Monday, February 18, 2008

We are all war-Keynesians now

George Bush on NBC's Today --

I think actually the spending on the war might help with jobs. Because we're buying equipment and people are working. I think this economy is down because we built too many houses.

Among the ironies of this analysis is that it never appears when he is attributing the strength of the economy to his deficit-financed tax-cuts.

Note: the quote is in the video, not in NBC's reporting of the interview. Hopefully there will be a transcript soon.

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