Employment: the Obama Recovery. Nukes, Israel

The economy continues to recover under Obama. More people are working and they are working harder to avoid getting fired. Employment is increasing at about the same rate as during the George Bush recovery, the Bill Clinton recovery, the Ronald Reagan recovery, the Ford-Carter recovery, and the Kennedy-Johnson-Nixon recovery. Business cycles are just that — cycles. After a fall the economy rises. The overall trend is upward and that trend shows no sign of reversing. The third graph attached shows a logarithmic graph for the x axis so the vertical distance represents a percentage gain / loss. On a percentage basis the recent George Bush crash was serious but not as bad as the End of World War II Harry Truman economic upheaval

Truman’s decision to use nuclear weapons against Japan led to a speedy end of the war but remains controversial. His presidency was a turning point in foreign affairs as the nation supported an internationalist foreign policy in conjunction with European allies. Working closely with Congress, Truman assisted in the founding of the United Nations, issued the Truman Doctrine to contain communism, and passed the $13 billion Marshall Plan to rebuild Europe. the Cold War began. He oversaw the Berlin Airlift in 1948 and the creation of NATO in 1949. When communist North Korea invaded South Korea in 1950, he immediately sent in U.S. troops and gained UN approval for the Korean War.

Truman was sympathetic to a Jewish homeland in Palestine. As a senator, he had assured Jewish leaders of his support for Zionism, and at a 1943 rally in Chicago had called for a homeland for those Jews who survived the Nazi regime. A Jewish homeland in Palestine was widely popular in the United States, and Jewish support could be key in the upcoming presidential election. However, State Department officials were reluctant to offend the Arabs, who were opposed to the establishment of a Jewish state in their midst. Secretary of Defense James Forrestal warned Truman of the importance of Saudi Arabian oil in another war; Truman replied that he would decide his policy on the basis of justice, not oil. Truman was weary of both the convoluted politics of the Middle East and of the urgings of Jewish leaders through his term in office, and was undecided on his policy. He later cited as decisive in his decision to recognize the Jewish state the advice of his old business partner, Eddie Jacobson, a non-religious Jew whom Truman absolutely trusted. Marshall believed the paramount threat to the U.S. was the Soviet Union and feared that Arab oil would be lost to the United States in the event of war; he warned Truman that U.S. was “playing with fire with nothing to put it out”. Truman recognized the State of Israel on May 14, 1948, eleven minutes after it declared itself a nation.


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