From Bloomberg
''You don’t hear much about the battle of the Machine Tool Reserve anymore, and that’s a shame. Fought inside the Beltway in the mid-1950s, it was a defining tussle over the nature of postwar national defense.
On one side were Harry Truman and Charles E. “Electric Charlie” Wilson, the ex-head of General Electric. On the other were Dwight Eisenhower and Charles E. “Engine Charlie” Wilson, the ex-head of General Motors. The former wanted to stockpile industrial equipment and raw materials that could be used to jumpstart arms production in the event of war. The latter wanted to stockpile the arms themselves, continuously replacing and upgrading them even in times of peace.''
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