
What this dimwit fails to acknowledge was that the US was bearing the brunt of the financial and manufacturing burden for ALL of the Allied nations. The US manufactured $50 billion USD ($800 BILLION in 2024 dollars) in war materiel and LOANED IT to the other Allied nations (Lend-Lease). The joke back then was that the Russian Army rode into battle in Studebaker trucks. Formerly great Britain borrowed so much hardware ($31 billion) that despite the US generously reducing its debt (which means the American taxpayer absorbed it), Britishland didn't manage to pay it all back UNTIL 2006!!!!!

Not only that, the US was all but virtually responsible for staving off mass starvation in the UK brought on by the war. England has not been able to feed itself since the 17th Century and has for centuries been dependent on imported food for its survival. Karl Dönitz's submarine wolf packs were interrupting those shipments and had them on the brink of mass starvation until the US started shipping 50,000 tons of food stuffs A DAY (on average) in trans-Atlantic convoys. Which amounted to a pound of food per day for every person (including children and infants) in England, Scotland and Northern Ireland. And that also was 50,000 tons of food American were planting, growing and harvesting but not getting to eat.

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There damn sure WAS a war-driven recovery in the manufacturing sector, and it began BEFORE WWII began because America already had become arms manufacturer to the world, and the Euroweenies were buying all they could because they were scared spitless of Herr Hitler. And that wasn't government spending, that was Remington and Olin-Winchester and Pratt & Whitney and Curtis-Wright and 10,000 other American companies building aircraft and ships and arms and ammunition that they sold overseas FOR PROFIT and hard currency.

The GDP went UP 20% in the 15 months between the invasion of Poland and the Japanese attack on Pearl Harbor.

Note also that wartime America reached peak GDP in 1944 and manufacturing wasn't that strong again until 1950.

Anybody who tells you that the fact there was inflation and rationing the US shows there was no recovery is blowing smoke up your skirt.

7 posted on 04/06/2024 4:32:29 PM PDT by Paal Gulli
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To: frogjerk

People then were tougher then they are now. They were contented with less. They would tell you, “I don’t have to worry about where my next meal is coming from or where I will sleep tonight. The Depression is over.”


8 posted on 04/06/2024 5:16:43 PM PDT by x
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To: frogjerk

It took it off of the front page.


10 posted on 04/06/2024 9:59:43 PM PDT by higgmeister (In the Shadow of The Big Chicken! )
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To: frogjerk
Sound familiar after our COVID "crisis":

From https://mises.org/mises-daily/world-war-ii-did-not-end-great-depressionM

The Great Depression did more than chill the investment climate. In Crisis and Leviathan, Higgs argues that during a crisis a "ratchet effect" produces net increases in government discretion that are not completely reversed after the crisis. Two things happen when government intervenes. First, the bureaucracy naturally tends to expand beyond its stated goals — mission creep. Second, intervention alters incentives; that is, the creation of a bureaucracy to address some problem also spawns a rent-seeking pressure group with interests that will prevent reversion to the status quo ante.

13 posted on 04/07/2024 8:04:04 AM PDT by frogjerk (More people have died trusting the government than not trusting the government.)
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