Or, you could call it military socialism

This is a great Barney Frank quote that I read on Paul Krugman’s blog, but that originally came from Think Progress. Frank, a Massachussets Democrat, said during a press call hosted by the Center for American Progress Action Fund that the Republicans were being hypocritical in their opposition to the Democrats’ stimulus bill, given the GOP’s consistent use of the military budget to prime the pump:

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.

As with the family values schpiel, the GOP has been shown to have no clothes.

Unknown's avatar

Author: hankkalet

Hank Kalet is a poet and freelance journalist. He is the economic needs reporter for NJ Spotlight, teaches journalism at Rutgers University and writing at Middlesex County College and Brookdale Community College. He writes a semi-monthly column for the Progressive Populist. He is a lifelong fan of the New York Mets and New York Knicks, drinks too much coffee and attends as many Bruce Springsteen concerts as his meager finances will allow. He lives in South Brunswick with his wife Annie.

Leave a comment