This is an interesting piece on air power in-general and some mentions of strategic bombing in WWII.
The author doesn't mention a few important points.
WWII strategic bombing of Germany:
1.It was in effect yet another front (just like the Soviet Union, Italy and France). The German people and logistics tied up in various facilities, flak batteries and fighters tasked for home defense helped even more, to bleed them white.
2.Bombing Germany was instructive to the German populace of what happens when you put a murder in charge of your country. Retaliation. And, a good object lesson for future generations. You want war? Fine. Here it is. Eat it.
3.These were still early days of combat aviation. Man was still learning technology that was appearing faster than their ability to know how to use it.
3. In 1944, with all that bombing, Germany had a high production year for fighter aircraft. The huge problem (which was the same for Japan) was Germany's lack of understanding of the pilot pipeline. By 1944 Germany had low hour rookies and a small number of highly excperience aces. Where the ace said, "we flew until we got the iron cross or the wooden cross."
The U.S. for example, by this time, could get a huge number of low-to-average pilots to the front who may have had a few hundred flight hours before they even saw combat. A big difference from a German 20-hour (or less) wonder. Pilots with experience--in large quantity--went home to teach rookies. The mismatch by 44 was large.
Air power is not everything in war. Not having it in a peer-to-peer fight means you risk losing.
Badly.