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Re: War is good for the economy

By: killthecat in POPE | Recommend this post (0)
Sun, 10 Jun 12 11:53 PM | 64 view(s)
Boardmark this board | (The) Pope's for real stock market report 		Msg. 60573 of 65535
(This msg. is a reply to 60570 by Zimbler0)
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Zim:

The Roaring Twenties resembled the roaring 2000s under Bush. Both ended in economic crashes.

Andrew Mellon (1855-1937) was a millionaire financier who served as Secretary of the Treasury for eleven years under Republican presidents Harding, Coolidge, and Hoover.

As Treasury Secretary, Mellon pushed through a series of large tax cuts for the wealthy, freeing huge sums of capital for reinvestment in the booming stock market. During the Roaring Twenties, Mellon was regarded as a genius of rapid economic growth; after the Great Crash, however, he was blamed by many for unwisely promoting wealth inequality and an unsustainable financial bubble.
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The above is a reply to the following message:
Re: War is good for the economy
By: Zimbler0 in POPE
Sun, 10 Jun 12 11:46 PM 		Msg. 60570 of 65535

(Same site as before.)

http://www.swifteconomics.com/2009/03/21/war-is-not-good-for-the-economy/

Furthermore look at the rest of the wars our species has, unfortunately, had to endure. The United States went into a severe recession in 1920, just after World War I.
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Obviously I am reading words penned by an idiot.

Hath he never heard of the 'Roaring 20's' ?

Zim.

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