Thursday, February 12, 2009

This is the kind of 'reasoning' that Obama & Co.

think counts as economic thinking:
For the purpose of a Keynesian stimulus it doesn’t matter if it’s spent on a park or a highway beautification project. Any spending is better than tax cuts, you could pay people to dig holes and fill them up again and that would be superior to tax cuts. Spending on parks or museums would also be better than military spending, which most of these fools have no problem with, because military spending tends to be very inefficient at creating jobs.
Got that? ANY spending is better than you keeping what you earn to spend as you wish. Effing morons.

And I think all the places that are going to lose piles of jobs when Pres. The Obama cuts military spending are going to argue about the 'inefficient at creating jobs' line.

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