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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Mike M2 who wrote (63572)	6/30/1999 1:48:00 PM
From: Freedom Fighter	Read Replies (2) \| Respond to of 132070

Mike, I'm not familiar enough with the period to form a strong opinion. I certainly wouldn't dispute the notion that WWII was the primary trigger of the recovery because during the build up Federal debt exploded. Basically we were borrowing/printing money heavily to produce military stuff. But that's not too different from the Japanese bridges to nowhere providing short term stimulous. Clearly the WWII build up was huge so the stimulation was a great multiple of the Japanese case. My question is would the stimulation have lasted after the war if the rest of the world wasn't decimated and in need of our capacity. And second, would we have been able to function that well if most of the excesses hadn't been removed in 30s. Otherwise why not just have a huge military buildup during any recession and dump the stuff in the ocean after we recover? Wayne