[PEN-L:29560] Re: Re: production & realization

[Michael Perelman <michael@xxxxxxxxxxxxxxxxx>]

I suspect that the war is directed at the Nov. elections.  If so, the
increase in demand will be too late, but such crap works politically in
the US.  Without Bush's existing increase in spending [and the tax cuts],
the downturn would have ben much worse.

On Sat, Aug 17, 2002 at 09:11:12PM -0700, Sabri Oncu wrote:
> Jim wrote:
>
> > So the "solution" to the undertow created new problems,
> > new imbalances, with which we are still living. I think
> > they'll keep the U.S. down for quite awhile, even without
> > a double dip, unless of course there's a major war.
>
> Jim,
>
> Do you think a war in Iraq, if it happens, is major enough to
> save the US? Or, do you have something bigger than that in mind?
>
> Sabri
>

--
Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 530-898-5321
E-Mail michael@xxxxxxxxxxxxxxxxx