February 22, 2024
Bidenites promote war as newest policy to bring back jobs and stimulate economy
By Jack Hellner
If you have questions about the amount of money being given to Ukraine, and want accountability, you’re said to be pro-Putin. That is garbage. We should always question how taxpayer money is spent, and for what purpose.
War can be necessary, and war is expensive, but it should never be an economic policy!
On Sunday, The Wall Street Journal published this article:
How War in Europe Boosts the U.S. Economy
Proponents of support for Ukraine usually invoke U.S. strategic interests or moral obligations. Lately, they are making a more calculating case: It is good for the economy.
…
Industrial production in the U.S. defense and space sector has increased 17.5% since Russia launched its full-scale invasion of Ukraine two years ago, according to Federal Reserve data.
Biden administration officials say that of the $60.7 billion earmarked for Ukraine in a $95 billion supplemental defense bill, 64% will actually flow back to the U.S. defense industrial base.
‘That’s one of the things that is misunderstood…how important that funding is for employment and production around the country,’ Lael Brainard, director of the White House National Economic Council, said in an interview Wednesday.
Well, then why don’t we just run up debt to fund all the wars in the world since it is so great for the economy? After all, it provides jobs and gives a boost to our economy.
Is the spending on the war hiding weakness in the rest of the economy? It appears so.
more
https://www.americanthinker.com/blog/2024/02/bidenites_promote_war_as_newest_policy_to_bring_back_jobs_and_stimulate_economy.html
