Quote:
Originally Posted by Danzig
i can't help but wonder how much our problems come from those two stupid, ill advised wars? spending went thru the roof, as did the deficit. the deficit has a correlary effect on the economy. our foreign policy has been a mess for years, decades even. afganistan was our number one recipient of foreign aid for years. we supported iraq vs iran...hindsight of course is 20-20. we should never had invaded either country, we shouldn't be there now, all these years and billions and lives later.
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Yep, all of this is 100% true. And the point you make about the government's debt having an effect on the economy is quite correct. I just think some people (not you) seem to think that Bush "spending a lot of money," and Obama "spending a lot of money" is what caused the economy to tank. That is nonsense.
Was the war in Iraq a poor decision fiscally for the United States? Yes. I hate that war as much as anyone and opposed it from the outset....but it didn't
cause the housing bubble to burst, unemployment to skyrocket etc. Either did the stimulus, as I know you know.