The Weapon of “Weaponized Keynesianism”

From “Obstruct and Exploit,” Paul Krugman, NYT:

“Anyway, do Republicans really believe that government spending is bad for the economy?  No.

“Right now, Mitt Romney has an advertising blitz under way in which he attacks Mr. Obama for possible cuts in defense spending — cuts, by the way, that were mandated by an agreement forced on the president by House Republicans [that would be you, Paul Ryan] last year.  And why is Mr. Romney denouncing these cuts?  Because, he says, they would cost jobs!

“This is classic ‘weaponized Keynesianism’ — the claim that government spending can’t create jobs unless the money goes to defense contractors, in which case it’s the lifeblood of the economy.  And no, it doesn’t make any sense.”

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