On Sat, 16 Feb 2008 13:16:47 -0500, Les Cargill <lcargill@[EMAIL PROTECTED]
>
wrote:
>Video61@[EMAIL PROTECTED]
wrote:
>> On Feb 15, 12:03 pm, stuff_st...@[EMAIL PROTECTED]
wrote:
>>> On Fri, 15 Feb 2008 09:54:20 -0800 (PST), raylopez99
>>>
>>> <raylope...@[EMAIL PROTECTED]
> wrote:
>>>>> And using nominal GDP rather than real GDP after a prolonged period
of
>>>>> DEFLATION is incorrect and disingenuous. You're writing from a
>>>>> perspective where we haven't seen deflation in decades in the US
>>>>> economy. But that was not the case then.
>>>> Even with your figures, they make my point--in wasn't until 1941 we
>>>> saw the 1929 highs again, and inbetween we had massive unemployment.
>>>> So Keynes was not the reason the USA got out of a depression.
>>> Chuckle. Even the war spending is classic Keynes. If you weren't so
>>> knee jerk dogmatically anti-Keynes you'd not be doing this whole silly
>>> dance.
>>
>> that is correct, even fdr was said to have said, at last, i can spend
>> to stimulate the economy now. and he went on a crash course to upgrade
>> americas infrastructure to be world class
>
>Well... not so much, really. Eisenhower moreso. Guys with
>picks and shovels could only do so much, and large-scale
>Hoover Dam type projects were not that numerous.
Not so much?
"The Civil Works Administration (CWA), Public Works Administration
(PWA), Works Progress Administration (WPA), and other agencies left an
enduring legacy on the American landscape through numerous post
offices, city halls, roads, dams, and reservoirs."
Throw in the TVA and the CCC,
The Triborough Bridge, Lincoln Tunnel, and La Guardia Air****t
In the South, the Overseas Highway linked the Florida Keys, and the
dams of the Tennessee Valley Authority brought electricity and flood
control to the Valley. Major projects in the West included Shasta Dam
in California, Hoover Dam on the Colorado River, the nation's first
freeway in Los Angeles, and both the Golden Gate Bridge and the San
Francisco-Oakland Bay Bridge.
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