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pnwmom

(108,994 posts)
22. Not that this should be a factor in deciding, but wars typically stimulate economies.
Sun Sep 7, 2014, 11:44 PM
Sep 2014

Last edited Mon Sep 8, 2014, 11:30 AM - Edit history (2)

So fighting ISIS might not damage our economy.

http://krugman.blogs.nytimes.com/2008/01/29/an-iraq-recession/

One thing I get asked fairly often is whether the Iraq war is responsible for our economic difficulties. The answer (with slight qualifications) is no.

Just to be clear: I yield to nobody in my outrage over the way we were lied into a disastrous, unnecessary war. But economics isn’t a morality play, in which evil deeds are always punished and good deeds rewarded.

The fact is that war is, in general, expansionary for the economy, at least in the short run. World War II, remember, ended the Great Depression. The $10 billion or so we’re spending each month in Iraq mainly goes to US-produced goods and services, which means that the war is actually supporting demand. Yes, there would be infinitely better ways to spend the money. But at a time when a shortfall of demand is the problem, the Iraq war nonetheless acts as a sort of WPA, supporting employment directly and indirectly.

SNIP

Recommended. (nt) NYC_SKP Sep 2014 #1
Who are the real terrorists? Downwinder Sep 2014 #2
The elected ones in Washington, DC (nt) bigwillq Sep 2014 #27
The ones who control those elected in DC. nt grahamhgreen Sep 2014 #37
To the 1 to 3%'ers packman Sep 2014 #48
It is the consolidation of wealth and power Downwinder Sep 2014 #58
REPUBLICANS! NUMBER 1 ENEMY of the STATE! markmyword Sep 2014 #62
Koch Brothers, Mitch McDonnel, John McCain... Rockyj Sep 2014 #73
I've been spared from the predatory banks, but my ex hasn't. House of Roberts Sep 2014 #3
Terrorist attack. zappaman Sep 2014 #4
I worry about Both Iamthetruth Sep 2014 #63
I confess I get a twinge commuting through the once buried WTC station, when there's extra security bettyellen Sep 2014 #77
I'm askeered onecaliberal Sep 2014 #5
Once a liberal? Trajan Sep 2014 #13
I don't know what the hell you're onecaliberal Sep 2014 #15
I think cheri010353 Sep 2014 #36
Have another look. n/t bvf Sep 2014 #80
“The Odds of Dying In a Terrorist Attack Are a Lot LOWER than They Are of Dying In a Car Accident” ForgoTheConsequence Sep 2014 #6
We spend more $$ on defense than the next 11 nations combined, 10 of which are allies, and .... Scuba Sep 2014 #7
+1. n/t Laelth Sep 2014 #41
My Republican relatives Bettie Sep 2014 #8
These questions wouldnt be asked if they had us scared enough DJ13 Sep 2014 #9
Be afraid, be very afraid of having no health insurance, no bank account, no job, no home, no food. Dont call me Shirley Sep 2014 #10
312 million people cowering in fear of the 1% jtuck004 Sep 2014 #88
All of the above. 840high Sep 2014 #11
We're all going to die someday and most of us don't know how it will happen, we just know it will. proReality Sep 2014 #12
No vacation in at least 5 years. Just trying to JEB Sep 2014 #14
certainly not a terrorist attack! NRaleighLiberal Sep 2014 #16
Neither. Nye Bevan Sep 2014 #17
The Real Terrorists - Oligarchs, Corporations And Banks cantbeserious Sep 2014 #18
Crap yes I am worried about food, rent, and medical costs. airplaneman Sep 2014 #19
We are currently littlemissmartypants Sep 2014 #20
I'm more concerned about the pillow on my bed killing me than a terrorist. obxhead Sep 2014 #21
Not that this should be a factor in deciding, but wars typically stimulate economies. pnwmom Sep 2014 #22
This was true in WWII. kiva Sep 2014 #24
Halliburton is based in Dubai now, so that's where our money would go. arcane1 Sep 2014 #28
in those days people were willing to give something up, this is not the case anymore JI7 Sep 2014 #31
Like the rest of the stimulation these days, it goes to the .01% grahamhgreen Sep 2014 #39
How did the Iraq War stimulate the economy over he past decade? It made a few people very sabrina 1 Sep 2014 #49
