"David Broder Calls for War With Iran to Boost the Economy"
I don't know if I can muster the shrillness this deserves, so let me turn it over to Dean Baker and Brad DeLong. Brad DeLong first:
There Should Be Resignations in Protest and on Principle from the Washington Post Today..., by Brad DeLong: ...but there should be such resignations every day. ...
David Broder... call[s] for Barack Obama to bomb Iran to get the economy moving? It would be good for the country if this monstrosity shut itself down today. ... Broder is ... monstrous:
[I]f Obama cannot spur that [economic] growth by 2012, he is unlikely to be reelected.... Can Obama harness the forces that might spur new growth?.... What are those forces?... One is the power of the business cycle.... What else might affect the economy? The answer is obvious, but its implications are frightening. War and peace influence the economy.
Look back at FDR and the Great Depression. What finally resolved that economic crisis? World War II.
Here is where Obama is likely to prevail.... [H]e can spend much of 2011 and 2012 orchestrating a showdown with the mullahs. This will help him politically because the opposition party will be urging him on. And as tensions rise and we accelerate preparations for war, the economy will improve.
I am not suggesting, of course, that the president incite a war to get reelected. But the nation will rally around Obama because Iran is the greatest threat to the world in the young century. If he can confront this threat and contain Iran's nuclear ambitions, he will have made the world safer and may be regarded as one of the most successful presidents in history.
David Broder Calls for War With Iran to Boost the Economy, by Dean Baker: This is not a joke (at least not on my part). David Broder, the longtime columnist and reporter at a formerly respectable newspaper, quite explicitly suggested that fighting a war with Iran could be an effective way to boost the economy. Ignoring the idea that anyone should undertake war as an economic policy, Broder's economics is also a visit to loon tune land. ...
Sorry Mr. Broder, outside of Fox on 15th the world does not work this way. War affects the economy the same way that other government spending affects the economy. ...
If spending on war can provide jobs and lift the economy then so can spending on roads, weatherizing homes, or educating our kids. Yes, that's right, all the forms of stimulus spending that Broder derided so much because they add to the deficit will increase GDP and generate jobs just like the war that Broder is advocating (which will also add to the deficit).
So, we have two routes to prosperity. We can either build up our physical infrastructure and improve the skills and education of our workers or we can go kill Iranians. Broder has made it clear where he stands.
Even they aren't shrill enough for my taste. Trying to sell a war by pointing to positive economic and political externalities is pretty disgusting, especially when the same economic benefits and then some can be realized by spending the money on infrastructure instead. Killing Iranians and Americans is not required. (And even if there was some way to justify going to war to spur the economy, the spike in oil prices that would surely occur would likely make things worse, not better.)
How about a war on joblessness? Had that war been conducted with the support of people like Broder, or without for that matter, the economy would be doing better, and Democrats would be doing better in the polls. I'm convinced of that. But the Broders of the world, the "serious people," aren't so serious when it comes to ordinary households struggling to make ends meet. Where's the support for their struggles? Why aren't they worth spending money on? Grrr.
Posted by Mark Thoma on Sunday, October 31, 2010 at 11:43 AM in Economics, Fiscal Policy, Press |
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