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Post by Sokar468 on Mar 22, 2003 11:38:24 GMT -5
That's a common misperception. The unemployment rate from the Great Depression had fallen 60% by the time WWII started and GDP had returned to its pre-Depression levels before we got into WWII. Granted WWII sped things up, but right afterwards we had 8 straight years of recession and high inflation. The difference between then and now is the government is not going to be giving hundreds of billions of dollars to military manufacturers like it did in WWII and therefore will not create an economic boost. The only economic boost that will come from this is lowering gas prices by securing Iraqi oil and removing some uncertainty, but so much damage was done by both so far that we may be in recession. He's right. Altho the economy has been doing better since we attacked, it is not due to war. It due to investor uncertainty and the business cycle. In order to achieve the same results in WWII, the government would have to increase its military spending drastically. We don't have to today, because our military has always been in a "ready-to-go" state. Prior to WWII, however, the U.S. decreased the size of its military, including decomissioning several submarines. It needed to recover from that to face the needs of war--that is not the case today.
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Edgar Figaro
Experienced Knight
Edgar=jeanhart/lucifer
Posts: 340
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Post by Edgar Figaro on Mar 22, 2003 15:39:16 GMT -5
still, without WWII, women would not have been so quickly accepted into the workplace.
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Post by Zynx on Mar 22, 2003 16:24:54 GMT -5
The stock market is doing much better, but that is not an indicator of the economy. Weekly jobless claims, mid-month manufacturing, and other indicators show an economy that is quite weak. Bear in mind, the stock market and the economy can be way out of sync for short periods of time.
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Post by SwordMaster on Mar 22, 2003 20:14:13 GMT -5
Didnt the stock market have one of its best weeks in years recently?
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Post by Zynx on Mar 22, 2003 21:52:16 GMT -5
Yeah, last week. You have to bear in mind that it has also had its second worst three year stretch in history leading up to now rivaling the Great Depression in length and depth.
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Edgar Figaro
Experienced Knight
Edgar=jeanhart/lucifer
Posts: 340
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Post by Edgar Figaro on Mar 23, 2003 9:04:39 GMT -5
Yeah, and it sucks pretty bad.
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Post by Ghosty on Mar 23, 2003 14:14:20 GMT -5
Yeah that is bad, but this is worse I just heard on the news that.... the iraqi's have captured american prisoners, 4 males and 1 female
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Post by Sokar468 on Mar 23, 2003 18:57:00 GMT -5
Yeah that is bad, but this is worse I just heard on the news that.... the iraqi's have captured american prisoners, 4 males and 1 female The Iraqi Regime is going to execute them and broadcast it live on Iraqi television. Not to forget that the Regime does the same thing to Iraqi citizens regularly.
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Post by Ghosty on Mar 23, 2003 19:16:13 GMT -5
The Iraqi Regime is going to execute them and broadcast it live on Iraqi television. Not to forget that the Regime does the same thing to Iraqi citizens regularly. It looks like the Iraqi's have already executed some of the prisoners... american casualties and captured are growing.... Think this will make other nations more sympathetic because prisoners are being tortured or more determined for peace to stop the horrors of war?
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Edgar Figaro
Experienced Knight
Edgar=jeanhart/lucifer
Posts: 340
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Post by Edgar Figaro on Mar 23, 2003 20:40:44 GMT -5
[glow=red,2,300]both, people will merely use it to further their own opinions.[/glow]
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Post by Zynx on Mar 24, 2003 19:05:26 GMT -5
You're right. The main thing this will do is strengthen Iraqi resistence as they see our men die.
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Post by Sektor on Mar 26, 2003 19:23:19 GMT -5
So much for a quick swift war... You guys know that Bush will completely lose every once of respect he has right now from the remaining Americans who still show it if he finds no weapons
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Post by Zynx on Mar 27, 2003 22:37:38 GMT -5
We'll find the weapons, but they will be on artillary shells fired by the Republican Guard at our troops.
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Post by Ghosty on Mar 28, 2003 15:00:57 GMT -5
We'll find the weapons, but they will be on artillary shells fired by the Republican Guard at our troops. Exactly
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Post by Zynx on Mar 29, 2003 8:36:38 GMT -5
The first suicide bombing occurred this morning against our troops killing five. We can expect this on a much larger scale in Baghdad where there are large elements of Hamas.
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