Iraq war has been nothing but good times for some people

[drewshin]

http://www.msnbc.msn.com/id/4947681/

There's nothing better for a temporary boost to the economy than a good war. Keep churning those Humvees, armor plates, uniforms out to Iraq for what the next five to ten years? When tax cuts fail you, when you fail to figure out how to really stimulate the economy and run out of fresh policies, I guess a nice little war will do the trick.

I love this comment:

"For us, the economy is great," said Allen, senior vice president and general manager of Armor Holdings Inc.'s Mobile Security Division. "It's a sad situation, but . . . " His voice trailed off, then he added, "I don't think anyone here is thinking about it that way.

Keep those war drums drumming! Give us more jobs and money! :beer:

 

[AcidicFury]

Wartime economies suck because after the war, if the government doesn't tax enough, it'll be in debt for years. Good thing the Shrub spent our surplus.

 

[Crimson]

Originally posted by: AcidicFury
Wartime economies suck because after the war, if the government doesn't tax enough, it'll be in debt for years. Good thing the Shrub spent our surplus.

Good thing you liberals can't make a point without name calling, because its going to give Bush 4 more years.

 

[dahunan]

Originally posted by: Crimson

Originally posted by: AcidicFury
Wartime economies suck because after the war, if the government doesn't tax enough, it'll be in debt for years. Good thing the Shrub spent our surplus.

Good thing you liberals can't make a point without name calling, because its going to give Bush 4 more years.

Hypocrite?

Is everyone who doesn't agree with Bush the Fvcktard a liberal?

 

[charrison]

Originally posted by: AcidicFury
Wartime economies suck because after the war, if the government doesn't tax enough, it'll be in debt for years. Good thing the Shrub spent our surplus.

ONly there was no surplus to spend...

 

[EagleKeeper]

Originally posted by: charrison

Originally posted by: AcidicFury
Wartime economies suck because after the war, if the government doesn't tax enough, it'll be in debt for years. Good thing the Shrub spent our surplus.

ONly there was no surplus to spend...

Surplus was predicted over a 10 year period based on the existing economic conditions.
Clinton did not have a balanced budget.

 

[charrison]

Originally posted by: EagleKeeper

Originally posted by: charrison

Originally posted by: AcidicFury
Wartime economies suck because after the war, if the government doesn't tax enough, it'll be in debt for years. Good thing the Shrub spent our surplus.

ONly there was no surplus to spend...

Surplus was predicted over a 10 year period based on the existing economic conditions.
Clinton did not have a balanced budget.

And given the current crop in DC, i having any surplus would have been spent.

 

[Jhhnn]

No surplus to spend? hummm... depends on how you look at it. In any event, the situation was a helluva lot better when Bush took office, started cutting revenues and began spending like a drunken sailor. When his pals took control of the Congress, they all went hog wild together, filling the corporate & military budget troughs to overflowing... starting a war that's costing us $5B/month, too...

At worst estimate, the budget was ~$33B in the hole for 2001, this year it will exceed $500B, with even more red ink in our future, thanks to the fiscally conservative Republicans running the show...

http://money.cnn.com/2001/10/29/economy/budget/

They obviously intend to destroy the fiscal integrity of the govt, ala Argentina.... Welcome to the flipside of fascism, where the corporations take over the govt...

 

[charrison]

Originally posted by: Jhhnn
No surplus to spend? hummm... depends on how you look at it. In any event, the situation was a helluva lot better when Bush took office, started cutting revenues and began spending like a drunken sailor. When his pals took control of the Congress, they all went hog wild together, filling the corporate & military budget troughs to overflowing... starting a war that's costing us $5B/month, too...

At worst estimate, the budget was ~$33B in the hole for 2001, this year it will exceed $500B, with even more red ink in our future, thanks to the fiscally conservative Republicans running the show...

http://money.cnn.com/2001/10/29/economy/budget/

They obviously intend to destroy the fiscal integrity of the govt, ala Argentina.... Welcome to the flipside of fascism, where the corporations take over the govt...

Defecits are being projected downward. These are still not record breaking by any means.

 

[dahunan]

You know that our sustained Interest Rate is record breaking though.. right?

What will happen to this economy when Greenspan is forced to start bringing the Interest Rate back to the proper level?

 

[Zebo]

Yup I got a $20000 raise these past two years. My dad is selling 20M in product a year to the USG. I love taxpayers.

 

[Jhhnn]

Defecits are being projected downward. These are still not record breaking by any means.

"Projected downward?" By who? Pie in the sky supply side economists? Bush Admin officials? Uber-right think tanks? Bush fanbois in deep denial?

