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View Diary: Congressional Progressive Caucus releases jobs plan (50 comments)

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  •  Its also what put the ... (1+ / 0-)
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    Roger Fox

    ... balance sheets back in order, though its arguable how much of that was recovering self-inflicted damage from the efforts to balance the budget in '37, as it normally takes about 7 years for balance sheets to recover from a major financial crisis, with the size of the crisis more determining the depth of the fiscal drag from a higher propensity to save.

    While it may be fairly argued that it was the export growth and government spending in '39 and '40 that finally ended the Great Depression ... that was also WWII.

    Support Lesbian Creative Works with Yuri anime and manga from ALC Publishing

    by BruceMcF on Tue Sep 13, 2011 at 05:13:16 PM PDT

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    •  FDR ordered 200 new navy ships (1+ / 0-)
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      BruceMcF

      IIRC '37 or early '38. All US fighter prototypes date from'36-'38.

      Yup.

      Though I wont admit that to a right winger.... lol.

      FDR 9-23-33, "If we cannot do this one way, we will do it another way. But do it we will.

      by Roger Fox on Tue Sep 13, 2011 at 07:15:36 PM PDT

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