Tuesday, September 23, 2008

Who lost the Cold War?

Let's just assume that President Reagan intentionally pushed the country into massive deficit spending to challenge the U.S.S.R. to meet our spending levels, thereby forcing it into bankruptcy since our economic power was superior. The patterns of government and consumer spending that were reinforced during the 1980's were then a strategic vision. If this was so, then these patterns should have been immediately reversed at the "victory" over the U.S.S.R. and its subsequent collapse. Instead, those patterns continued until the U.S.'s profligate ways forced it also into bankruptcy. Therefore, it was the victorious strategy that won the Cold War that has led to our current financial collapse. So who "won" the cold war? Nobody. It resulted in the bankruptcy of both combatants.

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