The False WWII Analogy

National Review ^ | August 24, 2011 | Victor Davis Hanson

[Shery]

The False WWII Analogy Obama’s America is more like Attlee’s Britain than Truman’s America.

Since 2009, the example of the economic boom following World War II has been used by Keynesians to justify their record “peacetime” levels of borrowing intended to lift the U.S. out of the doldrums. Indeed, the more the contemporary borrowing fails, the more the vast indebtedness of the war years is invoked to reassure us. On occasion a wry lament follows that if only a spaceship full of dangerous aliens were to appear, we might have the requisite excuse to follow our ....

[KarlInOhio]

One huge difference is V-J day. When Japan surrendered the war was over. Government spending on the war disappeared, rationing ended and people were free to decide how to produce and consume for their own purposes. There will be no V-J day lifting the yoke of any of the current proposals off our shoulders.