No Comment — November 1, 2010, 4:01 pm

WaPo’s Broder: Another War Would Be Good for the Economy

On Sunday we were offered more Washington Post editorial page brilliance by David Broder. In “The War Recovery?” Broder looks beyond the looming Republican takeover of Congress to ask how Obama can get reelected in 2012. He recommends that Obama join arms with the new Republican Congress and maneuver the country to its third war in the CENTCOM theater—this time against Iran.

War and peace influence the economy. Look back at FDR and the Great Depression. What finally resolved that economic crisis? World War II.

Here is where Obama is likely to prevail. With strong Republican support in Congress for challenging Iran’s ambition to become a nuclear power, he can spend much of 2011 and 2012 orchestrating a showdown with the mullahs. This will help him politically because the opposition party will be urging him on. And as tensions rise and we accelerate preparations for war, the economy will improve.

This column offers some of the strongest evidence yet of the moral depravity and sheer nuttiness that populates Fred Hiatt’s editorial page. Broder’s claim that World War II “resolved the economic crisis” rests on the fact that the economic crisis ended during the war, which is far from proof that the war ended the crisis (Matthew Yglesias gives an alternate view here). Moreover, Broder misses the relationship between the current economic crisis and war spending. Nobel Prize-winning economist and Harper’s contributor Joseph Stiglitz, for instance, who put the cost of the wars in Iraq and Afghanistan during the Bush years alone at $3 trillion, linked those costs to the severe recession that the United States experienced starting in 2008.

The case of Britain in World War II also offers lessons different from the one discerned by Broder. Britain engaged in heavy deficit spending to finance the war and then found itself enmeshed in colonial struggles after the war. The consequences were devastating for the British economy—Keynes alluded to it as a “financial Dunkirk”–and it took a generation for Britain to recover. Keynes, the great war economist of the last century, who hastened to refute appeasement politics and embraced the need for the Second World War, also offered some specific words of caution about our tendency to underassess costs and overassess benefits of war.

There may be good reasons for some future military action by the United States in the Middle East, but it is an insult to our intelligence and our values as a nation to suggest that boosting the economy is one of them. Broder’s column shows how little the Beltway punditry has learned from one of the nation’s most ill-considered foreign ventures in recent memory.

Share
Single Page

More from Scott Horton:

From the April 2015 issue

Company Men

Torture, treachery, and the CIA

Six Questions October 18, 2014, 8:00 pm

The APA Grapples with Its Torture Demons: Six Questions for Nathaniel Raymond

Nathaniel Raymond on CIA interrogation techniques.

No Comment, Six Questions June 4, 2014, 8:00 am

Uncovering the Cover Ups: Death Camp in Delta

Mark Denbeaux on the NCIS cover-up of three “suicides” at Guantánamo Bay Detention Camp

Get access to 165 years of
Harper’s for only $45.99

United States Canada

CATEGORIES

THE CURRENT ISSUE

June 2015

Loitering With Intent

= Subscribers only.
Sign in here.
Subscribe here.

A Polite Coup

= Subscribers only.
Sign in here.
Subscribe here.

Findings

What Went Wrong

= Subscribers only.
Sign in here.
Subscribe here.

Shooting Down Man the Hunter

= Subscribers only.
Sign in here.
Subscribe here.

view Table Content

FEATURED ON HARPERS.ORG

Article
What Went Wrong·

= Subscribers only.
Sign in here.
Subscribe here.

“In the seventh year of his presidency, Barack Obama was presenting himself as a politician who followed the path of least resistance. This is a disturbing confession.”
Photograph by Pete Souza
Article
Surviving a Failed Pregnancy·

= Subscribers only.
Sign in here.
Subscribe here.

“If this woman — who spent her days studying gray screens for early signs of gestation — could not see my pregnancy, what were the chances that anyone else would?”
Illustration by Leigh Wells
Article
Interesting Facts·

= Subscribers only.
Sign in here.
Subscribe here.

“My husband is forty-six. I am forty-five. He does not think that, in my forties, after cancer, chemotherapy, and chemically induced menopause, I can get pregnant again, but sisters, I know my womb. It’s proven.”
Photograph by McNair Evans
Post
Kid Chocolate’s Place·

= Subscribers only.
Sign in here.
Subscribe here.

“Cuban eyes often look close to tears.”
Illustration by the author
Article
Thirty Million Gallons Under the Sea·

= Subscribers only.
Sign in here.
Subscribe here.

“If you short-circuit the bottom, you threaten the entire cycle,” Joye told me. “Without a healthy ocean, we’ll all be dead.”
Illustration by John Ritter

Length in days of the sentence Russian blogger Alexei Navalny served for leading an opposition rally last year:

15

Israeli researchers developed software that evaluates the depression of bloggers.

A teenager in Singapore was convicted of obscenity for posts critical of Lee Kuan Yew, the country’s founding father, that included an image of Lee having sex with Margaret Thatcher.

Subscribe to the Weekly Review newsletter. Don’t worry, we won’t sell your email address!

HARPER’S FINEST

Subways Are for Sleeping

By

“Shelby is waiting for something. He himself does not know what it is. When it comes he will either go back into the world from which he came, or sink out of sight in the morass of alcoholism or despair that has engulfed other vagrants.”

Subscribe Today