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Huggy85
03-19-2008, 10:20 PM
"not only has the Iraq war cost the United States 50 to 60 times more than the administration originally predicted, it has been a major contributor to the subprime banking crisis now threatening the world economy. The war has cost American taxpayers nearly $3.3 trillion -- not $50 billion, as the administration predicted in 2003, and not the $500 billion it currently admits to."

http://www.indystar.com/apps/pbcs.dll/article?AID=/20080317/OPINION12/803170306/1301/OPINION

GenX
03-22-2008, 09:19 AM
3% of GDP.


NEXT!!!!

Barry Morris
03-22-2008, 09:49 AM
Which means nothing when spending exceeds it.

GenX
03-22-2008, 09:50 AM
There is the amazing Canadian economic mind at work again!!

Barry Morris
03-22-2008, 09:54 AM
As opposed to american blind faith that there will ALWAYS be more money to spend??

By the way, what's the date of the end of the Iraq war?? Got one yet??

GenX
03-22-2008, 10:01 AM
Yeah, it's smart to set a definite date, so the insurgents will know to just lay low until we leave.

Reason number 114,556 why a Canadian should never lead any military outing of importance.

Huggy85
03-22-2008, 10:44 AM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: R W G R</div><div class="ubbcode-body">3% of GDP.


NEXT!!!! </div></div>

Of course Speedy. Your opinion bears much more weight than this guy's. Yeah.....right!

"Joseph Stiglitz, a Nobel Prize-winning economist who used to be vice president of the World Bank, recently connected those dots in a talk to a British think tank, Chatham House."

How many Nobel prizes are on your mantle? The question here is credibility; and you oft repeated response of "3% of GDP, Next" has been worn very thin. As we watch the US economy crumble and prepare to play second fiddle to the economy of the only real remaining communist country, you still figure you can hide behind your stock GDP response to avoid the facts.

Barry Morris
03-22-2008, 11:38 AM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Huggy85</div><div class="ubbcode-body">....the only real remaining communist country, .... </div></div>

Which they go out of their way to remain friendly with.

GenX
03-22-2008, 12:14 PM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Barry Morris</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Huggy85</div><div class="ubbcode-body">....the only real remaining communist country, .... </div></div>

Which they go out of their way to remain friendly with. </div></div>

You mean like Canada and Cuba?? /ubbthreads/images/%%GRAEMLIN_URL%%/wink.gif

GenX
03-22-2008, 12:15 PM
<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">How many Nobel prizes are on your mantle? The question here is credibility; and you oft repeated response of "3% of GDP, Next" has been worn very thin. As we watch the US economy crumble and prepare to play second fiddle to the economy of the only real remaining communist country, you still figure you can hide behind your stock GDP response to avoid the facts. </div></div>

Translation: "I have no way to refute what you say"

RWGR wins!!

Huggy85
03-22-2008, 12:18 PM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: R W G R</div><div class="ubbcode-body"> <div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">How many Nobel prizes are on your mantle? The question here is credibility; and you oft repeated response of "3% of GDP, Next" has been worn very thin. As we watch the US economy crumble and prepare to play second fiddle to the economy of the only real remaining communist country, you still figure you can hide behind your stock GDP response to avoid the facts. </div></div>

Translation: "I have no way to refute what you say"

RWGR wins!! </div></div>

Translator obviously either broken or made in China. RWGR wins in his own mind only.

GenX
03-22-2008, 12:19 PM
You refute nothing I say, you only attack me.

Thus, I win!! /ubbthreads/images/%%GRAEMLIN_URL%%/smile.gif

GenX
03-22-2008, 12:21 PM
Speaking of an "economic crisis"!

"Canada's dollar plummeted the most in more than two decades this week as investors shunned commodities on concern that a slowing U.S. economy will curb global demand for energy, metals and grains.

The currency dropped 3.3 percent, the steepest since 1985, as commodities slumped. Gold declined 11 percent from a record earlier in the week, and copper posted its biggest weekly decline in 10 months. Crude oil fell more than $13, going below $100 a barrel for the first time since March 5. Commodities account for about half of Canada's exports. The oil sands in Alberta contain the largest crude deposits outside the Middle East.

``This was a huge and dramatic move in commodities,'' said Camilla Sutton, a currency strategist at Scotia Capital Inc. in Toronto. ``We might see further weakness in the Canadian dollar if commodities continue to lose ground.'' "

http://www.bloomberg.com/apps/news?pid=20601087&sid=aOfnAwNHjZNU&refer=home

GenX
03-22-2008, 12:25 PM
"Ontario's weakening economic fortunes are leading to new calls to reform federal transfer programs used to divvy up riches among the provinces.

Canada's most populous province will rank at the bottom of the heap this year, with its economy growing just 0.5 per cent, says Toronto-Dominion Bank in a particularly gloomy report that for the first time raises the spectre of Ontario slipping into a mild recession."

LINK (http://www.theglobeandmail.com/servlet/story/RTGAM.20080321.wontario21/BNStory/Business/Ontario/)

Huggy85
03-22-2008, 12:25 PM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: R W G R</div><div class="ubbcode-body">You refute nothing I say, you only attack me.

Thus, I win!! /ubbthreads/images/%%GRAEMLIN_URL%%/smile.gif </div></div>

I'm still waiting for you to refute what the posted artuicle said. 3% of GDP does nothing to refute the article which states, clearly,

"Because the U.S. central bank responded to the massive financial drain of the war by flooding the American economy with cheap credit," he said. "The regulators were looking the other way and money was being lent to anybody this side of a life-support system."

You can't respond to that?

And by the way, we are not having an economic crisis. We are suffering from the crisis in the US economy though, as is the rest of the world. If only America could learn to use its role as world superpower more effectively rather than mismanaging its affairs as much as it does.

GenX
03-22-2008, 12:34 PM
What's to refute???

You cannot refute the 3% issue, thus the 'debate' is over before it even begins.

GenX
03-22-2008, 12:35 PM
"The Canadian dollar fell nearly 1 percent against a broadly stronger U.S. dollar on Thursday, heading into the Easter holiday weekend, as influential commodity prices continued to slide."

LINK (http://ca.reuters.com/article/domesticNews/idCAN1933019220080320)

Huggy85
03-22-2008, 12:39 PM
Which is the very attitude which explains why nobody wishes to debate anything with you. You are not a debater, (a "mass debater maybe" you are a right sayer...if you say it, it must be right, regardless of any solid evidence that disputes what you say. So there is no point in responding to anything you post.

I'll continue any political discussions on another forum. This one is a waste of time.

Might be helpful if you wouldn't need to change the subject. This thread is about the cost of the Iraq war, yet you insist on posting links about the Canadian dollar falling. What's with that?

GenX
03-22-2008, 12:43 PM
Dapper Diapered One, you've shown you cannot debate. You post nothing but doom n gloom, and then leave it at that. When asked to support your supposed thesis, you strike in anger.

When you feel intellectually ready, let me know.

Wrangler35
03-25-2008, 10:30 AM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Huggy85</div><div class="ubbcode-body">"not only has the Iraq war cost the United States 50 to 60 times more than the administration originally predicted, it has been a major contributor to the subprime banking crisis now threatening the world economy. The war has cost American taxpayers nearly $3.3 trillion -- not $50 billion, as the administration predicted in 2003, and not the $500 billion it currently admits to."

http://www.indystar.com/apps/pbcs.dll/article?AID=/20080317/OPINION12/803170306/1301/OPINION </div></div>

Were spreading Democracy..should of read "Spreading our borrowed Money!

Wrangler35
04-27-2008, 08:20 PM
TTT