A Call to Arms for the Greater Good Recently what has been on everybody's mind is the global economic crisis. What has been headline news in particular is that this recession has been the greatest economic downturn for the United States since the Great Depression. The cause for this is primarily due to U.S. lending institutions and consumers offering and accepting mortgages on credit with buyer putting no money down. "Interest rates are fated to rise within a few years, after which they could double or even triple."1 In September 2008 massive foreclosures all over the country took place as the first round of ballooning rates took effect. This forced U.S. housing and development to come to a screeching halt. Suddenly the banks were loaded up with bad loans that they themselves had sold and one by one big names began to go under. Mergers were made to save certain banking partners as investment banks teetered on the brink of a financial meltdown. Come October Congress passed a $700 billion bailout to financial institutions that they deemed too big to go under; and so the economy took a dive. However, this is just one example of lackadaisical action that the U.S. has taken in the last several years. The truth is that we as a nation have fallen into a state of lethargy due to our past successes and have for too long been sitting in the lap of luxury. "This was a test of leadership at a time when leadership is desperately needed,"2 said Senator of Nevada Harry Reid over Bush's final speech to the nation. Our infrastructure is in decay and needs to be replaced. Our global climate is warming. As a result, our need for an alternative, renewable energy source becomes more dire. Also, as the rest of the world rapidly becomes more technologically advanced, we are making comparatively slow progression. We need to improve our educational system. As we tend to lean toward mediocrity our world is falling down around our ears. During his campaign, president-elect Barack Obama stated during a rally in Golden, Colorado that "The American people need leaders who focus on alternative fuel sources, who focus on rebuilding our infrastructure."3 I can offer another solution to this problem, a call to arms. The United States should go to war and rely on high factors of production in order to salvage its debt-ridden economy from the ashes.
History has proven that a war economy is highly productive and would pull the U.S. out of its economic decline. We can look to World War II as a glaring example of the economic success that emerges from a war economy. "The 1930s brought the Great Depression, the the largest economic downturn in the history of the United States."4 At the time president Franklin Delano Roosevelt introduced the New Deal and several public works projects in order to solve the problem. These measures slowly got the ball rolling, but the credit belongs to the war. Following World War II, the U.S. went from being one of the most economically deficient nations to the leading world superpower. "U.S. involvement in the Second World War was quickly followed by a massive mobilization effort."5 With millions of men and women serving overseas in the nation's armed forces, most of those who remained at home dedicated themselves to supporting the war effort in whatever means was available to them. Women, who had worked as homemakers or had held jobs outside military related industries, took jobs in aircraft manufacturing plants, munitions plants and military uniform production factories. With the creation of 17 million new jobs during the war, workers were afforded the opportunity to pay off old debts, as well as to begin saving some of their earnings. "As the need for steel and other resources increased, American citizens participated in rationing programs, as well as recycling and scrap metal drives."6 Americans also supported the war effort by purchasing Liberty bonds. Sold by the U.S. government, the bonds raised money for the war and helped the bond purchasers feel they were doing their part for the war effort. The U.S. entry into the war helped to get the nation's economy back on its feet following the depression.
Footnotes 1. James Canton, "Some Words from 'Dr. Future'," The Way we Will be 50 Years from Today. (Nashville: Thomas Nelson, 2008), 192-193 2. Duncan Wilson, "The Early History of the Tissue in Britain: The Interwar Years," Society for the Social History of Medicine, 18, no. 2 (2005). http://shm.oxfordjournals.org/cgi/content/abstract/18/2/225 (accessed January 13, 2009). 3. Barack Obama: Confronting an Economic Crisis, YouTube, Posted by BarackObamadotcom, http://www.youtube.com/watch?v=HlZt5iN96iM, (2008), (accessed January 13, 2009).
4. American Armageddon, "Facing the Economic Crisis. War is the Solution!" http://xkorpion.wordpress.com/2008/12/29/facing-the-economic-crisis-war-is-the-solution/ (accessed January 13, 2009). 5. James Rainey, "Straight Talk on the Economic Crisis," Los Angeles Times, 7 January 2009, A13 6. Marginal Revolution, "Did World War II End the Great Depression?" http://www.marginalrevolution.com/marginalrevolution/2007/01/did_world_war_i.html (accessed January 13, 2009). 7. John Quiggin, Crooked Timber, "The Economic Lessons of World War II," http://crookedtimber.org/2008/12/07/the-economic-lessons-of-world-war-ii/ (accessed January 13, 2009). 8. Michael Kranish, "Congress Boosts Obama on Economy," The Boston Globe, January 16, 2009, http://www.boston.com/news/nation/washington/articles/2009/01/16/congress_boosts_obama_on_economy/ (accessed January 16, 2009). 9. Eleanor Roosevelt National Historic Site, "The Great Depression (1929-1939)," http://www.nps.gov/archive/elro/glossary/great-depression.htm (accessed January 16, 2009). 10. Claude Mandil, "Clean Energy for Progress," The Way we Will be 50 Years from Today. (Nashville: Thomas Nelson, 2008), 150
Bibliography American Armageddon. "Facing the Economic Crisis. War is the Solution!" http://xkorpion.wordpress.com/2008/12/29/facing-the-economic-crisis-war-is-the- solution/ (accessed January 13, 2009). Barack Obama: Confronting an Economic Crisis. YouTube. Posted by BarackObamadotcom. http://www.youtube.com/watch?v=HlZt5iN96iM. (2008). (accessed January 13, 2009). Canton, James. "Some Words from 'Dr. Future'." The Way we Will be 50 Years from Today. Nashville: Thomas Nelson, 2008. Duncan Wilson, "The Early History of the Tissue in Britain: The Interwar Years," Society for the Social History of Medicine. 18, no. 2 (2005). http://shm.oxfordjournals.org/cgi/content/abstract/18/2/225 (accessed January 13, 2009). Eleanor Roosevelt National Historic Site. "The Great Depression (1929-1939)." http://www.nps.gov/archive/elro/glossary/great-depression.htm (accessed January 16, 2009). Kranish, Michael. "Congress Boosts Obama on Economy." The Boston Globe. January 16, 2009, http://www.boston.com/news/nation/washington/articles/2009/01/16/congress_boosts_obama_on_economy/ (accessed January 16, 2009). Mandil, Claude. "Clean Energy for Progress." The Way we Will be 50 Years from Today. Nashville: Thomas Nelson, 2008. Marginal Revolution. "Did World War II End the Great Depression?" http://www.marginalrevolution.com/marginalrevolution/2007/01/did_world_war_i.html (accessed January 13, 2009). Quiggin, John. Crooked Timber. "The Economic Lessons of World War II." http://crookedtimber.org/2008/12/07/the-economic-lessons-of-world-war-ii/ (accessed January 13, 2009). Rainey, James. "Straight Talk on the Economic Crisis." Los Angeles Times, 7 January 2009, A13 |