Korean Job Discussion Forums :: View topic

Speak Korean Now!

Teach English Abroad and Get Paid to see the World!

Korean Job Discussion Forums
"The Internet's Meeting Place for ESL/EFL Teachers from Around the World!"

FAQ

Memberlist

Usergroups

Profile

War Weakening US Economy
Goto page Previous 1, 2, 3, 4, 5, 6, 7, 8 Next

Korean Job Discussion Forums Forum Index -> Current Events Forum

View previous topic :: View next topic

Author

Message

Kuros

Joined: 27 Apr 2004

Posted: Tue Nov 13, 2007 8:45 pm Post subject:

Alright. Does anyone here argue that the War is helping the US economy? I mean, I don't see how the Iraq War could do anything but hurt our economy. At the very least, its billions of dollars taken away from investments.

Dome Vans
Guest

Posted: Tue Nov 13, 2007 8:51 pm Post subject:

Kuros wrote:

Alright. Does anyone here argue that the War is helping the US economy?

I mean, I don't see how the Iraq War could do anything but hurt our economy. At the very least, its billions of dollars taken away from investments.

It's killing the economy, soldiers are dying needlessly but it seems this is all for the greater good of whatever Di ck Cheney thinks it might actually do and all the other fantabulous "thinkers" behind him. Being strategically powerful seems to be the order of the day, but it's gone about the wrong way and it's fighting the inevitable. Hegemonic status is never permanent, which ever way you try and hold onto it, it comes and goes.

thepeel

Joined: 08 Aug 2004

Posted: Tue Nov 13, 2007 8:55 pm Post subject:

Many, many years ago a French economist by the name of Bastiat destroyed the argument of war even possibly being good for an economy, at any time or place. It is a classic. http://www.econlib.org/library/Bastiat/basEss1.html

loose_ends

Joined: 23 Jul 2007

Posted: Tue Nov 13, 2007 9:00 pm Post subject:

Kuros wrote:

Quote:

The economy of the United States could improve in the long run due to the war for a couple of reasons:

1. An increased supply of oil
Depending on who you ask, the war either has everything to do with Iraq's vast oil supplies, or absolutely nothing to do with it. All sides should agree that if a regime with better American relations were set up in Iraq, the supply of oil to the United States would increase. This will drive down the price of oil, as well as driving down the costs of companies that use oil as a factor of production which will certainly help economic growth.
2. Stability and Economic Growth in the Middle EastIf peace can somehow be established in the Middle East, the U.S. government might not have to spend as much money on the military as they do now. If the economies of the countries in the middle east become more stable and experience growth, this will give them more opportunities to trade with the United States, improving both the economies of those countries and the U.S.

http://economics.about.com/od/warandtheeconomy/a/warsandeconomy_3.htm

however the author goes on to say.

Quote:

Personally I do not see those factors outweighing the short term costs of the war in Iraq, but you can make a case for them. In the short term, however, the economy will decline due to the war as shown by the Broken Window Fallacy. Next time you hear someone discuss the economic benefits of the war, please tell them a little story about a windowbreaker and a shopkeeper.

follow link to the article to understand the windowbreaker and shopkeeper analysis.

I myself believe the men behind the curtain are very patient. 1 and 2 as listed above are the desired long term goals.

newton kabiddles

Joined: 31 Mar 2007

Posted: Wed Nov 14, 2007 1:48 am Post subject:

The American government is trying create economic stability in a region that has a resource it needs, pretending to establish democracy. The Arab terrorists are trying to eliminate Jews, pretending Israel is unjustified.

loose_ends

Joined: 23 Jul 2007

Posted: Wed Nov 14, 2007 2:15 am Post subject:

Quote:

The Arab terrorists are trying to eliminate Jews, pretending Israel is unjustified.

newton kabiddles

Joined: 31 Mar 2007

Posted: Wed Nov 14, 2007 2:27 am Post subject:

Dome Vans wrote:

Kuros wrote:

Yeah, ends up it was a terrible strategy. A friend of mine said, "We felt humilated and we allowed our emotions to block out all good reason."
Honestly, I was all for it. I thought it was great! I was loving that invasion of Iraq. I wanted the US to send a message, and so on....Hey, bad decision and now we have to face the truth. We facked up. Powell said if we break it we have to fix it. Live and learn...

newton kabiddles

Joined: 31 Mar 2007

Posted: Wed Nov 14, 2007 2:39 am Post subject:

loose_ends wrote:

Quote:

The Arab terrorists are trying to eliminate Jews, pretending Israel is unjustified.

It's anti-semitism. If Jews were a Muslim sect there wouldn't be any problems in Israel. The only reason Arab radicals believe Israel is wrong is because Jews are not Muslims.

loose_ends

Joined: 23 Jul 2007

Posted: Wed Nov 14, 2007 2:58 am Post subject:

newton kabiddles wrote:

loose_ends wrote:

Quote:

The Arab terrorists are trying to eliminate Jews, pretending Israel is unjustified.

