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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Steve Lokness who wrote (191964)6/18/2012 11:28:52 AM
From: cnyndwllr  Read Replies (1) | Respond to of 543799
 
Steve, re: "If you say the wars were not keynes type spending programs, I'll be happy to argue that fact with you."

Sending plane loads of cash to evaporate in Iraq or to enrich corrupt Iraqi politicians and multi national corporations might have been a little more stimulative of the Iraqi and the world economy than our own.

I'm not saying that buying tanks, bullets and paying for medical care for wounded soldiers didn't stimulate our economy, but spending that money here on roads, bridges, or just giving it away would have been much more effective. Ed



To: Steve Lokness who wrote (191964)6/18/2012 12:09:13 PM
From: bentway  Read Replies (1) | Respond to of 543799
 
The first was barely a recession - economists actually argued about it. The second was at the very END of his second term, that we're still feeling today. Most of Bush's terms were times when he should have eliminated his own tax cuts and paid down the deficit ( or AT LEAST paid for his own wars ), as per Keynes. He didn't.


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