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Politics : Stockman Scott's Political Debate Porch

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To: stockman_scott who wrote (13625)2/27/2003 11:20:26 AM
From: Jim Willie CB  Read Replies (2) of 89467
 
post-Iraq? try focusing on present before future
more lunatic shit in press & media absorbed by public

so far the pre-Iraq has given the economy a mild death blow with $37 crude oil and $8 natgas

I read that with no further damage, Iraqi oilfields will require $2-4 billion in repairs to bring them up to at least 50-70% production capability

this country suffers from massive delusion
the economy is sliding backwards
the energy tax is gonna cripple households and businesses
material costs are rising
corp earnings will erode further (already bad)
bad inflation has hit our shores
pricing power is still gone, but production costs are rising


I expect numerous unexpected events if we attack Iraq
like Saudi regime being hit with severe test
like Saudi oilfields coming under AlQaeda attack
like Iran taking advantage of the situation and grabbing some Iraqi lands, like the Basra area under dispute since the 1980 war

/ jim
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