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

To: Mary Cluney who wrote (222449)	3/4/2007 9:18:26 PM
From: Nadine Carroll	Read Replies (3) \| Respond to of 281500

We have borrowed like crazy to make up the difference in our spending much more than the income that we generate. So, since the Federal government has over-borrowed, that means interest rates are really high, and the Fed is printing money, so inflation is really high too, and the economy is in depression because of the interest rates...This describes Jimmy Carter's economy, not George Bush's, with low inflation, high growth, and deficits dropping rapidly due to very high tax income to the Feds from the capital gains tax cut. When you have growth, deficits are not so bad because you can grow out of them. Simple arithmetic. . Why does getting out of this situation be considered cut and run. We have by far the strongest military in the world. We can win any war. We have defeated Saddam Hussein. You don't win wars unless you are SEEN to have won them. Israel can beat Hizbullah too, but is it perceived to have won this summer's war? It is not. If it is perceived that small powers can injure and flout a greater power to their own benefit and without paying any cost, everybody re-adjusts his idea of whether that great power is really so great after all. What do you think will happen in the Persian Gulf if we cut and run now? You honestly think we can sit safe at home with the likes of Ahmedinijad and AQ calling the shots in the Gulf of Hormuz? It will spark a nuclear arms race among some very instable powers, any one of which can close the straights at his leisure. You think you're not going to feel THAT? or Europe? or China? or Japan? There is only one economy, and it's global. At the moment, nobody wants us in Iraq. The Iraqis don't want us there. You haven't looked closely at the polls. Sure, they don't like American troops in their country, but everytime the question is phrased, "Should American troops pull out right away?" the answer comes back - NO. The Iraqis know that things would only get worse if the Americans left now.