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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Hoa Hao who wrote (94272)	2/16/2009 11:15:10 AM
From: koan	Read Replies (2) of 116555

The two things I take out of WWII are: 1) It was a monster stimulous package. That it was a war stimulous is irrelevant, except had the same money been used strictly for our infrastructure it would have worked even better than a war. So the WPA and the giant stimulous worked. 2) Yes we benefited from the WWII infrastructure, but as you say it had to be converted back i.e. it was not directed specifically like Obama would like to do with a new energy grid and high speed rail. So what if we spend the same amount of GDP we did on WWII except all of it to modernize our counties infrastucture and recapitalize banks, even if we have to temporarily nationalize them? Modern energy grid, upgrade roads, bridges, schools, rails, and water ssytems for agriculture. We are still the worlds bread basket. Develop our NG resources, and cut way back on defense and get out of Iraq and Afghanistan if NATO will not help. How many nuclear bombs do we really need-lol? Computers, science and modern technology are the defense expenditures we need to make going forward. Not battleships-lol. And that can be part of the infrastructure.

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