Thursday, March 6, 2008

Bush on military spending and the housing bust

CURRY: You don’t agree [that the war is hurting the economy]? It has nothing do with the economy, the war — spending on the war?

BUSH: I don’t think so. I think actually the spending in the war might help with jobs…because we’re buying equipment, and people are working. I think this economy is down because we built too many houses and the economy’s adjusting. On the other hand, we're just about to kick out 157 billion dollars to our taxpayers, businesses, and other families so we can get this economy going.

[Ed: Tearing down houses would fix that oversupply, and even create more jobs!]

h/t Think Progress

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