My economical view on the war in Iraq is that it is stimulating the economy because of the increased government spending. Keeping the same number of troops also affects the job market, as there's a higher demand for workers to replace reservists called to serve in Iraq. Although the war ahs been costly, it has boosted the U.S. domestic product by about half a percentage point since the war started in 2003.
In all the pessimism about the American strategy-shift in Iraq, world financial markets seem to be voting for President Bush and his plan not against. On the days immediately preceding the president's speech, as its contents were leaking out, oil prices were plunging and stock prices were rising. Right after the speech, when the contents of the Iraq plan were clear, oil prices continued to fall and share prices hit record highs. Corporate profits are strong, productivity is high, inflation and interest rates are low, and the threat of recession is no where in sight, which......
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