Tuesday, September 4, 2012

Mitt Romney as Weaponized Keynesian

Who other than Paul Krugman to spot a Keynesian. Krugman points out the evidence Mitt Romney is a warmonger with Keynesian justifications:

OK, I missed this. From Romney’s acceptance speech, attacking Obama: 
His trillion dollar cuts to our military will eliminate hundreds of thousands of jobs, and also put our security at greater risk;
His $716 billion cut to Medicare to finance Obamacare will both hurt today’s seniors, and depress innovation – and jobs – in medicine. 
And his trillion-dollar deficits will slow our economy, restrain employment, and cause wages to stall.
OK, so deficit spending hurts the economy — unless it’s spending on the military (or on the medical-industrial complex), in which case cutting spending destroys jobs.

Krugman correctly calls Romney's policy weaponized Keynesianism.


  1. Doesn't this make it hard for Krugman to blame everything on Republicans?

  2. But... but... isn't this exactly what Krugman has been supporting all this time?

    Is it wrong only because a Republican said it?

  3. An this observation of Romney surprises who? The whole neocon Republican party is guilty of this ridiculous logic. And yes, the Demos are just as vulnerable to this attack.. so that leaves us with a Ron write-in.

  4. his reason, academic and government Keynesian economists have recommended additional military spending to help the economy out of the current recession.