21 October 2009
How is the extra money being spent in Iraq affecting the US economy?
Posted by admin under: Economics .
I often hear economists saying some financial trend or another is being caused by the housing crunch or a hurricane or China building for the Olympics. But the massive amounts of money being directed to Iraq must be coming from somewhere and taking money from something else. Wouldn’t that much money leaving the US be a bigger hit on the economy than a storm in Texas?
What is being affected economically by the Iraq war?
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3 Comments so far...
themrmike Says:
22 October 2009 at 8:51 pm.
actually it helps the economy all of the material and logistics involved are work and income for a large part of the country(us) but it is true that the money and effort would serve the people of this country better if it were applied here but congress does not have the backbone to do something like that. bush has them over a barrel otherwise the tap would be closed and no one would benefit. Tmm
anti-bias Says:
23 October 2009 at 11:40 am.
the US spend huge money in Iraq. though it gives the people jobs related to the war, that builds the huge deficit too. and the deficit builds inflation. the inflation reduces the people’s buying power. the loss of buying power gives the huge pressure for paying back the mortgage. that has triggered sub-prime crisis which now have developed into A category crisis, the financial crisis.
someone said that the war build the economy, that is ridiculous. I have never heard that the war can help the people’s well-being unless you are not in the war, but supplying the countries in the war. is that helpful?
Pistolvania Says:
24 October 2009 at 4:45 am.
Didnt WW2 take us out of the great depression