The US invaded Iraq on the grounds of weapons of mass destruction, claiming the Saddam Hussein regime was an imminent threat to world security and were sponsoring and supporting terrorism. Of course this turned out to be false, but at least there was the access to Iraqi oil reserves and the significant rebuilding contracts that would go to American contractors, correct? Actually, this didn’t happen either, and the Iraq war fiasco has led to nothing but bloodshed, with no economic advantages arising from invasion.
Posted on June 26th, 2008 by Pardon My Politics
The Iraq war has cost us all a great deal. In terms of the taxes, we’ve paid heavily towards invading Iraq needlessly, and we continue to pay towards the ongoing war effort. In terms of the economy, we’ve paid the price thanks to NAFTA and service contract outsourcing. In terms of human lives, we’ve paid [...]
Posted on June 26th, 2008 by Pardon My Politics
After the thoughtless campaign in Iraq, the deaths of over 4,000 brave US troops, and countless Iraqi civilians and militants, there was some hope that the reconstruction effort might attract employment to the US economy. After all, we made the mess, so we should help clean up, right? A reconstruction effort is underway, but very [...]
Posted on June 26th, 2008 by Pardon My Politics
The Bush administration labels the$15 billion in the Neighborhood Stabilization Act of 2008 (HR 5818)—legislation to help stabilize hundreds of communities swamped by foreclosures across the country—as a bank “bailout.” Advocates of the funding in Congress and around the nation argue that the $15 billion is essential to keep communities from falling into blight, and [...]
Posted on May 5th, 2008 by Pardon My Politics
This applies to you, my real estate investing friend! And even if you’re not normally interested in politics, it’s urgent (to protect your own financial interests) that you take 60 seconds and read this article, because it will affect you profoundly. “Capital gains taxes” are the taxes that you pay whenever you sell your real [...]
Posted on May 5th, 2008 by Pardon My Politics