sammyg123

The Coming Crash of 2008: A Result of Overleveraging

Thomas Barta writes as if he is on Obama's payroll. He also writes as if our global competitive edge will be magically restored if we withdraw from Iraq. Chaos in Iraq sends oil and gold through the roof, and withdrawal at this point in time would send oil well past $150, given that terrorism undermines oil security. This in turn will mean inflation in the United States, given our dependency on petroleum products in manufacturing and transporting virtually everything we make. Obama's pre-mature withdrawal strategy is an economic disaster to pile on top of the problems we already have. Further, he is a demagogue, and if economic horrors is his idea of "change," then I'd much prefer the status quo. Hegemons thrive with the status quo, so I guess what he is saying is that we need to no longer be the most powerful country in the world, because that will be good for the economy?

Obama's message is disconnected from geopolitical realities. He will destroy our country, IMHO.

Barta, this is a financial website. Silly socialists, finance is for capitalists.