Photo: perrytruthteam via Youtube
There’s been a lot of talk about the paucity of foreign policy talk in the GOP primary this year, so front-runner Mitt Romney is seizing the moment, outlining a big plan to go full-on neo-con with a plan to put way more U.S. troops all around the world.He says he wants to build the Air Force and the Navy with 100K more active-duty personnel. He also wants naval warships to intimidate Iran.
In other words, he’s trying to be like Reagan: do a mass buildup of of defence, and maybe break the enemy that way.
Also: It’s a form of Keynesian stimulus, which worked very well for Reagan — running up the deficit, and adding more jobs and work for Americans.
Granted, it’s not necessarily the jobs you want — a lot of the spending won’t be domestic (except that any buildup of the military will probably involve a lot of work for domestic military contractors). It won’t rebuild any cities or bridges in the U.S., but it is government spending to counteract private sector deleveraging.
Mitt Romney = closet Keynesian.
NOW WATCH: Briefing videos
Business Insider Emails & Alerts
Site highlights each day to your inbox.