To: koan who wrote (43911 ) 7/4/2007 6:51:24 PM From: roto Read Replies (1) | Respond to of 78422 true; so few enjoying so much is about to have run it's course. the simple explanation would be an intact infrastructure post WW2; the returning veterans having large families, spending the bucks from their accumulated 'War Bonds' savings (corresponding study of Sears 'WallMart' like growth & demise of Montgomery Wards). I think world attitudes were much in play as America was probably at the height of it's power politically. in one of my early 60's Civic classes (yes- there was such a thing) it was mentioned that the 50's were the zenith of American dominance & as the post war world recovered, competing forces will be enabled (& a new unfortunate scenario came into being...American manufacturing arrogance, an example> Detroit, but this is just one aspect). Boeing (I retiree) on the other hand, through wisdom, luck, 'good will', governmental programs here & abroad, corruption(!!), also arrogance, has managed to incorporate vast influences in Washington & internationally. another example was the comparisons of Brazil & the U.S. (Brazil, cheap land/ expensive money costs; U.S. expensive land/ cheap money costs). again, that was long ago and the world has morphed & twisted. again, this lends itself to the argument of American WW2 successes enjoyed afterwards. ..the above Detroit & Boeing examples (just very limited examples) is simple adaptability...failure & you be a footnote in economic history or success & you stay competitive. in today's world, the question begs> what does America do well & how is it marketable to the increasingly competitive domestic & foreign markets? now, that to me is serious stuff as I cannot answer it. I think the ultimate washout will be advent of international corporations dominance, with all the established political intricacies to be able to adapt to any world condition, any world market, in as fast a time as possible, with any kind of investment deemed in accord. 1 good thing though; I do see is our colleges & university programs still the best (it is not just my opinion...this was expressed to me a few times overseas). I'll through a curve at you. if Clinton's terms were so disastrous by republican standards, why was the national debt projected (by both parties) to be paid in full by 2012? what effect would this reduced monetary liquidity have on the world markets today? would we be invested in the metals or even having a pleasant economic discourse this 4th of July?