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Tuesday, August 16, 2011

Obama's contradictions

The contradiction of Obama's excuses:

Obama says the economy is flailing because of the destruction

wrought by the tsunami in Japan;

but Obama voodoo priest Paul Krugman says the destruction of a WWII

or a hypothetical war against space aliens would stimulate the economy.

In Keynesian theory, where only demand matters (as Jay Carney lectured last week unemployment checks stimulate employment), shouldn't Japan's need to buy products abroad to replace those it can't make any longer itself, as its industry shut down have stimulated the American economy?