Your Thursday Morning Keynesianism Break

[we vs us]

http://www.areadevelopment.com/Aerospace/November2011/north-american-aerospace-industry-report-66624322.shtml

According to the Aerospace Industries Association of America (AIA), aerospace sales reached a new high of $212.7 billion in 2010, continuing an upward trend that began several years ago.

"While the overall growth rate has slowed in recent years due to global economic turmoil, U.S. aerospace sales have sustained remarkable growth since 2003," wrote William A. Chadwick, Jr., director of the AIA's Aerospace Research Center and lead author for its 2011 Industry Report. "Final numbers for the year also reflect the resiliency of the industry. Reversing a two-year decline, the aerospace industry booked $202.5 billion in orders in 2010, a 23.8 percent increase over 2009."

Much of this growth was supported by federal R&D funding, reflecting the heavy demands from military operations around the world.

Aerospace is one of the most important sectors in the American economy for the jobs it supports (almost 1.2 million nationally), its contribution to the national GDP, and its importance in establishing America's reputation as a leader in science and technology.

"Innovation is at the heart of the aerospace industry," added Chadwick. "The United States continues to lead the world in absolute R&D spending, and within the United States, R&D is expected to grow by 2.4 percent in 2011 to $405.3 billion."

Just wanted to point out that government can in fact create jobs.  It can actually sustain whole industries. 

[heironymouspasparagus]

http://www.areadevelopment.com/Aerospace/November2011/north-american-aerospace-industry-report-66624322.shtml

Just wanted to point out that government can in fact create jobs.  It can actually sustain whole industries. 

Everybody knows that, too!  We saw huge example of that with the heavy dependence on "Star Wars" during the Reagan years.  It's just that NOW, since they don't occupy the White House, it's bad.  But when/if they get back in, it will be good again.

[Red Arrow]

Just wanted to point out that government can in fact create jobs.  It can actually sustain whole industries. 

Ultimately, the money to sustain those industries and jobs comes from the private sector unless the government just prints more money.

[nathanm]

unless the government just prints more money

Which is precisely the central bank should do in a deflationary environment.

[Teatownclown]

Which is precisely the central bank should do in a deflationary environment.

QE3 is being slowly rolled out....

print more $$$$

[Conan71]

http://www.areadevelopment.com/Aerospace/November2011/north-american-aerospace-industry-report-66624322.shtml

Just wanted to point out that government can in fact create jobs.  It can actually sustain whole industries. 

But the sweet irony for a liberal follower of Keynes like yourself is a fair amount of that is military spending.

"I love the smell of Napalm in the morning!"

[Red Arrow]

"I love the smell of Napalm in the morning!"

I'm not a morning person.  Can the Napalm be delayed to early afternoon?

[heironymouspasparagus]

"I love the smell of Napalm in the morning!"

Morning works for me!

Yum!  Napalm!

[we vs us]

But the sweet irony for a liberal follower of Keynes like yourself is a fair amount of that is military spending.

"I love the smell of Napalm in the morning!"

Piffle.  As Keynes said, burying jars of money in the ground and then paying people to go dig them up is as useful as anything in a major downturn.  It's all about getting someone paid for doing something . . . or anything at all.  So by all means let's build more drones!  So long as more hiring commences, toot suite. 

And BTW, I chose the military angle because I knew that was something you righties could get behind and chose Keynes because he's so universally reviled.  I was going for maximum head-asplosion. 

[Conan71]

Piffle.  As Keynes said, burying jars of money in the ground and then paying people to go dig them up is as useful as anything in a major downturn.  It's all about getting someone paid for doing something . . . or anything at all.  So by all means let's build more drones!  So long as more hiring commences, toot suite. 

And BTW, I chose the military angle because I knew that was something you righties could get behind and chose Keynes because he's so universally reviled.  I was going for maximum head-asplosion. 

Meh, Keynes is dead. 

[heironymouspasparagus]

Piffle.  As Keynes said, burying jars of money in the ground and then paying people to go dig them up is as useful as anything in a major downturn.  It's all about getting someone paid for doing something . . . or anything at all.  So by all means let's build more drones!  So long as more hiring commences, toot suite. 

And BTW, I chose the military angle because I knew that was something you righties could get behind and chose Keynes because he's so universally reviled.  I was going for maximum head-asplosion. 

Good work, wevsus!!   Love it!

[Teatownclown]

Conan, I found the source....sooprise, a right wingnut may have invented the term: http://illinoisreview.typepad.com/illinoisreview/2011/11/ineptocracy-a-definition.html

[heironymouspasparagus]

Conan, I found the source....sooprise, a right wingnut may have invented the term: http://illinoisreview.typepad.com/illinoisreview/2011/11/ineptocracy-a-definition.html

Well, we have certainly had 30 years of that kind of crap!!

[Conan71]

Conan, I found the source....sooprise, a right wingnut may have invented the term: http://illinoisreview.typepad.com/illinoisreview/2011/11/ineptocracy-a-definition.html

May not be your piece of work, but it's still post of the week worthy.  I sent that one to everyone I know.

[we vs us]

File under "government interfering with the free market:"

http://abcnews.go.com/US/wireStory/colo-okla-pa-wyo-push-natural-gas-cars-14915800#.TrvyiPQr2so

Colo., Okla., Pa., Wyo. Push for Natural-Gas Cars
By CATHERINE TSAI Associated Press

The governors of Colorado, Oklahoma, Pennsylvania and Wyoming are teaming up to encourage U.S. automakers to develop affordable vehicles that run on natural gas, a valuable resource in each of their states.

Their plan is to start replacing thousands of vehicles in their state fleets with ones that run on natural gas, in turn driving demand for more filling stations and cars that run on alternative fuel, according to a memorandum of understanding the governors signed Wednesday.

Colorado Gov. John Hickenlooper touted the idea as a market-driven way to build demand for natural gas-driven school buses, pickup trucks and vans while also supporting jobs, reducing U.S. reliance on foreign oil, cutting emissions, and providing fuel that is the equivalent of $1.25 per gallon cheaper than gasoline.

I can't believe our solidly conservative governor would throw so much energy so publicly into distorting the market like that. Who taught her her economics, Krugman?