- May 20, 2009
- 144,242
- 66,545
- 2,330
Historical evidence suggests that no-stimulus would have been far worse.
Just look at the Great Depression.
When it started the government did very little. It got worse
Then government started to spend a bit. It got worse then started to get slowly better
Then government spent a gargantuan amount of money, practically giving jobs to all that needed them, and the economy recovered in a few years.
Unemployment average 19% and never dipped below 14% from FDR's inauguration until Hitler conquered France 7 years later, when exactly did this government stimulus work?
It didn't work that well. The government stimulus before Hitler conquered France wasn't big enough. It was the one that happened after Pearl Harbor that was big enough to give everyone jobs and result in lasting growth within a few years.
War and mass murder are always the Progressives most dependable stimulus/population reduction programs