Tuesday, March 3, 2009

Don't Buy Stocks Until All US Troops Are Out of Iraq

Crossposted to Godless Liberal Homo.

A lot of financial news and blog articles are speculating on when is a good time to start buying stocks again. One factor they fail to consider is the Iraq War. President Obama's plan to continue the occupation of Iraq with at least 50,000 more US troops is an important consideration, one that should not be overlooked.

The war on Iraq is enormously costly in lives. The over 4,000 US dead are dwarfed by the over 1.3 million Iraqis killed. Another cost is economic. Iraq's economy has been obliterated by this war. The US economy has been severely damaged as well.

The illegal war against the Iraqi people is one of the causes of the financial crises we are facing. Logic insists that stopping the war is a critical step in getting our economy on a productive course. Yet, Obama and the politicians ignore reason in favor of pandering to corporate and wealthy campaign contributors who want to keep making money on the carnage.

Until the last US troops are out of Iraq, it is crazy to buy any stocks. The war's damage on our already precarious economy is reason enough, but there is something else to consider. The refusal of the political establishment to abandon business as usual and end the war shows that they think they can keep getting away with making the same mistakes that got us here.

As long as there are any US troops in Iraq, you can be sure that Obama and the rest of the politicians are not taking our economic situation as seriously as they need to.