Clo> The 'job growers' have had since 2003, instead of 'growing jobs' that just helped to lower revenues WHILE fighting TWO freaking wars....
Clo,
In 2003 the economy was climbing out of the Clinton
Y2K stock market collapse.
By 2007 the economy was going great guns - on the
back of a speculative real estate bubble.
Jobs disappeared in 2008 when the bubble burst - much
like they disappeared in 2000 after the stock market
bubble burst.
Believe it or not, Wars usually help the economy.
We came out of the American Civil War with world
class railroad and telegraph networks.
We came out of WWI with a 'mechanized economy'.
(The use of trucks instead of farm animals.) Not
to mention what the airplane did for us.
We came out of WWII with world class shipbuilding
capability. Airplanes suitable for air-lines and
the jet engine for todays jet liners. And lets not
forget that doppler weather radar had its genesis in
WWII anti-aircraft detection needs.
Vietnam and air ambulances, anyone?
It is only a matter of time before our 'eye in the
sky' traffic reporting is done by low cost, low power
drones. (Courtesy the War on Terror. Thanks Bush.)
I find it interesting . . . We saw the start of high
inflation late in Nixon's second term - about the
time he was winding down Vietnam.
Carter, of course, benefited from a 'peace dividend'
. . . . . and we had horrific inflation and high
unemployment.
obama? He's finished up the war in Iraq and is
winding down the war in Afghanistan . . . and we
already have high inflation . . . and high unemployment.
And I am sorry you find it impossible to recognize
the lessons from history.
Zim.
Mad Poet Strikes Again.
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