No More FU's
Here's what I think the truth is:
We are all addicts of fossil fuels
in a state of denial, about to face cold turkey
--Kurt Vonnegut
When it comes to the Saudi-American relationship,
the White House should be called the "White Tent"
--Mohammed Al-Khilewi,
Saudi diplomat who defected to the United States[1]
____________
Following New York Times writer Thomas Friedman spins the head faster than Regan's in The Exorcist. He of the 6-month Friedman Unit (FU) fame just wrote, there's a country in decline, and it's ours:We are all addicts of fossil fuels
in a state of denial, about to face cold turkey
--Kurt Vonnegut
When it comes to the Saudi-American relationship,
the White House should be called the "White Tent"
--Mohammed Al-Khilewi,
Saudi diplomat who defected to the United States[1]
____________
"My fellow Americans: We are a country in debt and in decline — not terminal, not irreversible, but in decline. Our political system seems incapable of producing long-range answers to big problems or big opportunities. We are the ones who need a better-functioning democracy — more than the Iraqis and Afghans. We are the ones in need of nation-building. It is our political system that is not working (Anxious in America.)"
While Friedman has been banging his War on Terror drum these past four years, some of us saw it for what it is -- a Phony War on Terror (PWOT ©). We are glad you have received your wake-up call, Mr. Friedman; welcome to the Monkey House.
Friedman discusses GM's 34-year low market value of $6.47 billion versus Toyota's value of $162.6 billion. Contrast that with President Bush's recent signing of $162 billion to fund the wars in Iraq and Afghanistan. This figure will run out his presidency, which spent $650 billion in Iraq and $200 billion in Afghanistan. At least that's what we are told.
The Enron bookkeeping practices of the Fed hide the real, long-term costs of the war, costs like interest on the war debt and health care and disability payments to our vets that will stretch out to the 2070's. That is a sobering thought that none of our Presidential aspirants will discuss anytime soon.
Putting the figures into perspective, rounding the GM stock market value to $6.5 billion (what is a give or take of $ .03 billion these days?) we have: The price of one year of our elective aggressive wars costs almost 25 times the total value of all GM stock.
Looked at another way,
- The Afghan war would buy 30.7 GM's.
- The Iraqi war would buy 100 GM's
- The total cost of the wars thus far would buy 130 GM's.
The conventional thinking is that the next president will resolve the issues of Iraq and Afghanistan, but in fact, this falls to Congress -- a Congress which has shown no resolve to do so thus far. If they don't make a move to end them, the bank will bust and the U.S. will follow in the steps of all former empires.
When will America emerge from this artificially manufactured nightmare?
Labels: consequences of wot, cost of iraq war, PWOT
7 Comments:
another important point to remember about all the money being spent on these adventures is that it is borrowed money. we've been fighting a seven year war, half a world away, on credit cards.
one of the main things that this means is that there really won't be any peace dividend because the money wasn't there in the first place.
i played out of the vegas hall for over 15 years. i can say this from experience, there are some motherfuckers out there that you simply do not want to owe any money at all. ever.
the bills, when they come due are going to be harsh, vito's going to be slapping his palm with a baseball bat while dominic 'splains the numbers. it won't be pretty folks.
MB, you are certainly correct-IT'S ALL ON CREDIT.!!!Even our house representative , supposedly a fiscally responsible democrat always votes to fund the illusion that is called a war. And he keeps getting re-elected.
It seems that amurica is concieved not in liberty BUT in credit. jim
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Do you get the feeling Friedman is seeing his flat earth about to run out of coastline with the end of the Bush regime so maybe he's seeing the light at a convenient time for his career. He'd sure look stupid backing Bush's wars and economics with a new set of faces in D.C. Or maybe he figured out that the earth isn't as flat as the economy ?
Claire,
Yes, I think Mr. Friedman's flip-flop is an expedient measure. He will still be writing when the next honcho comes to town.
Compared to the size of the US economy, the cost of Afghanistan and Iraq is not that great. Financially, America can afford them (although this is no consolation to those killed or injured and their families). But nonetheless Iraq turned out to be much more expensive than anyone expected. And thus ends the great neocon dream of remaking whole regions through the application of American military might.
Chris,why would America want to expend our assets on an enterprise that will never benefit or return thr investment?It's immaterial if we can afford it - the question is why.
And i don't believe that we can afford it. it's money flushed dowwn a sand filled toilet. jim
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