Today they are learning that the entire Iraqi operation wasn’t free or cheap after all. While Americans have been able to block out of their minds the Iraqi deaths and perhaps even the U.S. deaths, reality is now mugging them in the face with the home-mortgage crisis, soaring prices, and the crashing dollar.

What’s amusing is how so many economic analysts are simply ignoring the Iraq War in their economic analyses. It’s all because of the “business cycle.” Or it’s “bad weather” (bringing to mind all those “bad weather” explanations that Soviet officials used to give their people for economic problems in the Soviet Empire). Or it’s “greedy speculators.” Why, it’s even OPEC again, which is why President Bush is pleading with OPEC to open the oil spigots. Or best of all, it’s just that the economy needs a “stimulus.”

From
Are Americans Sacrificing Enough Now?
by Jacob G. Hornberger