Monday, February 19, 2024

Economy

IN 1932 FDR took office in the midst of the Great Depression. Four years later he was reelected in the midst of the Great Depression. Four years later he was reelected in the midst of the Great Depression. After ten long years of the worst economic disaster in US history, WW 2 started and the economy turned around. Four years later the United States emerged as the most powerful economic engine in history and this continues until this day. The biggest mistake the West made in evaluating Russia's ability to win the war in Ukraine was that the US forgot its history. Russia has embarked upon a wartime economy and is building up its military using deficit financing just as the US did in 1941. As NATO countries come to understand that the US may not be so willing to come to their defense they too will start to build up their military and they too will experience economic growth. One of the reasons that the US economy is the largest in the world is that the US spends more on the military than the next ten countries combined. The West stands by and watches the destruction of Ukraine and its people while the Russian economy grows stronger.

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