>Good thing we have the war in Iraq! I'm sure you are both voting for >McCain, then?
The problem is that our economy has changed, and we no longer get the kind of "war boost" that we got during WWII. Then, we were a heavy industrial economy and the massive build up of production was labor intensive and created millions of new jobs and massive stimulus. Now, both the nature of our econmy and our military is totally different. We don't have the massive industrial base to crank out tanks and airplanes at the rate we did then, creating all those new jobs. And our military is no longer structured in that way, dependent on huge amounts of hardware. So we can run an ongoing war (two of them actually) for many years and not see an increase in our production or our employment. If anything, now the total opposite is true. The wars are simply a drag on our econmy, funneling huge amounts of borrowed money and preventing us from spending on vital needs at home. Olin ----- Original Message ----- From: John Williams<mailto:[EMAIL PROTECTED]> To: Killer Bs (David Brin et al) Discussion<mailto:[email protected]> Sent: Tuesday, November 04, 2008 7:21 AM Subject: Re: Franklin Delano Bush On Mon, Nov 3, 2008 at 2:49 PM, Dave Land <[EMAIL PROTECTED]<mailto:[EMAIL PROTECTED]>> wrote: > On Nov 3, 2008, at 11:08 AM, Dan M wrote: > >> What is undisputed is that, as WWII started, the US rate dropped >> down to >> 9.9% in 1941, and dropped down below 2% from 43-45...as we were firmly >> in the war. I'd argue that these data tends to favor Keynesian >> analysis, since the war involved overwhelming government >> intervention in >> the economy, massive federal deficits, etc. Indeed, from a purely >> economic point of view this is wasteful government spending at its >> worth, spending billions upon billions on things that either blow >> themselves up or get blown up. Yet, it was the foundation of the US >> being the economic powerhouse that it was during the next 60 or so >> years. > > > I have long used this as an argument for more, rather than less > government Good thing we have the war in Iraq! I'm sure you are both voting for McCain, then? _______________________________________________ http://www.mccmedia.com/mailman/listinfo/brin-l<http://www.mccmedia.com/mailman/listinfo/brin-l> _______________________________________________ http://www.mccmedia.com/mailman/listinfo/brin-l
