How much did the Iraq War help keep unemployment low, then keep it high?

  1. My Esoteric profile image90
    My Esotericposted 5 years ago

    How much did the Iraq War help keep unemployment low, then keep it high?

    In finishing my book on recessions, I came to a part where this question popped into my head.  During President Bush II's term, unemployment hit a historic low of 4.something %.  How much of that was due to all the troops being in Iraq?  After President Obama got a handle on the recession Bush left him, unemployment has been hovering around 8%, how much of that is due to troops he brought home from Iraq?  (BTW, did you know Obama's first time unemployment numbers are better than Bush II's at this point in his Presidency?  Go figure)

  2. profile image0
    Old Empresarioposted 5 years ago

    The defense spending in the Bush years related to the Iraq War and the "War on Terror" kept certain quarters heavily employed. The US military was completely moved around and billions were spent on facilities and new technologies. The creation of the DHS and reorganization of US Customs and Border Protection led to heavy construction on the borders, though only a few companies got most of this money. His re-alignment and closure of many military bases resulted in more military construction on the remaining military bases. He bankrupted the treasury in doing all of this, but the fields of defense contracting did very well and kept  good deal of people employed.