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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (8921)	11/2/1997 9:56:00 AM
From: Tommaso	Read Replies (3) of 94695

Another "exogenous" factor?: U.S. lawmakers back prompt move against Iraq Reuters, Sunday, November 02, 1997 at 09:36 WASHINGTON, Nov 2 (Reuters) - U.S. Republican and Democratic congressional leaders said on Sunday they would support prompt military action to force Iraqi compliance with U.N. arms inspectors. "We should take whatever steps are necessary to enforce the rules," House Speaker Newt Gingrich said in a comment echoed by other senior lawmakers. Asked if this included military action, Gingrich replied: "Absolutely." The lawmakers spoke on the NBC television program "Meet the Press" moments after the White House accused Iraq of showing "blatant disregard" for the U.N. Security Council by turning away three American members of a U.N. arms inspection team. Senate Republican leader Trent Lott of Mississippi said: "I suspect that something will have to be done relatively soon." He added that he expected consultations with the White House. House Democratic leader Richard Gephardt of Missouri said the only thing President Saddam Hussein of Iraq seemed to understand was "action -- and that's what's going to have to happen." Senate Democratic leader Thomas Daschle said Saddam's ban on U.S. participation in U.N. inspections due to resume on Monday was "completely unacceptable and I think we have to act sooner rather than later," including by taking possible military action. Copyright 1997, Reuters News Service

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