Why does the economy stink--I thought war was supposed to boost the economy?

Answer 1

What planet are you on...The dow is way up jobs are out there.Are you even old enough to work?

Answer 2

The economy is up, but not because of the war. It is an illusion that war is good for economies. Modern warfare is hugely expensive. The increase in defense related industries in no way offsets the added costs of fielding all that military hardware overseas. WW2 seemed to be a good thing for the economy back then because it provided lots and lots of much needed employment. Filling all those new manufacturing jobs finished off the last of the depression. When we went to war in Iraq, the economy was down a bit, but nowhere near in a depression. Unemployment was down below 7%, so the added jobs didn't really affect the economy much. Had 9/11 and Iraqi Freedom not happened, the economy would have exploded. We are doing pretty good now. Imagine how much better things would have been without the war expenses. This is not an indictment of the war, its just a what-if scenario. I actually support the war, but I'm also a realist. All that money would have stayed in the economy opening up a multitude of possibilities for prosperity. The added tax revenue would have (probably) generated a budget surplus which the Republican held (at that time) government would have handed back to the taxpayers, who in turn, would spend it and generate even more tax revenue.....and so on.

Wow, I kinda wandered off with that one, didn't I? Bottom line: The economy doesn't stink and war isn't good for the economy.

Answer 3

The war has boosted the economy for the upper 2% with corporate wellfare. The upper 2% recieved tax breaks along with no-bid contracts through the Iraq war. The rest of America pays for it all too, thus inflation with a recession. It is rediculous to have tax breaks with 2 wars going on at the same time. This is why the deficit has climbed to new record heights with the Bush Administration policies. They (The Republicans) couldn't care less, since they are making their money off of the war right now while everyone else starves.

Answer 4

its funny how no one talks about how good the economy is doing since bush is president... but when clinton was in office... thats the number one talking point..... "The Economy!" the economy is great.... how bout you research a tad before you make factless allegations. Just a few days ago the dow jones and the s & p 500 broke their all time records simultaneously. with a question like this id assume u dont even know what im talking about... but oh well... ignorance is bliss right..

thats the one thing liberals have to shutup about when it comes to bush. The Economy.... their lips are sealed completely. at least give the guy that for christ sake.

Answer 5

War unarguably has helped our economy. Growth and job creation in Bush's second term have almost been limited to sectors that have benefited from the out of control deficit spending.
The economy doesn't really suck - unemployment and inflation are both low and growth has been reasonable.
However the massive deficits accumulated are putting pressure on interest rates and the dollar. As the dollar continues to plummet Americans are getting poorer. Despite Bush loving to speak of the jobs he has created, more and more people are falling into poverty. 44 million have no health insurance.
The issue is that economic growth is not an end in itself (despite what a lot of people seem to think).

Answer 6

There are certain states like Michigan that have poor economies. In general that can be blamed on Liberals. Unions wanting to work less for more pay which is passed on to customers who buy less domestic cars. A governor (Liberal Democrat Granholm) who raised taxes in an all out effort to slow the economy. Spending can stimulate an economy only for so long. Then, the debt has to be paid with higher taxes and a slower economy. Spending on defense can stimulate the economy only for so long. As taxes are raised to cover it, the economy slows. No one is willing to cut spending to pay for things. The real solution is to cut taxes. This will speed up the economy and more people will be employed. This will raise revenue. Oh wait, That's what George bush did. It worked pretty well. The economic disaster which was looming after 9/11 was averted. Joblessness decreased and the economy boomed everywhere taxes weren't increased like in states like Michigan.

Answer 7

The economy doesn't stink, but boosting the economy has never been a reason for the US to go to war.

Answer 8

Wars can't boost the economy if you cut taxes during them and pay for them using a credit card.

Answer 9

Depends on the area of the economy. A lot is suppressed, and I could care less about the Dow!

Those on corporate Welfare seem to be doing very well. Bush has run up, by himself, 3 1/2 Trillion, while all the other presidents combined ran up 4!

There are not a lot of well paying jobs out there, and they are disappearing!

http://www.youtube.com/watch?v=GXATMnerBjI&mode=related&search=

Answer 10

If you look at statistics, it tells you the economy is growing. But thats because Bush is counting the money he spent on war as part of the economy. It is called government spending and is certainly part of what is called GDP.

Isnt this nuts? you waste money then count it as part of growth.

Answer 11

Stink?

Since Clinton left office I've done nothing but make money in the stock market. Lost my b$!! when he was in office. You can't just blindly believe what the media tells you.