Iraq is going to kill the economic recovery

Discussion in 'Politics & Religion' started by PoundTheRock, Apr 29, 2004.

  1. Oh, the irony of it all.

    President Bush's war is going to stop this rebound in its tracks.

    April 2003 in reverse now.
     
  2. possible
     
  3. When all is said and done... I bet Iraq will cost us almost $1tril a year.


    --MIKE
     
  4. pspr

    pspr

    Where do you think all that money goes?
     
  5. If the violence escalates.. we could have around 200k troops in Iraq... that alone cost houndreds of millions a day to finance.. also we are responsible to rebuild all the crap we are destroying.

    The longer this war will take.. the worst it will be overall. The best approach would be to launch a major offensive clean up Iraq with a heavy fist.. secure the oil fields and provide security to the citizens.

    We are taking way too long than we should. Whats gonna happen is since the war is costing us so much and our budget is out of control... there will be massive cuts for social issues.. and the public will really get outraged. Tax cuts surely will be taken off the table and most likely their should be a tax hike.. which is probably more realistic.


    --MIKE
     
  6. pspr

    pspr

    Not the point. All that money goes to U.S. troops who spend it in the U.S., to U.S. companies who spend it in the U.S., to contract workers who spend it in the U.S., etc., etc., etc. When the end is in sight or even when the worst is over you better own stocks.

     
  7. The key word is spend.

    What if consumers stop spending the money and start saving more? Actually the more realistic example is going to be consumers stop spending more in order to pay off their debts.

    I think thats what will happen in the future.. similarily to Japan.. although not to that magnitude of savings.




    --MIKE
     
  8. pspr

    pspr

    Even better. But don't worry. There will be plenty to be spent. Review history.

     
  9. Hahahaha ! Are U.S. troops investors of Halliburton, Carlyle Group :D Bush and Ben Laden Families yes.

     
  10. fibbgann

    fibbgann Guest

    Market almost topped anyways, Its was overvalued and was time to short anyways. Good economy/Bad economy.... Whats the difference? Just trade the market which ever way it wants to go, and let the war monger do his thing! hehehe
     
    #10     Apr 29, 2004