I have to agree, I think everyone felt a more peaceful use of the steel was the way to go.
I've said this administrations disregard for the truth of their own wages based on their own ignorance, a wrong war, and greater military buildup and of the fact that Mitt Romney's early campaign promise was to increase spending, that the direction of Washington has been moving toward thick headed insanity at break neck speed.
Forget the collapse of the economy. I said when the dollar dropped, goods, (like oil), will expectedly rise, and they are, and food is. No secret, and if China and Japan want their debt paid in something other than dollars? Holy crap will there be a shortfall. The $2.7 trillion is based on 2008 dollars, not inflated dollars ten years from now, that might need to be converted to a stronger international currency at a greater loss before being paid back.
If I had to believe they were doing something creative and imaginative for their own benefit, (as usual), it would be to build up a strong military, to take a bunker mentality and tell the rest of the world to fuck off.
BTW, in another item, Boeing lost the contract to build $40B in military tankers and transports to Northrop Grumman, part of the Airbus group. There is a lot of criticism in that corner too of the wisdom of this administration and their lack of any economic insight.
