Republican Chickenhawk's New Plan to send Prez Obama Packing

[doeriver]

Published on Mar 22, 2012 by TheBigPictureRT
So, guess what's the latest right-wing ploy to crash the economy before the election? War with Iran! On Tuesday - International Monetary Fund chief Christine Lagarde warned that a military strike on Iran could disrupt oil supplies around the world - causing the price of oil to spike 30%. Lagarde said, "Clearly it would be a shock to economies if there was a major shortage of exports of oil out of Iran...A sudden and brutal rise in the price of oil would have serious consequences on the global economy."

Right now - oil is the lifeblood of our economy. All economic production - from how our food is grown, to how our products are manufactured, to how our pharmaceuticals are made, to how our buildings and infrastructure are constructed, to how our workers get to and from their jobs - to how we power our homes - it nearly ALL depends on oil.Currently - Brent crude oil prices are about $123 a barrel. A 30% increase - would push the price to well near $160 a barrel. That's higher than where the price of oil peaked in 2008 - at $147 a barrel - just months before the entire global economy went into full meltdown.

[Ganja Ninja]

1. They should have let the economy collapse under Bush.

It's probably going to anyway.

[maddiemom]

2. Instigating useless wars is modern Republican thing.

Or a Dubya thing at least. Viet Nam was a disaster that both parties should have answered for. Failure to learn from history is a moot point when personal political ambitions are at stake