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The Wartime Economy of the U.S.

April 23, 2008

The United States economy has steadily lost steam and appears to be stalled. Prices have shot upwards at the fastest pace in thirty years. Energy prices further threaten the equilibrium of an already shaky national platform along with unprecedented spending on the Iraq and Afghanistan fronts.” That is the national scenario that TNTalk! presented on March 4. Little of the national drama has changed since then.

Tomorrow, the democratic political action group, Move On, is sponsoring a press release at Lamar Alexander’s Nashville office. Move On is unveiling a “new poll showing that voters want to stop wasting billions in Iraq, and want to help the economy by investing those resources here at home.”

Nobel-prize winning economist Joseph Stiglitz stated that the war has greatly contributed to the United States economic slowdown. “To offset that depressing effect, the Fed has flooded the economy with liquidity and devalued the dollar and the regulators looked the other way when very imprudent lending was going up. We were living on borrowed money and borrowed time and eventually a day of reckoning had to come, and it has now come.” The war is touted by Stiglitz as the reason for the credit crunch that exists in the United States, since $3.3 trillion have been invested in the Iraq War alone.

The war in Iraq has become a national window dressing that some Americans have grown to accept as the status quo. However, particularly in this election year, many thinking Americans, with the help of limited media coverage and a little independent thinking have connected the flagging economy with the U.S. war fronts.

Move On is making the point that “no matter what happens in Iraq, the Bush Administration and John McCain always have the same answer: 6 more months.” That argument can easily be made with the words out of their own mouths. Some elusive victory that we have failed to define is always within arms reach.

The old guard is “at it again this week, asking for six more months. But six months won’t change anything: except the body count and the price tag.” That is the view of Move On and an increasing number of Americans.

The war has created a polarizing effect in the nation. Republican politicians generally side on the war, even up to 100 years of the same mess we have now. Democratic politicians generally side against the war. The fact is that the war fronts in Afghanistan and Iraq is not partisan politics.

Common sense dictates that the United States is not the economic powerhouse it once was because of lax government policy and the constant drain of war on the national economy. Politicians have done little to protect the economy, while running up a massive national debt to make up the difference. In theory, the United States is no longer its’ own: held captive by crushing debt to International Bankers.

Whether you consider your election decision as partisan politics or not, you must make a choice in the immediate future and you need to decide what that choice is before you walk into the voting booth. The war and the economy have created a new national emergency that must be decisively dealt with. The survival of the nation as it stands is very well at stake. The current definition of national policy has not provided meaningful answers or solutions. You must decide on the national leader that supports common sense. What does common sense mean to you? That is your decision. You need to be up to the task.

It’s clear from this video that the administration knew all along that the war would be a disaster and didn’t care. The only way to stop them is through massive, organized public pressure. – comments from MoveOn.org

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