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War cost will be high

It’s month 31 of a fierce bear market, and Barron’s recent cover story called “Debt Bomb” profiled our economy as vulnerable to severe recession or worse. Consider federal and state deficits, corporate debt, and individual debt collectively and it’s 10 percent higher than the previous high in 1929, just before the crash.

A recent ad in the Wall Street Journal called “A Republican Dissent on Iraq” indicated they “felt betrayed” by Mr. Bush and, while supporting the first Gulf War and the actions in Afghanistan, are angered such an extreme action as an “unjust war” could be inflicted on innocent U. S. troops and Iraqi civilians.

The CIA chief, in Senate testimony, says no reliable evidence links Saddam and al-Qaida. Defense Secretary Rumsfeld claims, “Certain truths are so important they need to have a bodyguard of lies.”



Oil is essential to national security, but our supply is threatened most by administrative actions. Rolling the dice of war can bring surprises.

Yale economist Nordhause estimates worst-case war/postwar costs at $595 billion.




Job said, “That which I feared most has come upon me.” Mr. Bush’s fears and oil acquisition plans carry unacceptable risk and cost.

John Brady

Grass Valley


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