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Most of the government spending in those years was on entitlement increases, not economically stimulative. The private sector way overshadowed any Keynesian goverment type "investment". This was a private sector led recovery; all government managed to do was "eat up" or become "blobish" in taking every addtional dollar generated and consuming it upon their "centralized" projects. I will agree that goverment investment in the GI Bill, or the Space program has produced many, many more times the benefits that the investment made - but, alas, these are the exceptions and not the rule. Most goverment programs are ill-managed, wastefull, inefficient and never seem to get curtailed (shall I say 82 separate governement programs to assess teacher competence? - are you kidding me? - what a duplication of expense and a bureaucratic waste! - as just one of many examples.