- Aug 27, 2008
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OK, I missed this. From Romneys 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 todays 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 its spending on the military (or on the medical-industrial complex), in which case cutting spending destroys jobs.
Mitt Romney, Weaponized Keynesian - NYTimes.com
Well, Paul Krugman should certainly know a Keynesian when he sees one. And don't forget the gem where Romney says we can't cut $1 trillion in government spending because that would hurt the economy, which I think just makes him a regular Keynesian.
[ame=http://www.youtube.com/watch?v=C8g8YcCe_io]Mitt Romney says cutting spending will hurt economy and destroy jobs - YouTube[/ame]