"Gig 601XL Builder" wrDOTgiaconaATsuddenlink.net wrote in message
...
Montblack wrote:
("601XL Builder" wrote)
FDR's "New Deal" didn't pull the US out of the depression. WWII did.


My understanding of Depression era events hold that 'recovery'(?) was
well underway by mid 1939.

...depending, of course, what yardstick you use.


Montblack

A recovery had indeed started by '39. But military production for sale,
lend and lease started before that. It is also not 100% clear that the
recovery would have held had the war not happened.

http://www.mises.org/fullstory.asp?control=1262


The government generally can't spend a country out of an economic downturn
without long term negative effects. Historically the one exception to this
is military spending. Since it tends to build both a nations economic and
political position. The one glaring example where this wasn't true was the
USSR 1980s. One where it was true is the USA 1980s.

That's "Myth #3".