--- In FairfieldLife@yahoogroups.com <mailto:FairfieldLife@yahoogroups.com> , "sparaig" <[EMAIL PROTECTED]> wrote: > > --- In FairfieldLife@yahoogroups.com <mailto:FairfieldLife@yahoogroups.com> , off_world_beings <no_reply@> wrote: > > > > > > --- In FairfieldLife@yahoogroups.com <mailto:FairfieldLife@yahoogroups.com> > > <mailto:FairfieldLife@yahoogroups.com <mailto:FairfieldLife@yahoogroups.com> > , "Richard J. Williams" > > <willytex@> wrote: > > > > > > off_world_beings wrote: > > > > Its the trillion+ dollars wasted in > > > > Iraq that did it. > > > > > > > The 'war' caused the current mortgage > > > credit crises? This doesn't even make > > > any sense! >> > > > > You are very stupid. > > Imagine if the illegal Iraq war had never been undertaken. > > One trillion dollars extra would be floating around the US economy with > > nothing to do except boost the whole economy on all levels. The > > result?...no-foreclosures, no bad debts, continuing moderate real-estate > > equity rise nationwide. > > You have to be incredibly stupid not to see this. > > > > OffWorld > > > > Will, given that the money was borrowed from others, I don't think that that is so. > > What you COULD claim is that people are uncomfortable loaning the USA MORE > money, but even that is probably overly simplistic. > >
No, the war drained any possibility of a thriving economy. The money is borrowed and the government has no more money to boost economy. That money borrowed for the war has maxed your country out (and that in turn affected many other countries -- in the short term at least...it won't last), and this affected interest rates antionwide, which affected business, jobs, cost of living in general. But there are already many direct costs from the Iraq war to the country and to the individual states that has taken a deep toll as money spent that could have been spent elsewhere. Add to that that the cost of oil has gone up 100 dollars a barrel since the war began, and you have a trillion dollar DIRECT cost to the economy, here and now. Affecting businesses and spending by the 70% main block of the economy -- the consumer. Its the war. OffWorld > Lawson >
