I was listening to "progressive" talk radio the other day and one of the hosts talked about how government intervention in the economy during the Great Depression led to growth in our GDP thus getting us out of the Depression. The host then advocated government intervention, specifically the trillions that have been spent over the past few years, to get us out of our depression (I use this word) today.
What I found:
From 1932 to 1940, GDP grew from about $600 billion to $800 billion. Thus, the GDP grew about 33% as a result of government intervention.
Today, the numbers are much different: