Thursday, June 25, 2009

Quote of the Day: 6/25/2009

June 24, 2009, 10:00 am

Weaponized Keynesianism

A great line from Barney Frank, about Republicans trying to preserve funding for the F-22:

"These arguments will come from the very people who denied that the economic recovery plan created any jobs. We have a very odd economic philosophy in Washington: It’s called weaponized Keynesianism. It is the view that the government does not create jobs when it funds the building of bridges or important research or retrains workers, but when it builds airplanes that are never going to be used in combat, that is of course economic salvation."

From Paul Krugman’s NYT blog.

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