Another Cause for the Current Crisis

Discussion in 'Current Events' started by rayboyusmc, Sep 26, 2008.

  1. rayboyusmc
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    rayboyusmc Senior Member

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    No one seems to be talking about Iraq and its financial impact upon our economy during this current "The Sky Is Falling" negotiations.

    Blame this economic mess on Bush's war in Iraq -- South Florida Sun-Sentinel.com
     
  2. KMAN
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    KMAN Senior Member

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    I think we all know that wars cost us money but we've been through wars before and haven't been in this financial mess... at least that I can remember... Hard to blame it strictly on the war...
     
  3. Jeepers
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    Jeepers Senior Member

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    We are actually an independant country because of the high costs of war... War looks to me to be one piece of a multi pieced pie..
     
  4. jillian
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    jillian Princess Supporting Member

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    Except this is the first time in history a leader has ever...ever...ever... cut taxes during wartime.
     
  5. KittenKoder
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    KittenKoder Senior Member

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    The war's effects on our economy this time were negative because of the economy being bad. Historically war has actually boosted our economy, this one is the exception. The normal effect is that Americans start buying more American products and avoid foreign products during war as a show of support (though without realizing it). This time though any number of possible reasons as to why it hasn't worked out that way.
     
  6. KMAN
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    KMAN Senior Member

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    What does this have to do with the housing problem?
     
  7. AllieBaba
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    AllieBaba BANNED

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    Not a thing.
     
  8. OohRah Mama
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    OohRah Mama Say it with me: NU-CLE-AR

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    [​IMG]

    No, not a thing. Except for the whole draining our treasury to the tune of $10.3 billion dollars a month. The Bush administration request for 2008 was $196 billion for both wars, with $159 billion going to Iraq, according to a summary by the nonpartisan Congressional Research Service.

    Praytell, what's offsetting that?
     
  9. jillian
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    jillian Princess Supporting Member

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  10. Kevin_Kennedy
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    Kevin_Kennedy Defend Liberty

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    The war is a huge problem for our economy at the moment, a bigger problem is our foreign policy in general. We have troops in at least 130 different countries. Utterly ridiculous.
     

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