posted on Jan, 23 2008 @ 01:11 PM
A peice I read today that is more directly tied to the OP was foudn at Thinkprogress.org
"FLASHBACK: Economists Predicted That A Prolonged U.S. Presence In Iraq Could Lead To A Recession"
"“A war against Iraq could cost the United States hundreds of billions of dollars, play havoc with an already depressed domestic economy and tip
the world into recession because of the adverse effect on oil prices, inflation and interest rates, an academic study [by William Nordhaus, Sterling
professor of economics at Yale University] has warned.” [Independent, 11/16/02]"
"[“If war with Iraq drags on longer than the few weeks or months most are predicting, corporate revenues will be flat for the coming year and will
put the U.S. economy at risk of recession, according to a poll of chief financial officers.” [CBS MarketWatch, 3/20/03]"
And there is more. So it seems that there is not only people who would argue that Bush Co. is responsible for the current economic crisis here in the
US and abroad, there are also those who predicted this as a likely outcome.