Quote:
Originally Posted by Excaliber
Dan, are you suggesting the standard of living was dramatically increased during WWII based on the increased GDP?
The "bubble" of '29 is an excuse just like the "bubble" of the early 80's, the early 90's and the year 2008.  |
Trying 'smoke and mirrors' now are you? GDP represents the business productivity of the nation. Who shares what percentages of that business is a completely separate and different issue. What is true is that when the war started, EVERYONE went to work. That had NOT been the case since 1929. The Government programs wasted money for 10+ years and their programs did not work.
And the standard of living did drastically increase based on the fact that people finally had jobs. Gross Domestic PRODUCT, no jobs, no productivity=lower GDP. More jobs= higher GDP, duh. That is until before the bubble burst when liberals entitlement thinking meant many jobs, less productivity. Liberals want to think an employer OWES a worker for their time, not their RESULTS.