Barack Obama blamed the Iraq war for higher oil prices and skyrocketing debt Thursday as he sought to tie the unpopular war to the slumping economy in working-class West Virginia.
"When you're spending over $50 to fill up your car because the price of oil is four times what it was before Iraq, you're paying a price for this war," Obama said. "When Iraq is costing each household about $100 a month, you're paying a price for this war."
By linking the economy to the war, Obama is playing to his perceived strength as someone who spoke out against the war as a state lawmaker in Illinois. He has criticized Clinton for only recently opposing the war and said Thursday that her criticism of Republican John McCain's war policies lacks teeth.
"Her point would have been more compelling had she not joined Senator McCain in making the tragically ill-considered decision to vote for the Iraq war in the first place," Obama said to cheers.
We are billions of dollars in debt, a debt owed mostly to Asian countries, to pay for the Iraq war.
And our higher oil prices are directly linked to the Iraq war. As evidenced by the words of many experts: Red Cavaney, president of the industry trade group American Petroleum Institute--not left-leaning types--puts the blame squarely on the invasion of Iraq, where unrest and violence has reduced production to less than they were under Saddam in the world's second-largest supplier. Traders of oil futures fix the price per barrel based on their expectations of political stability, especially in the world's largest oil-producing nations. And they don't like what they see in Iraq. "As soon as you can stabilize the civil situation," says Cavaney, "[Iraq will] significantly be able to ramp up production. But it would take years."
So is Obama correct that the war is the reason for the poor economy and that everybody who voted for it are complicit in our current situation? Yes he most certainly is.
yup...he got it right...it was 29 dollars the night before March 18,2003.....
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