Journalist Predicts War in Iraq Will Plunge U.S. Economy into Downturn

[Jon8503]

Crystal City, Va. - President Bush's willingness "to take a lot more body bags" from the Iraqi war will plunge the United States economy into a tailspin as European nations further distance themselves from the war with boycotts of American markets, a Pulitzer Prize winning journalist predicted on Friday.

"I just see very hard times ahead," Seymour Hersh, who broke the Abu Ghraib prison detainee scandal story last spring in The New Yorker magazine, said in a keynote address to about 100 people attending the Military Reporters and Editors conference.

Hersh, a legend in journalism circles since he exposed the My Lai massacre and its cover-up during the Vietnam War, earned the Pulitzer in 1969 for international reporting. Last spring, he again grabbed worldwide attention by reporting the abuse of Iraqi war detainees who were threatened with unmuzzled dogs, stripped naked and subjected to other forms of what some believe was torture.

He said Bush's dismissal of opposition views on the war and his insistence the United States push ahead against an insurgency Hersh called "the war we started" will have profound impact on the economy.
(full article)
http://www.truthout.org/docs_04/111404J.shtml

[Florida_Geek]

1. Not to mention his Economic Team

that could not balance their personal checkbooks much less the nations.

[ayeshahaqqiqa]

2. It will take a major economic depression

for Bush backers to realize that the Shrub doesn't give a rat's behind for them. I'm sure he's got all his holdings in gold or Euros in some offshore bank.

[goddess40]

3. we've been in an economic downturn for 4 years

Bushco has been stealing from 98% of Americans and giving it to the 2% that are on top of the economic pile for the last 4 years. They've been hiding some of it in the fact that they are just running up the deficit. The rest has come in the form of increasing the cost of everything and picking our pockets on payday.
We haven't gotten a decent raise in 4 years and health insurance costs soar while coverage keeps getting skimpier. (Instead of a paper gown at the Dr.'s office all we get know is an off-brand tissue)

Edit: Unless of course you listen to the "liberal" media that tells us that the economy is doing great.

Or how about - it's all Clinton's fault!

[GingerSnaps]

4. No, dumb jerk fake news freaks

It's not only the War on Iraq it's also the tax cuts. They need to be rolled back!

[BiggJawn]

5. Hey Hersh, get in STEP! We spent BILLIONS Friday!

The Economy has a huge throbbing Woody and it's just gushing prosperity all over the land!

24 BILLION for cheap crap and DVD players at Wally-World before lunch on Friday!

Too bad it's all being financed by Ditech-Dot-Com......

"I lost ANOTHER home to Ditech-dot-Com!"

I'm glad Seymour doesn't like Kool-Aid.

[HawkerHurricane]

6. The truly wealthy will not be hurt by a depression.

A depression? "Look Martha, Wall Street is having a sale!"

[goddess40]

7. The media has been covering up the depression were already in

it might not be 1929 style but you can't say the rich didn't learn from their past. That's why we, the little guy, was allowed to buy into the stock market. It's just another way to shift the cash upward. Since the rules aren't the same for everyone, the rich get first dibs at buying and selling, fees are by transaction not the amount your investing, rich get insider tips...
Now they want to tap into our retirement money even more by taking our SS money.
They also make sure that they pay themselves first, and pay themselves handsomely. Since 1990 the average CEO's paycheck has gone up 600% - has yours?