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Re: War is good for the economy 

By: DGpeddler in POPE | Recommend this post (1)
Mon, 11 Jun 12 1:12 AM | 60 view(s)
Boardmark this board | (The) Pope's for real stock market report 		Msg. 60575 of 65535
(This msg. is a reply to 60573 by killthecat)
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And one of the richest men in the 1950's was an elevator operator who bought stock after the crash. He took $1,000 cash he had saved and bought stock in large companies like AT&T.

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Re: War is good for the economy
By: killthecat in POPE
Sun, 10 Jun 12 11:53 PM 		Msg. 60573 of 65535

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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