Unfortunately, it was part of the bubble, before the banks caused the crash. pnwmom Sep 2014 #51
Is that so. Marr Sep 2014 #50
Yes. That's what Paul Krugman, the progressive, Nobel prize winning economist said. pnwmom Sep 2014 #52
In the very short term, of course it spurs some activity. Marr Sep 2014 #56
The Iraq war didn't crash our economy. The reckless actions of the banks crashed our economy. n/t pnwmom Sep 2014 #65
The Iraq War has been a drag on our economy. /nt Marr Sep 2014 #66
Do you have evidence for that? pnwmom Sep 2014 #67
Well, this fellow agrees with me. Marr Sep 2014 #68
This is 6 years later. How is it a drag on the economy since Obama pulled us out? n/t pnwmom Sep 2014 #69
How is that relevant? Your statement was that war is an economic stimulus. Marr Sep 2014 #71
Obama said it during the Presidential campaign when the war was going on. pnwmom Sep 2014 #81
That isn't what Krugman said. Marr Sep 2014 #82
Huh. bullsnarfle Sep 2014 #74
Yes and No. War does stimulate government spending, but it's not productive spending. Yavin4 Sep 2014 #59
Of course there are other better ways, like spending on infrastructure, to stimulate the economy. pnwmom Sep 2014 #64
The problem with that is there's no way to re-pay the stimulus Yavin4 Sep 2014 #72
K&R abelenkpe Sep 2014 #23
I'm more concerned about Americans whatchamacallit Sep 2014 #25
Energy prices, being underpaid and overworked, high taxes, paying bills bigwillq Sep 2014 #26
I only fear for defacto7 Sep 2014 #29
Random Gun attack, Drunk Drivers, Creepy Perverts more than Terrorist ATtacks JI7 Sep 2014 #30
I'm more concerned about global climate change and the nuclear power plant up Cleita Sep 2014 #32
There are probably a thousand things I worry about more than being a victim of terrorism. factsarenotfair Sep 2014 #33
wasn't that the best? Voice for Peace Sep 2014 #35
I'm still getting chills!!! n/t factsarenotfair Sep 2014 #44
yes. not worried about terrorists at ALL. Voice for Peace Sep 2014 #34
I've got duct tape and plastic, so I guess the food and rent thing. grahamhgreen Sep 2014 #38
Terrorist shmerrorist Tom Ripley Sep 2014 #40
Terror attacks aren't even in my top 50 worries hobbit709 Sep 2014 #42
and you didn't make this a poll? yuiyoshida Sep 2014 #43
I'm more concerned about idiots with guns than terrorists. Iggo Sep 2014 #45
More afraid of what terrorists do to others than what they might do to me. pampango Sep 2014 #46
Totally with you, Forgo. closeupready Sep 2014 #47
what terrorists r doing to other people samsingh Sep 2014 #53
Concerned about housing not food daredtowork Sep 2014 #54
yes. Phlem Sep 2014 #55
I am concerned with both of those and many other things MynameisBlarney Sep 2014 #57
This also points out a flaw in the Republican philosophy of running government like a business. A Simple Game Sep 2014 #60
Best answer yet. llmart Sep 2014 #87
I don't think a person has to be afraid of being personally attacked by terrorists loyalsister Sep 2014 #61
No. Isis is just another boogeyman. Initech Sep 2014 #70
TPTB have diligently perpetuated an abject fear of terraist attacks so MIC indepat Sep 2014 #75
+1 Today I was attacked by an organization SomethingFishy Sep 2014 #76
inafix income heaven05 Sep 2014 #78
I'm Not All That Worried About Any In Your Sentence ProfessorGAC Sep 2014 #79
more concerned about putting food on my family AtomicKitten Sep 2014 #83
The General Welfare should be top priority. Enthusiast Sep 2014 #84
I am concerned about both Algernon Moncrieff Sep 2014 #85
this is a serious question 1dogleft Sep 2014 #86
They're all predators, always looking for new ways to nickel and dime you arcane1 Sep 2014 #89
College tutition. Social Security. Terrorist attack not on list. cheapdate Sep 2014 #90
the reichwing nutjobs and woman-hating terrorits in THIS country worry me a hell of a lot niyad Sep 2014 #91
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