I don't like to talk economics, mostly because I haven't bothered to remain informed about what's happening and why. But I can't help but thinking that if we were to go to war to solve this crisis--if we go to war in an attempt to fix the economy--it wouldn't work as well as the conservative talking heads seem to think it would. They're claiming that WWII was what pulled us out of The Great Depression, and it's sort of being suggested that the same thing could work now... but would it? I mean, part of the reason WWII helped (notice that I'm not saying fixed) the economy in the States is because it created jobs. But, see, would it now? Since we've outsourced everything? And who the fuck would buy bonds right now? Does anyone really trust that they'll get that money back? Though, I suppose if you put Obama's portrait on them people would buy 'em up, right?
It just seems like a fucking retarded theory. Not to mention the fact that we're already at war. But maybe I should learn the facts before I form an opinion...
I'm going to go skulk back to my dark, ignorant corner now.
3.24.2009
Talking About Shit I Know Nothing About.
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2 comments:
You're right, the United States military already has a huge surplus of war materiel so there would be very, very little or no increase in jobs by engaging in a full-on war. In World War I the United States relied heavily on European allies to outfit the American forces with guns, bombs, etc. the United States only saw about a year of real action in that war, anyway. We barely produced anything for the that war, therefore, no increase to the economy. The real boost for the United States economy after world war i was that Germany, France and Great Britain owed us tons of money. In World War II we actually started producing our own war goods like thousands of planes, vehicles, guns... tons of shit, because we didn't have anything stockpiled. HUGE increase to the economy. Even if we had a surplus of war materiel from World War I in 1941, all those weapons would have been garbage. They would have needed to be replaced anyway. World War II stands as a lone example of how war can boost an economy. That shit is so rare. Historically, wars ruin economies.
Chris said almost everything I was going to, aside from the fact that there were huge technological advances that required that we outfit our army with new weapons, planes, etc... That level of technological advance doesn't exist at this point, which would, in theory, boost the economy by creating a need for new weapons.
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