The war in Iraq has been much more costly than anyone expected, both in lives and money, and it is tempting to wrap it into a single package with our current economic, and I think that the policy mistakes had contributed to it. But blaiming those messes does not help to change anything.
Saturday, May 3, 2008
Don't blame the war for the economy
This is the opinion article of the relation between the Iraq war and US economy. The writer think that "The war in Iraq and the poor state of the U.S. economy are often viewed as cause and effect...they are two very different messes..." I am no fan of the war in Iraq, but it simply has not been a major contributor to the financial. The high price of oil is largely the result of strong demand, and this has affect all over the world with the pressing against a limited supply. I still remember that there are long lines in the gas stations where the drivers wait for the gas. Also, the price of the gas is going crazy. The global oil supply is growing more slowly than it could because of politics and policies in many places. Fears that the turmoil in Iraq might spread have probably given a boost to oil prices, but nowhere near enough to account for the huge price surge.
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