"not record breaking by any means?" Probably not in terms of adjusted dollars and % of the total economy, but they're close, real close, and there's that little matter of more money for the war in Iraq- after the election, of course... maybe a continuing adventure in Syria, from what I've been hearing... Try pooh-poohing the total debt load, while you're at it, which is the real issue...

What kind of excuses will we get when interest rates go back up, and debt maintenance on 20 years of failed trickle down false promises becomes 20% or so of the entire federal budget? 25% of actual revenues? Cut taxes for rich folks some more? Spend more on the military? More Corporate Pork?

 

[glenn1]

Iraq war has been nothing but good times for some people

"For us, the economy is great," said Allen, senior vice president and general manager of Armor Holdings Inc.'s Mobile Security Division. "It's a sad situation, but . . . " His voice trailed off, then he added, "I don't think anyone here is thinking about it that way."

And rainy weather is good for umbrella manufacturers, so what's your point? Unless you're a total conspiracy theorist, I doubt you honestly think the government wishes to get involved in an armed conflict just so as to toss a couple of jobs the way of defense contractors, any more than Uncle Sam wishes it would rain so as to create umbrella-making jobs.

 

[Zephyr106]

Originally posted by: glenn1

Iraq war has been nothing but good times for some people

"For us, the economy is great," said Allen, senior vice president and general manager of Armor Holdings Inc.'s Mobile Security Division. "It's a sad situation, but . . . " His voice trailed off, then he added, "I don't think anyone here is thinking about it that way."

And rainy weather is good for umbrella manufacturers, so what's your point? Unless you're a total conspiracy theorist, I doubt you honestly think the government wishes to get involved in an armed conflict just so as to toss a couple of jobs the way of defense contractors, any more than Uncle Sam wishes it would rain so as to create umbrella-making jobs.

Ummm, throughout history warfare has repeatedly been used by nations to bolster their economies in various ways.

Zephyr

 

[glenn1]

Ummm, throughout history warfare has repeatedly been used by nations to bolster their economies in various ways.

To paraphrase a famous comedian (who was talking about getting married for the sex)...

"That's like buying an airplane to get the free peanuts."

 

[Jhhnn]

Your comment, glenn 1, assumes that the airplane buyer is using his own money, or that he feels some sense of fiduciary duty to the principal. In this particular case, that principal would be the taxpayers, and the fiscal integrity of the govt.

Strangely enough, the people whose ideas most strongly influence the current admin are strongly anti-govt. Take the teachings and the behind the scenes manipulation of their spiritual guru, Grover Norquist-

http://www.commondreams.org/views03/0225-10.htm

So, yeh, buying the airplane makes sense, even if you don't want the peanuts, if the real objective is something else entirely.

Oh, yeh, he likened the inheritance tax to the holocaust, too-

http://www.rmpn.org/weblog/archives/permalink/000176.cfm

 

[Genesys]

Originally posted by: AcidicFury
Wartime economies suck because after the war, if the government doesn't tax enough, it'll be in debt for years. Good thing the Shrub spent our surplus.

good thing it wasnt much of a surplus then, huh? as i recall, it was more of a projected surplus so long as we kept out military and intelligence funding castrated.

 

[AmdInside]

There was no surplus in the 90s. There was actually a deficit. Clinton took lots of money from social security to give the impression of a surplus. It will have to be made up somehow. Wish some president would step in a lock down the social security savings so that no one can touch it damn it. I wonder if Clinton is going to write about how he took money from social security in his new book coming out.

 

[Jhhnn]

Every Admin/congress since and including Reagan has spent the SS surpluses. Which isn't a big deal, really, if the govt is in a highly solvent position, with the ability to pay that back as required. OTOH, if the govt is overextended, and a bad credit risk, those of us who paid that extra will find ourselves the victims of a highly regressive tax scheme, designed to benefit only the uber-wealthy...

From all appearances, that is exactly what's happening...

 

[biostud]

Originally posted by: drewshin
http://www.msnbc.msn.com/id/4947681/

There's nothing better for a temporary boost to the economy than a good war. Keep churning those Humvees, armor plates, uniforms out to Iraq for what the next five to ten years? When tax cuts fail you, when you fail to figure out how to really stimulate the economy and run out of fresh policies, I guess a nice little war will do the trick.

I love this comment:

"For us, the economy is great," said Allen, senior vice president and general manager of Armor Holdings Inc.'s Mobile Security Division. "It's a sad situation, but . . . " His voice trailed off, then he added, "I don't think anyone here is thinking about it that way.

Keep those war drums drumming! Give us more jobs and money! :beer:

Or you could have used some of the money to build an even better America, lots of jobs in that sector too. But I guess that wouldn't be very fun for those politicians with stocks in the MIC (Military Industrial Complex)