[lbo-talk] Barney Frank on weaponized Keynsianism

Michael Pollak mpollak at panix.com
Wed Jun 24 09:02:58 PDT 2009


http://thinkprogress.org/2009/06/23/frank-f22-monopoly/

Barney Frank: GOP Thinks $2 Billion F-22 Project Is Funded By Monopoly Money

By Ali Frick on Jun 23rd, 2009 at 4:59 pm

Last week, over the objections of Defense

Secretary Robert Gates and the Obama administration, the House Armed

Services Committee restored funding for the basically useless F-22

fighter jet, in the process stripping funding for nuclear waste cleanup

efforts. Last night, Rep. Barney Frank (D-MA) filed an amendment to

restore the waste cleanup funds and eliminate the money for the F-22.

The move came after months of Republicans issuing dire warnings about

the consequences of suspending the F-22 program: Frank Gaffney, for

example, declared it would lead to "diminished military capability,

emboldening enemies, and alienating our friends."

On a press call hosted by the Center for American Progress Action Fund

this afternoon, Frank pointed out Republicans' hypocrisy in railing

against the deficit while simultaneously funding a $2 billion air force

jet that has never once flown a mission in Afghanistan or Iraq....

Frank also dismissed concerns that eliminating the F-22 will cost jobs:

These arguments will come from the very people who denied that the

economic recovery plan created any jobs. We have a very odd economic

philosophy in Washington: It's called weaponized Keynesianism. It is

the view that the government does not create jobs when it funds the

building of bridges or important research or retrains workers, but

when it builds airplanes that are never going to be used in combat,

that is of course economic salvation.

<end excerpt>

Michael



More information about the lbo-talk mailing list