Economic Benefit of Ending The Iraqi Occupation – Soldier’s Capital!Submitted by begintowin on Sat, 01/26/2008 - 15:08
American history is the great pedagogue of the people. We learn from past mistakes as well as our successes. One of the positive stories of our country is the “roaring twenties”.
The 1920’s era was a time of great economic gain, brought on by the end of World War I. Returning soldiers spent their paychecks on consumer goods, thereby infusing new capital into the wealth of the nation (see: http://en.wikipedia.org/wiki/Roaring_Twenties)
“…At the end of World War I, soldiers returned to the United States and Canada with money in their pockets and many new products on the market to spend it on. At first, the recession of wartime production caused a brief but deep recession, known as the Post-WWI recession. Quickly, however, the U.S. and Canadian economies rebounded as returning soldiers re-entered the labor force and factories were retooled to produce consumer goods.”
What American businesses are helped by the return from Iraq of 174,000 military men and women with their government paychecks?
1. Housing (renting/buying apartments, starter homes, etc.)
2. Retail (New clothes needed to begin acclimating back into civilian life)
3. Construction (many returning military have building expertise. There is a shortage of qualified construction employees in the U.S. Just look at why school construction costs are climbing at a high rate
4. Entertainment/food – (many are tired of bland military food and look forward to having a good time back home!)
5. Education – The GI bill allows them to return to new educational opportunities.
The biggest benefit is to the U.S. treasury by stopping the outflow of 8 billion dollars a month!
So does ending the Iraq police action help the U.S. economy? You bet it does!