Persian Gulf
Vietnam
Obama
G.W.Bush
Clinton
G.H.W.Bush
Reagan
Carter
Ford
Nixon
L.B.Johnson
Kennedy
Eisenhower
Truman
Cold War Korean
Afghanistan Iraq
1975
Great Recession
Military Budget (% of GDP) GDP Contractions
405% greater than 1947
400
Output per hour
350
Common measure for Productivity
300 280% greater than 1947
250
Real Hourly Compensation
200
150 00
1 7=
4
100
19
1950
1955 1960
1965 1970
1975 1980
1985 1990
1995 2000
2005
2010