Bush Dismisses Iraq Recession: The War Has ‘Nothing To Do With The Economy’
“Toute nation a le gouvernement qu’elle merite.”
Joseph de Maistre (“Every country has the government it deserves”)
The lack of confidence in the US, the dollar and the US stock market has a lot to do with this former college cheerleader made into the US president:
From Think Progress:
This morning on NBC’s Today Show, President Bush denied that the there’s any link between the faltering U.S. economy and $10 billion a month being spent on the Iraq war. In fact, according to Bush, the war is actually helping the economy:
CURRY: You don’t agree with that? It has nothing do with the economy, the war — spending on the war?
BUSH: I don’t think so. I think actually the spending in the war might help with jobs…because we’re buying equipment, and people are working. I think this economy is down because we built too many houses and the economy’s adjusting.
Wars can create employment, just like lung cancer (doctors) hurricanes (constrution) and forest fires (fire fighters). However, they destroy wealth and are a malinvestment of resources.
He who wishes to fight must first count the cost. When you engage in actual fighting, if victory is long in coming, then men's weapons will grow dull and their ardor will be dampened. If you lay siege to a town, you will exhaust your strength. Again, if the campaign is protracted, the resources of the State will not be equal to the strain. Now, when your weapons are dulled, your ardor dampened, your strength exhausted and your treasure spent, other chieftains will spring up to take advantage of your extremity. Then no man, however wise, will be able to avert the consequences that must ensue... In war, then, let your great object be victory, not lengthy campaigns.
-Sun Tzu, the Art of War 6 B.C.
Another funny picture and story.
Ron Paul before the War trying to save US / U.S.