20-12-2010, 09:58pm
(20-12-2010, 04:58pm)Rainbow7 Wrote:(20-12-2010, 04:02pm)Troppo Wrote: Proved by whom?
Do you have a reference for this?
Proven by the FDR Government's disastrous "New Deal" policies.
References? - Try any history book on the subject.
FDR's accelerated defence spending pre WW2 actually hastened the end of the depression by stimulating the economy.
Labor's stimulus package (the whole thing, not just the 'plasma bonus') spared Australia from the worst of the GFC.