AdTheNad wrote: dsula wrote:
That's job security and opportuniy for many an unemployed or underemployed. Not a bad thing.
You ever hear of the broken window fallacy?
lol. One wonders whether Cornies also find value in highly destructive hurricanes, earthquakes, tornadoes, etc. ... namely, because of all the jobs (and GDP) that are created by the cleanup.
It's clear that the Cornies love deficit spending and money printing because the benefits are obvious today (GDP growth), while the costs are spread among future generations.
They love bailouts because of the bump in GDP.
They love student loan debt because of the GDP bump.
They love when the govt pays out unemployment and food-stamps ... because of the GDP bump.
They love asset bubbles, housing bubbles, debt bubbles, education bubbles, stock-mkt bubbles, etc ... because bubbles create a short-term boost in GDP, despite the tragic and catastrophic consequences that transpire when the bubble pops.
Likewise, they love fracking even though 60-80% of the wells are depleted after JUST ONE YEAR, and even though its an ecological disaster. Why? Because the short-term bump in GDP makes it worth it.
They love part-time/temp jobs because of the way they mask the true state of joblessness.
Likewise, they love fracking because of the way it conceals the true state of crude oil depletion.
In short, Cornies embody basically everything that defeats a sustainable, healthy, long-term economy. They exalt fantasy over reality; short-term over long-term; deception over truth.