3-8 Dec Economic Calenduhh: Autos Mortgages and Claims Meets Fiscal Cliff
Yeah that's known as the "broken glass fallacy". Per Wikipeida:
"The parable of the broken window was introduced by Frédéric Bastiat in his 1850 essay Ce qu'on voit et ce qu'on ne voit pas (That Which Is Seen and That Which Is Unseen) to illustrate why destruction, and the money spent to recover from destruction, is actually not a net-benefit to society."
yourdeadmoney is a repository of every idiotic logical fallacy, myth and urban legend in existence.