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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: Hawkmoon who wrote (191961)	7/18/2006 1:18:46 PM
From: geode00	Read Replies (1) \| Respond to of 281500

I'm pretty sure that depression level unemployment is an economic problem. This is a not fully employed people having angel-pin issues. What is interesting is that Iran and Saudi Arabia as well as ExxonMobil and Venezuela are benefiting from the massive increase in oil prices under Bush. Some people think that Bush went to war in Iraq for Israel but it's much more obvious that he went to war in Iraq for all of the above. I think Venezuela was just an unintended consequence though LOL. The price of oil strengthens dictatorships, megacorporations and puts a huge tax on everyone else. If Iraq wasn't enough to get the price above $100 just throw in Iran with Israel and Hezbollah providing the spark. T. Boone Pickens has invested some $700m into Alberta and is predicting $4.50/gallon gas. He was apparently right with his $3 prediction some time ago and, of course, he does have a big horse in this race. What happens to the American consumer at $4.5 if it comes suddenly instead of gradually? Will the Bushies care if the American economy implodes or will they just use their oil profits and buy up the country. NK is a nice distraction and, of course, if they do explode a nuke somewhere they will become problem number one. Until that rather unlikely time, though, they are just a distraction from the more obvious problem.