Is the Iraq War the Cause of Recession?

Sure, it’s an election year and the spin is getting faster as the manure we’re all standing in is getting deeper, but the latest stretch is really phenomenal.

Recently, we’ve all heard Democratic party leaders attribute the recession … or “economic slowdown”, depending on your orientation … to the war in Iraq.

Okay. So they say.

Now, why was I under the impression that the current financial crisis was just that … a financial crisis … created, not by the war in Iraq, but by the sub-prime mess and the collapse of the housing industry.

I’ve been watching financial news and financial channels for, literally, years … and hearing Nancy Pelosi just matter of factly say that the war in Iraq was the cause of the current recession (yes, I’ll call it that) just plain caught me off guard.

It’s been a while since she said it but as I remember listening to the Senate and House interrogations of General Petraus and Ambassador Crocker, the presumed correlation between the war in Iraq and our economic woes seemed to be a prominent and recurring theme among Democratic inquisitors.

I wondered if I was having a brain cramp or something. Was I and all of those economic experts I was listening to on CNBC and Bloomberg that much out of touch with economic realities? I’m the first to admit that I’m not an economic expert but, at least, some of those people ought to know what they’re talking about … people like Robert Reich, Warren Buffett, Boone Pickens, Ben Stein. I never heard any of them say that the pending or current economic crisis was caused by the war in Iraq.

I understand that San Francisco marches to its own drum. But, I didn’t realize that they are in an alternate world. Well … actually … it isn’t just San Francisco politicians. It’s Democratic politicians in general. Theirs does seem to be an alternate world or universe continually restructured to fit the talking point of the moment.

Maybe they’re spreading their coping ability too thin. They must feel that being opposed to the war in Iraq simply because it is isn’t sufficient reason to oppose it. They must feel that they have to steal the economic crisis from the cause that most learned peolple seem to attribute it to … the subprime mess and the housing market collapse. Go figure. Maybe they’re just getting confused. Now isn’t that a scary thought?

These people are supposed to be in Washington to solve the country’s problems and they can’t even get cause and effect correct.

Maybe they all “mispoke”.

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3 Responses

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  2. […] Iraq » Is the Iraq War the Cause of Recession? wrote an interesting post today on Comment on Is the Iraq War the Cause of Recession? by Iraq » Is …Here’s a quick excerptebfromga wrote an interesting post today on Is the Iraq War the Cause of Recession?Here’sa quick excerptNow, why was I under the impression that the current financial crisis was just that … a financial crisis … created, not by the war … […]

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