US war plans stall as they bribe UN Security Council members and Turkey |
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Bush's war against Iraq: |
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Nipawin - Saturday - February 22, 2003 - by: Mario deSantis | |||||||
Samuel Johnson, English writer (1709-1784) |
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Lawrence Lindsey, Former head of President Bush's National Economic Council |
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Dean Baker, Economist |
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no |
It is sad, but Bush's war machinery has become the instrument to protect the economic and political hegemony of the United States. There is no imminent threat from Saddam Hussein and yet the Bush administration wants to attack Iraq. | ||||||
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cool $26 |
Thursday, I was reflecting upon monetary value of the take over of the Iraqi oil fields. I was pondering, if the Bush administration is willing to provide Turkey with more than $6 billion in grants and $20 billion in loan guarantees to open up a Northern front from which to attack Iraq, then this war must be extremely valuable to Bush's interest. This interest is therefore neither an interest to liberate the Iraqi people nor an interest to disarm Saddam Hussein of weapons of mass destruction. | ||||||
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$1 Trillion |
I mentioned to my son James that this Bush's war against Iraq could have a prize of at least $1 trillion and today I realize how conservative I have been in identifying this prize as there are speculations that the price of war alone could be in the order of $1 trillion. Now, this background explains why the Bush administration is trying to bribe smaller countries in the Security Council to support Bush's war against Iraq. | ||||||
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30% rise |
Also, we learns that the United States continues to experience a chronic trade deficit with a record deficit of $435 billion for 2002 and I am asking how the United Sates can support an increasing trade deficit, today's of almost 5% of Gross Domestic Product (GDP), and an increasing foreign debt, today's of almost 30% of GDP. And I know why, by being the bully of the Free Market, taking from the poor and giving to the rich, and when the gap between the rich and the poor is too high to manage than we have the last refuge of the scoundrel: waging wars. | ||||||
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