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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Steve Dietrich who wrote (280775)	7/26/2002 4:10:26 PM
From: calgal	Read Replies (1) \| Respond to of 769667

Ever notice how some people will generalize and put others in the label box of their choice? RE "Ever notice how conservatives will generally tell you that wars precede recessions (Gulf War, War on Terrorism) yet they credit WWII for getting us out of the Depression?"

To: Steve Dietrich who wrote (280775)	7/26/2002 4:38:42 PM
From: DuckTapeSunroof	Respond to of 769667

Re: "Ever notice how conservatives will generally tell you that wars precede recessions (Gulf War, War on Terrorism) yet they credit WWII for getting us out of the Depression? WWII which was one of the great tax and spend government programs of all time. Taxes have never been higher, GDP and federal revenue growth has never been higher than under FDR." >>> Yes. Taxes soared up to 90%. Government expenditures, and government borrowing (thus: money creation) were MASSIVE. >>> That's why Keynesians credit the war with finally ending the deflationary depression. "Does anyone think there could be a parallel between the recent steel tariffs and Smoot-Hawley?" >>> Yes, quite a few people do.