US economy

[basha khan]

hi ranchers..
What 'll be the condition of US economy after war?.same condition(Afghan) occur again?.how software industry will behave?.what benifit US is looking for with this war?,can they achieve in short period?.
what's ur idea??.
basha

[Thomas Paul]

The main benefit to look for is the stabilization of the Middle East.

[Rufus BugleWeed]

The situation depends on how much terrorism the US suffers. If terrorism is not too serious, pundits believe corporate spending should pick up. IT spending should be one of the first things business will want to buy.
If the war goes badly or a nuclear bomb goes off in Washington, DC then all bets are off.

[Bert Bates]

Well as taxpayers...
We will help to line the pockets of some of the adminstration's cronies...
Huge, 'reconstruction contracts' (we're talking BILLIONS here folks), are being unilaterally awarded by our big hearted and humanitarian administration.

Once again, we will ALL be paying to make these fatcats richer - friends of the Pres. and the V.P. :roll:
Oh, I forgot, maybe somehow this will all trickle down back to us, of course, how could I have forgotten! :roll:

[Thomas Paul]

Do you have a list of who these contracts are being awarded to?

[Bert Bates]

My understanding is that:
Bechtel Group
Fluor Corp
Halliburton (have we heard of these guys?)
are on the really short list!
(Large GOP contributors all! )

[Thomas Paul]

Do you have some documentation/articles/etc. for this? I would love to read about it so I can plan my investment strategy.

[John Smith]

what benifit US is looking for with this war?,

Among some other things, we will have the "free oil" days. You just drive to the pump, and fill your SUV free (courtesy of the new government of Iraq).
Eugene.

[Thomas Paul]

And everyone will have an Iraqi servant to keep your bathrooms spotless. :roll:

[Anonymous]

I also heard a rumor of free traditional Iraqi goatmeat for all Americans for as long as we occupy.
AmericanEagle

[Stevie Kaligis]

Originally posted by basha khan:
what benifit US is looking for with this war ?

Baghdad's will switch back from euro to dollar for oil trading ! :roll:

[Dan Chisholm]

I think that the Bush economic policy--if implemented--will sink the country further into debt. That was one of the major reasons why I did not vote for Bush.
As a Californian, I agree that Cheney's handling of the California power crisis should be investigated and prosecuted.
I reject the Cheney's argument that drilling for more oil in America is a solution to our long term energy requirements. Instead, I believe that conservation and alternative energy sources are a better option.
I agree that Bush has already awarded contracts for the rebuilding of Iraq. Even so, I don't believe that planning for the rebuilding of Iraq is wrong.

[Jason Menard]

Originally posted by Dan Chisholm:
I reject the Cheney's argument that drilling for more oil in America is a solution to our long term energy requirements. Instead, I believe that conservation and alternative energy sources are a better option.

Don't you think that both need to be done? That is, in the short term we need to lessen our dependence on outside oil. In the long-term we need to develope alternative fuel sources. We are a fossil fuel based nation. Getting away from that will take some amount of time, although that should be the eventual goal imho. Domestic oil operations, conservation, and alternative energy research are all parts of the same equation as I see it.

[Dan Chisholm]

Originally posted by Jason Menard:

Don't you think that both need to be done? That is, in the short term we need to lessen our dependence on outside oil. In the long-term we need to develope alternative fuel sources.

I don't believe that increased domestic oil production will have a significant impact on our short-term requirements. Certainly, increased domestic production will not have an impact on global oil requirements.
Suppose that domestic and global production of oil is increased and dependence on OPEC is reduced. Will the reduced oil prices tend to promote or discourage the development of long term solutions? Will reduced oil prices tend to promote or discourage conservation?

[basha khan]

US will defenitely benefit from this war(attack).NO DOUBTS.
reconstruction ,oil etc ..
but software industry is going to suffer in entire 2003.dont expect anything from 2003.may improve on 2004.
basha

[Dan Chisholm]

Originally posted by basha khan:
US will defenitely benefit from this war(attack).NO DOUBTS.
reconstruction ,oil etc ..

This war will greatly contribute to the federal budget deficit and the overal national debt. No new contracts will even come close to paying for the cost of this. In fact, when the 2004 election comes around, Bush will have a difficult time explaining to the American people why it was worth the price American lives and dollars.
The primary economic winners resulting from this war will be the Iraqi people. No one else on earth will enjoy a greater benefit.

[Paul McKenna]

Thomas,
Here is the link you requested
http://www.washingtonpost.com/wp-dyn/articles/A7939-2003Mar10.html
SR