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12-26-2009, 11:38 AM #1
Escalating Afghan War Apt to Hurt Fragile U.S. Economy
Escalating War in Afghanistan Apt to Hurt Fragile U.S. Economy
by Sherwood Ross
Global Research
December 25, 2009
If Iraq war spending helped plunge the U.S. economy into its worst slump since the Depression, what does President Obama think his escalation of the Afghan war will do it?
Besides forcing taxpayers to cough up fresh billions to enable the Pentagon to chase down a few hundred Taliban fighters, the Afghan war is liable to continue to inflate oil prices---and this means more than the ongoing swindle of motorists at the pump.
Higher oil prices also slow the global economy, causing our trading partners to buy fewer Made-in-USA goods, thus reducing demand for our products and leading to layoffs.
Spending money on war also siphons billions of dollars from truly productive uses.
“Today, no serious economist holds the view that war is good for the economy,â€
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