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A mobilisation such as what we saw in WWII is unthinkable because it'd crash markets. That's one reason.
by rbanffy 4mo ago
A mobilisation such as what we saw in WWII is unthinkable because it'd crash markets. That's one reason.
- expedition32 4mo agoThe last time a mobilisation happened was the Vietnam War and it almost tore America apart. The Pentagon learned their lesson.
- rbanffy 4mo agoSo, it will be quagmires from now on.
- aqme28 4mo agoThat has nothing to do with it. Congress should still have to declare an operation like what is happening in Iran.
- jimnotgym 4mo agoHow would a future president ever be motivated to give power back to Congress I wonder? A coup by congress?
- afiori 4mo agoas the term rule of law suggest the legislative branch has the power to make the rules
- rbanffy 4mo agoI really hope that next time they do their job vetting nominations for the judicial branch.
- afiori 3mo agoIMO most of these appointments should be done by congress itself, the only reason they are done by the executive is because the role of president was a created on the template of the role of king. except that without a "prime minister" now there is no separation between the "king" and the fulcrum of political power.
- wasfgwp 4mo agoThe stock market did great during WW2, though. Of course this time its not dominated by industrial conglomerates which can retool their factories to manufacture military equipment.
- strictnein 4mo agoThe DJIA was more or less flat during WW2. Not sure where you've read that it was "great". During the middle of the war it was down 35-40%.
- wasfgwp 4mo agoIt was certainly not flat. There was a lot of volatility. > Not sure where you've read that it was Well.. I looked at the charts. The bottom was few months after Pearl Harbor and pretty much straight up after that. It certainly did much better after US joined than while it was staying out..
- strictnein 3mo agoI should have been clearer. From September 1939 - May 1945 (when Germany surrendered), the stock market barely changed: September 1939: DJIA was 152.54 May 1945: DJIA was 168.30 A ~10% increase over almost 6 years is way below average and well below inflation for that time period. > The bottom was few months after Pearl Harbor and pretty much straight up after that I mean, you've now picked the bottom of the market as your starting point (and not the start of WW2), so by definition it goes up after that.