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Re: *War is good for the economy*
by Thomas Juli
31 October 2003 08:37 UTC
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The economy is growing, but the growth is not stable and founded in non-government spending.  You are right, the tax cuts did not have a stimulating effect on consumer spending.  On the other side, you will always find some economists who can manipulate data and show you otherwise.

 

-----Original Message-----
From: wsn-owner@csf.colorado.edu [mailto:wsn-owner@csf.colorado.edu] On Behalf Of KenRichard2002@aol.com
Sent:
Thursday, October 30, 2003 4:50 PM
To: wsn@csf.colorado.edu
Subject: *War is good for the economy*

 

Bush's team pointed out that the nation's economy was in a recession before he took office.

Today,  the stock market is up 75% over a year ago;   the GDP is growing at 7%.  During the
Clinton administration,   the economy was growing at 4% annually,  and that was during the greatest economic expansion the US ever saw.

So the economy is booming again after a brief bust and it is a result of war time spending.   It's a result of the government pumping 100+ billion into the economy after borrowing it from anemic financial institutions,  who would have been forever greatful except for the fact that the titans of the financial industry already have a say as to when we go to war [and that is generally when they need the government to borrow massive amounts of funds from them].  

Oh, but they'll swear it's the tax cut having a stimulating effect on consumer spending.  But logic says otherwise.   And only the shallow thinking will swallow the mendacity.  Unfortunately,  that's a heck of a lot of people.

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