Saturday, July 26, 2008

War and economic impact

So who is right between McCain and Obama when it comes to the war in Iraq?

It’s impossible today to predict the political landscape on Nov. 4. But Americans in general vote their pocketbook.

A recent Gallup poll shows 61 percent of Americans saying the economy – not the war in Iraq – is the No. 1 issue.

While the Iraq/Afghanistan conflict may not be on people’s minds as much, the question is what is overall economic impact of its cost? (FYI: The Congressional Budget Office put war’s outlay at $170 billion in 2007– that’s $465,753,424 per day, $19,406,392 per hour, $323,439 per minute, or $5,390 per second.)

A story earlier this year in offered pros and cons to the war’s impact on the U.S. economy.

On the plus side, the money spent is a “just a drop in the bucket” compared to overall government spending, while citing that the economy is stimulated due to the extra expenses for the way.


GumbyTheCat said...

To me it doesn't matter what the economic impact of the war is. For me, it's about getting our troops out of there, especially Iraq. We liberated the country in negligible time, since then we have been babysitting sectarian feuds while waiting for the Iraqi army to "get ready" (which seemingly will never happen). Enough is enough.

40-Year-Old Blog said...

For the Iraqi government, it's time to - as my Mom would say - crap or get off the pot. (She used a stronger word than "crap.")

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