To: JohnGalt
Aha!! You just made one false assumption that shoots down your thesis.
Bush is going to let our troops WIN. LBJ never did.
36 posted on
03/12/2003 10:26:22 AM PST by
hchutch
("Last suckers crossed, Syndicate shot'em up" - Ice-T, "I'm Your Pusher")
To: hchutch
Huh? Sure Iraq will be defeated but Bush's Budget has world wide, economic ramifications (made worse by Greenspan putting ever more dollars into the market.)
As financiers decide they are better off converting their dollars into Euros where the currency is predictable, and with Europe sitting out the war, it will look very attractive. As the demand for dollars goes down, there will be serious implications to Joe Public, particularly as state governments across the country are set to raise taxes. That is my concern. I hope I am wrong.
Without stable, conservative justification for the action in Iraq, world financiers will start hedging their bets, and if the United States continues to pressure other Middle Eastern countries, financiers will continue to shift to Euros.
37 posted on
03/12/2003 10:37:02 AM PST by
JohnGalt
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson