u.s. economy

January 24, 2008 9:15pm CST
do you think the invasion of iraq by united states is a contributor to their economy woes now
1 person likes this
2 responses
• China
25 Jan 08
I don't think so.At least the economy of USA is not increasing after the invasion.They may just want the oil of Iraq.
@kdhartford (1151)
• United States
25 Jan 08
Basic macro-economic principle would tell us no. I think that the U.S. economy woes are based on that fact that real estate prices in the US have been artifically inflated. The problem is that there is a glut in housing and inventory still needs to be sold off. This is a temporary issue that will level out this year.