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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Haim R. Branisteanu who wrote (5885)5/8/2004 12:10:19 PM
From: mishedlo  Read Replies (1) | Respond to of 116555
 
failed to understand internal politics and feuds with in the Sunni Shia and the influences of Iran and the extend of religious fanaticism and Iraqi greater family bonds loyalty and structure

.... and add to that that the US military fell into the trap of the various rivalries and feuds if ancient or recent …. as small as debt between Iraqis who faked photographs of the party he wanted punish as terrorist with a RPG or Kalashnikov


I agree But......
Didn't you and I and others point this out in advance?
Weren't a LOT of things pointed out to Rumsfeld in advance that he ignored?

Looting
Feuds
Assumptions of flowers
No planning the aftermath
No plan to quickly get the infrastructre back up
Disbanding the army, rebanding the army, and putting a Hussein thug in charge of a city, then undoing that

IMO we rushed to war because
1) the case for it was falling appart
2) over confidence on Rumsfeld
3) misguided belief that we could easily get three rival factions to get together and have a democracy love-fest

Our plan was doomed from the start.
The idea of getting rid of Hussein was correct, our plan of attack could not have been worse. I am guessing we have wasted $250,000 Billion on this mess so far. Hard to say cause a lot of it is probably disguised and hidden somewhere else.

What exactly did we get for our money other than more hatred of the US?

Don't you think we have better economic uses for that money, right here in the US rather than in Iraq? How much research on alternative fuels could we have gotten for $10B, how about building a LNG terminal somewhere - how much would that cost?, upgrading our electric grid, cooperating with Canada for more NG pipelines (a lousy $10-$15B cost on that I would guess), securing our borders with mexico (creates real jobs right here in the US as opposed to Germany, Iraq, or wherever). You get the idea.

Don't you think this money was just wasted in light of the results we have got to show for it? Where would you spend $250B? If we throw another $250B at Iraq, will it solve anything? What?

Mish



To: Haim R. Branisteanu who wrote (5885)5/8/2004 12:33:39 PM
From: mishedlo  Read Replies (1) | Respond to of 116555
 
CLI
oecd.org

Continued expansion lies ahead in the OECD area according to the latest composite leading indicators (CLIs). However, March data signal slightly weakening performance in the United States and the Euro area but an improvement in Japan and Italy.