It's anti-semitism. If Jews were a Muslim sect there wouldn't be any problems in Israel. The only reason Arab radicals believe Israel is wrong is because Jews are not Muslims.

gotcha. didn't quite grasp your use of unjustified.

can you argue the violence is only one sided though? Can it all be blamed on anti-semitism? Does any blame rest in the hands of Isreal?

keane

Joined: 09 Jul 2007

Posted: Wed Nov 14, 2007 3:13 am Post subject:

loose_ends wrote:

1. An increased supply of oil
Depending on who you ask, the war either has everything to do with Iraq's vast oil supplies, or absolutely nothing to do with it. All sides should agree that if a regime with better American relations were set up in Iraq, the supply of oil to the United States would increase. This will drive down the price of oil, as well as driving down the costs of companies that use oil as a factor of production which will certainly help economic growth.

Hmmm. Depletion is running at 4 - 7% a year in non-OPEC nations. OPEC has maybe 3 million in spare capacity...MAYBE, and not any time soon. A couple years, at best.

Iraq is now at about 2mb/d and might get up to 6 IF the war ever ends. But that other four is under ground in completely undeveloped areas, which means it is YEARS away from being produced. 5 - 7 minimum, I'd guess, just to get those fields into production, let alone up to 4 mb/d. If the war stopped today, you'd see that 4 mb/d in maybe 2015 to 2020. Guess what? Assuming US demand growth at 1%/y (flat this year, historically close to 2%) and depletion at the current 1.7%/y you end up needing 4.5 mb/d just to stand still. (Not predicting the future; this is a scenario, not a prediction.)

US oil production

newton kabiddles

Joined: 31 Mar 2007

Posted: Wed Nov 14, 2007 4:44 am Post subject:

loose_ends wrote:

newton kabiddles wrote:

loose_ends wrote:

Quote:

The Arab terrorists are trying to eliminate Jews, pretending Israel is unjustified.

It's anti-semitism. If Jews were a Muslim sect there wouldn't be any problems in Israel. The only reason Arab radicals believe Israel is wrong is because Jews are not Muslims.

gotcha. didn't quite grasp your use of unjustified.

can you argue the violence is only one sided though? Can it all be blamed on anti-semitism? Does any blame rest in the hands of Isreal?

Unfortunately the main point is that Jews are not Muslims. I'm sorry, but this is the heart of the Arab argument. Jews do not mind Islam.

igotthisguitar

Joined: 08 Apr 2003
Location: South Korea (Permanent Vacation)

Posted: Wed Nov 14, 2007 4:50 am Post subject:

newton kabiddles wrote:

Unfortunately the main point is that Jews are not Muslims. I'm sorry, but this is the heart of the Arab argument.

Jews do not mind Islam.

Nor do Muslims necessarily "despise" Jews.

ZIONISM is the problem, duh Rolling Eyes

newton kabiddles

Joined: 31 Mar 2007

Posted: Wed Nov 14, 2007 5:07 am Post subject:

igotthisguitar wrote:

newton kabiddles wrote:

Unfortunately the main point is that Jews are not Muslims. I'm sorry, but this is the heart of the Arab argument.

Jews do not mind Islam.

Nor do Muslims necessarily "despise" Jews.

ZIONISM is the problem, duh Rolling Eyes

9-11 WTC happened in Israel every other month for years. It wasn't until the American public got hit on 9-11 that we actually realized what the Israelis had been dealing with for over 20 years.

igotthisguitar

Joined: 08 Apr 2003
Location: South Korea (Permanent Vacation)

Posted: Wed Nov 14, 2007 5:14 am Post subject:

newton kabiddles wrote:

9-11 WTC happened in Israel every other month for years.

It wasn't until the American public got hit on 9-11 that we actually realized what the Israelis had been dealing with for over 20 years.

Yes, i'm sure a few here have heard this hugely exaggerated assertion.

So it that why they mapped out & executed the murderous attacks?

So AmeriKa might be drawn more squarely into serving Israel's "interests" in the Middle East?

Could explain 9/11's dancing Israelis Idea

newton kabiddles

Joined: 31 Mar 2007

Posted: Wed Nov 14, 2007 5:34 am Post subject:

igotthisguitar wrote:

newton kabiddles wrote:

9-11 WTC happened in Israel every other month for years.

It wasn't until the American public got hit on 9-11 that we actually realized what the Israelis had been dealing with for over 20 years.

America's wars in Afghanistan and Iraq have nothing to do with attacks on Israel.
Our interest in Israel is more "like" protecting California.

Display posts from previous:

	Korean Job Discussion Forums Forum Index -> Current Events Forum	All times are GMT - 8 Hours Goto page Previous 1, 2, 3, 4, 5, 6, 7, 8 Next
Page 6 of 8

You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum

TEFL International Supports Dave's ESL Cafe