----- Original Message ----- From: Doug Henwood <dhenwood at panix.com> To: lbo-talk <lbo-talk at lists.panix.com> Sent: Friday, June 14, 2002 4:14 PM Subject: factoid
> Credit Suisse First Boston points out in their weekly economic commentary:
>
> >Defense spending contributed as much as 0.7 ppt to GDP growth in the
> >first quarter (more than twice its average annual contribution to
> >growth in the defense build-up years of the 1980s)
>
>
Not only that but the FBI requirement that the telecoms upgrade their networks so that they can spy on us is capital spending that would not have happened (maybe, for awhile) pre 9/11. Wonder what the total expenditure will be.