Is the war in Iraq extracting an unusual toll on the U.S. economy?

J

jawrope

New member
Traditionally wars have been good for the U.S economy.. This war, through the use of a downsized military and contractors, has benefited few.. With nearly $1 trillion spent, the only ones to directly benefit greatly has been Halliburten and a few executives..If any jobs have been created, they've been given to foreigners through outsourcing..
Have we reached a point in history where wars could bankrupt us?
 
you're confusing economy and national debt. yes for national debt this war has been hard. for the economy though its actually been pretty good.
MOST of the jobs outsourced werent done by haliburten, but by KBR...and considering how much they pay foreigners who do laundry/cooking/cleaning/etc its not even jobs that people here would want (unless a dollar an hour seems like good pay to you?) the americans that have jobs with KBR actually make good money. so do the americans who were with Xe (at its peak around 3000 americans were hired by them) or are currently with triple canopy and several other PMCs. the war has pumped money into numerous american companies: everyone from lockheed martin to medical companies (the new medical gear that we have you'll see in the civilian sector in maybe 10 years).
granted this isnt close to the scale as it was during ww2, we're not pumping out 100 tanks an hour to fuel the needs of the war, but it has helped the economy.
 
The problems with the economy are the results of 40yrs of jobs being shipped overseas, deregulation of various businesses to "boost" the economy which works in the short term but eventually causes problems in the long run

Every President since the 70's has some piece of responsibility for this mess either through their actions or inactions on some events. It's not just a "Bush caused it" or "Obama caused it" issue.
As do the American people by supporting businesses that obtain their goods overseas as opposed to those that obtain them in the US (regardless of the location of their corporate headquarters)
 
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