Ford Airplane plant

if ever in the area again, visit the SAC Museum exit426 I-80. several planes inside including an SR-71 just inside the frt door.
 
V8COOPMAN said:
I know you mean well, but I'm sitting here just shaking my head. In the first place, there's NO money left. And we're still GIVING more BILLIONS of it away (backed by IOUs) to whomever thinks they're entitled to free stuff. DD
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There hasn't been any "money" since the mid-1830s. The debt to GDP ratio also skyrocketed during WW2 to above 100%. The country still "got 'er done" despite the lack of money. The government will continue to print more to pay its suppliers, just as it always has done.

http://www.theatlantic.com/business...t-from-1790-to-2011-in-1-little-chart/265185/

That said, our military technology is as such that any conflict could be ended quite quickly if we were willing to end a large number of lives and (effectively) destroy a large amount of land permanently. The need to ramp up and manufacture a huge number of ships, planes, and land-based vehicles to fight a war against other humans is long gone.
 
mhsprecher said:
The U.S. has always funded its wars using deficit spending. The largest deficit that the U.S. ever ran as a percentage of GNP was in WWII. https://en.wikipedia.org/wiki/History_of_the_United_States_public_debt
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Good point. And it could never happen again.

Not only did the US Government win the Second World War by huge deficit spending --- almost 120% of GDP--there were extremely high taxes levied, both personal and corporate, some rates about 90%.

There was also the Government take over of private industry, to ensure production matched the war goals. Raw materials were controlled and rationed.

There was also Gas Rationing, Food rationing, and material / goods rationing. Price fixing and rent freezing and a national speed limit of 35mph.

And also the restriction of personal liberties.

Like I said, it could never happen again.
 
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A friend of mine has a couple interesting local photos of Tri-Motors. Local flying legend Clyde Ice somehow found the money to buy 2 new ones during the depression. The photos show several men lined up in front of the planes. 2 of these men are Calvin Coolidge and Al Capone. Both of whom like to spend time in the Black Hills of SD.
 
They did a great job in WWII. They took no bailout money in '08 (?).

Now they are building a new plant in MEXICO with 2800 jobs, at a cost of $1.6 billion!!!
My opinion of the present day company is diminished.
 
Royal Ryser, Ford has had a plant(s) in Mexico since 1925. They've added over 25,000 jobs in the US over the last 5 years. Spent 10 billion here with plans to spend another 9 billion on US plants in the near future.
 
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Had this in my "back yard" summer of 2014, stayed overnight as we were having a neighborhood party. Aircraft is beautifully restored.
 

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