Is the war in Iraq extracting an unusual toll on the U.S. economy?
The most obvious effect of the war on our economy is the high price of oil due to decreased supplies. That’s deliberate, of course, as the whole point of the war is to control the Mid-East oil patch and to manipulate prices by manipulating supply. The more oil that can be kept off the market, the higher the prices can be pushed. And the more oil that will be available later to sell at higher prices. The last thing the oil companies that own Dubya want is Iraqi oil back on the market and pushing prices down. It’s no coincidence that oil companies are posting record profits while the rest of the economy is going in the tank.
