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Re: War is good for the economy 

By: Zimbler0 in POPE | Recommend this post (2)
Mon, 11 Jun 12 2:41 AM | 63 view(s)
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Msg. 60579 of 65535
(This msg. is a reply to 60573 by killthecat)

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


Very true, KillTheCat,
Now . . if you was honest enough to recognize that
Clinton and the stock market bubble of the 1990's
which ended in the disastrous market collapse of 2000
was much the same thing . . .

And do you recall the name of that banking segregation
law passed after the 1929 market collapse . . . .
(I posted a message about it not long ago . . .)

Zim.




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Mad Poet Strikes Again.


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The above is a reply to the following message:
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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