« can someone explain what exactly is happening to the US economy? | Main | What would happen to the US Dollar if the US economy is in recession? »
How is the extra money being spent in Iraq affecting the US economy?
By Rose | February 5, 2008
Old Man fron Scene 24 asked:
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?
Brian
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?
Brian
Topics: US Economy | 3 Comments »
February 7th, 2008 at 2:56 am
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
February 8th, 2008 at 1:43 pm
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?
February 11th, 2008 at 2:13 pm
Didnt WW2 take us out of the great depression