NeoKeynesian Economics: The Iran War Vote as Economic Stimulus

CorpGovActivist

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Tue Jan-22-08 09:10 AM
Original message

NeoKeynesian Economics: The Iran War Vote as Economic Stimulus

http://en.wikipedia.org/wiki/Military_Keynesianism">Military Keynesianism holds that increased and expanding government wartime spending can serve as a stimulus to an economy.

http://www.google.com/search?hl=en&q=iran+force+resolution+clinton">Well, that's one way to explain and frame the Iran use of force resolution, I suppose.

- Dave

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ananda

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Tue Jan-22-08 09:14 AM
Response to Original message

1. Only when it works, though.

Under Bushinc, military economics got
privatized and corporatized, and so
did most of America.. to the great benefit
of the poor and the even greater detriment
of the many.

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CorpGovActivist

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Tue Jan-22-08 09:28 AM
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4. What? Your Boat Wasn't Lifted with the Rising Tide? n/t

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MadHound

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Tue Jan-22-08 09:19 AM
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2. We've already shot that arrow, we can't do so again for quite a while now.

That was part of what the Iraq/Afghan war was about, a big military stimulus package designed to help the folks at Lockheed and Haliburton. Trouble is, it put us into a trillion dollar hole, and we really can't do it again until we pay off some of that debt.

The macro is reflecting the micro, as individuals find themselves increasingly unable to buy due to their own personal credit problems, so the US is finding itself in the same hole. A lot of bills are thus coming due at once, and it will adversely effect us all.

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CorpGovActivist

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Tue Jan-22-08 09:21 AM
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3. Mere Trifles to a NeoHawk Dem! n/t

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opihimoimoi

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Tue Jan-22-08 09:33 AM
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5. The PUBs have Conned us...SCAMMED us....WHO can TRUST A PUB???

Only the delusional and LOLO

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CorpGovActivist

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Tue Jan-22-08 09:37 AM
Response to Reply #5

6. I'm Sure Each Senator Had His/Her Reasons on This Vote n/t

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fed-up

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Tue Jan-22-08 10:12 AM
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7. uhm, I thought we were at war and already spending max (that will be paid by future gens) nt

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NewJeffCT

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Tue Jan-22-08 10:13 AM
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8. By that logic, let's invade China

They've got like 15 times the population of Iran, so it would be 15 times the stimulus.

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ToeBot

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Tue Jan-22-08 10:43 AM
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9. I've taken (and passed) the obligatory 101 Economics course...

Ya know the one, it teaches you just enough economic theory to unquestioningly embrace free-market capitalism and to forever reject command economies. So pardon my poor understanding of Keynesian Economics, but isn't it essential that deficit spending infuse the domestic economy with yummy, yummy cash? It doesn't work if all you're doing is dumping big bags of money into a sinkhole half-a-world away. Admittedly, they are very large bags; plush, some would even call them turgid, but as economic stimulus they are quite worthless (flaccid?).

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opihimoimoi

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Tue Jan-22-08 07:13 PM
Response to Reply #9

10. Bush had someone else Take/Pass his 101 finals??? Obviously!!!!

MBA my ASS

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kineneb

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Tue Jan-22-08 07:29 PM
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11. that only works if the money goes to building/repairing military items

which means hiring people to build and repair them (see WWII, Vietnam). As they are (ab)using the National Guard and their equipment, there is no need for replacements to be built. The states are broke and cannot afford to immediately replace destroyed vehicles, etc.

Rummy's "limited war" does not benefit anyone except a few contractors and the mercenaries. How could it "stimulate" the economy?

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