Quote:
|
Originally Posted by FireFly
Absolutely the Presidency has been a disaster. However, much like Reaganomics was felt for 20 years after Reagan, the implications of, for example, the war in Iraq will be felt after the war is long over. Frankly, wars are good for the economy. Ensuring that the US has access to the oil supply in Iraq is paramount for a struggling economy. We can play the 'what if' game if you'd like here... What do you think the price of gas would be if the US was not in Iraq right now? In 5 years? Stip away all the nonsense about WMD, and let's admit that the war is for oil. Would over $2/litre not have a negative affect on the economy?
|
Well, you could be right. And furthermore, any president of the U.S. knows that regardless of what else happens, high prices at the pump are always a disaster for any presidency.
But gas prices are high right now--I assume they're still much higher in Canada, but they're higher in Iowa than they've ever been. I suspect that there are a number of factors influencing this, some of which may have nothing to do with Iraq.
But here's my question--how does a war in the middle east lower gas prices, even in theory? It's part of the calculation that is a little over my head, I have to admit. But again, I'm no expert.