Given the "logic" of this piece, Bush must immediately order every available B-52 into the air and saturation bomb every major American city.
Now THAT would be a REAL "BOOM."
Given the "logic" of this piece, Bush must immediately order every available B-52 into the air and saturation bomb every major American city.
Now THAT would be a REAL "BOOM."
You are 100% correct. I'm stunned that on THIS site, this kind of idea is given credence. This notion has been covered by conservative economists many times. Sowell, Williams, Friedman, and Hazlett (sp?) especially. I believe it was Hazlett who called it the "broken window theory." Smash a storefront window and just stand back and wait for the economic prosperity as the repairman, the glass manufacturer, the glass seller, etc. all now have jobs and in turn take their wages and buy other things. Absurdity! Think of it this way. BEFORE Katrina you had X number of homes and businesses. AFTER Katrina (if the city is rebuilt) you will have spent 10s of billions of capital and irreplacable things like time, and what will you have? Exactly and precisely what you had BEFORE Katrina. Or... I set my house on fire, and then rebuild it, using all my savings. Before fire I had house and savings, after fire, I have house only.