IS the Iraq war worth the recession?

M

MeowTheCow

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Feb 12, 2008
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With the falling dollar and rising gas prices (which affect more than just what you put in your cars) do you feel the benefits of the Iraq war justify the consequences? Remember, the cost of oil was just over $30.00 a barrell when Bush took office 7 years ago...it is over $100 now. This tends to happen when there is political unrest in the oil producing countries...oil prices are no longer based on the american dollar, since it is so unstable.supplyside economics is always followed by a recession. And since it is the case now once again, will you still tell me I need an 'economics course'? Or does Bush?
 
How is the Iraq War the cause of the recession? OPEC, not Bush, determines the price of oil.
 
How many dead office workers and Pentagon employees does it take to make it worth while?
 
Actually, I remember the time around the first gulf war (before and after) when the barrel was close to $10-$15.... so about 1/10th of its present price
 
I am not in a recession...So, I guess I am unqualified to answer the question.But I challenge you to study the middle east and speculate on what will happen when we leave... and tell me if nuclear war is worth the "surplus" of money the government will have!
 
You would probably do well to take an economics course instead of studying at the Democrat Underground.
 
U.S. faces severe recession: NBER's FeldsteinFriday March 14, 10:55 am ET By Ros KrasnyBOCA RATON, Florida (Reuters) - The United States is in a recession that could be "substantially more severe" than recent ones, National Bureau of Economic Research President Martin Feldstein said on Friday.
 
Nope, it isn't.And we wouldn't be in a recession if Bush hadn't ran up $4.5 trillion dollars to the national debt.
 
The cost of oil and the recession are two separate matters. Please provide evidence that connects the recession with the war. I agree that instability in the region factors into the increase of oil, as well as market fluctuations, government regulations, and taxes. Out of curiosity, why aren't Bush's opponents talking about how he invaded Iraq to seize oil? Is it because the cost of oil makes it obvious that we have not added oil to our supply? Part of the reason the cost is so high is because of environmental regulations. What would lower the cost is increasing the supply.
 
dunno....was WWII worth the half million American lives and the fact most families in the U.S. could only get a couple pounds of meat per week?was "states rights" reason enough to kill about as many Americans...?I guess the question should be: "Is your need to drive a gas-guzzling car, have unlimited internet access and be able to pay $4 for a coffee more important than national security and the future of this nation?"
 
The deficit is not the primary reason for the recession. The value of our dollar is a global concern and there are many factors that play into the balance. So your claim is false, completely false.Instead of giving thumbs down when you don't like what you hear, look it up for yourself and learn something. It won't help in your Bush bashing, but it will help you understand the world around you.
 
Bush and his policies caused what the media is calling a recession. That word is supposed to keep us scared. Fear is a method of control. The Bush people are good at keeping it going. If we understand that and release the fear and allow the peace to prevail within ourselves we can overcome.
 
I think it's more about destroying the nation and have it come under a more European system, where people are paying $8 gallon for gasoline and taxed 50-60% of their income. It's been a dream for international thinktanks for a long time.In a way it's about total government control, without irritating people, like you or me, protesting against injustices.
 
I do not think the war is the only reason for the recession.There are many factors that contribute to that. You also neglected to mention the housing crunch.And you are incorrect about oil companies not trading in the dollar, while a few have switched over....Iraq did in 2000. Most of OPEC members still trade with the dollar. In fact we have a agreement with Saudi Arabia-largest supplier in OPEC(dating back to the 70's w/ Kissinger) that they will ONLY use the dollar.
 
Not now, not a billion years form now. No amount of oil is worth 4,000+ American soldiers' lives either.
 
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