A Quote by Joseph Stiglitz

There is a clear and strong link between the economy's present woes and the Iraq war. The war was at least one of the factors contributing to rising oil prices - which meant Americans were spending money on imported oil, rather than on things that would stimulate the american economy. Hiring Nepalese contractors in Iraq, moreover, doesn't stimulate the American economy in the way that building a school in America would do - and obviously doesn't have the long term benefits.

Joseph Stiglitz

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America American American Economy At Least One Benefits Between Building Clear Contractors Contributing Economy Factors Hiring Iraq Iraq War Least Link Long Long Term Meant Money Moreover Obviously Oil Oil Price Oil Prices Present Prices Rather Rising School Spending Spending Money Stimulate Strong Term Than Things War Way Were Which Woes Would

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Joseph Stiglitz
American - Economist
Born: February 9, 1943

The only people benefiting in Iraq war are George Bush's Jr. friends in the oil industry. He has done the American economy and the global economy an enormous disfavor, but his Texan friends couldn't be happier.

Joseph Stiglitz

The U.S. couldn't play a military role in different areas like Iraq and Afghanistan without huge quantities of oil. So a shortage or disruption in oil would not only damage the U.S. economy; it would undercut American military supremacy.

Michael Klare

World War II was really unusual, because America was in the Great Depression before. So the war did help the US economy to get securely out of this decline. This time, the war [in Iraq] is bad for the economy in both the short and long run. We could have spent trillions in research or education instead. This would have led to future productivity increases.

Joseph Stiglitz

To create employment, we need to stimulate the economy, and to stimulate the economy, we need to cut spending and reduce the deficit.

Phil Gingrey

I walked away from Kyoto because it would damage America's economy, you bet. It would have destroyed our economy. It was a lousy deal for the American economy. I felt there was a better way.

George W. Bush

The Nisour Square shooting is a signature point in the Iraq war, one that inflamed anti-American sentiment abroad and contributed to the impression that Americans were reckless and unaccountable. The Iraqi government wanted to prosecute the security contractors in Iraq, but the American government refused to allow it.

Matt Apuzzo

And whatever their publicized angst over Saddam Hussein's 'weapons of mass destruction,' American and British authorities were also concerned about violence in an area that harbors a resource indispensable for the functioning of the word economy. I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil.

Alan Greenspan

All of the easy oil is gone and what's left is requiring more energy and money and this has an effect on everything. Our problem is that we've created an infrastructure that's so dependent on oil. As oil becomes more expensive we're going to be locked into the transportation modes that our economy depends on. So we really need to start building an alternative economy before we get caught in a trap of our own making.

Richard Heinberg

Central bankers always try to avoid their last big mistake. So every time there's the threat of a contraction in the economy, they'll over stimulate the economy, by printing too much money. The result will be a rising roller coaster of inflation, with each high and low being higher than the preceding one.

Milton Friedman

Controlled Middle East oil, it would control the world. This oil represents 65 percent of world oil reserves. Therefore, America believes if it squashed Iraq, it would control the oil of the Middle East and consequently hold the oil in its hands [and] fix its price the way it likes.

Saddam Hussein

The war against Iraq is as disastrous as it is unnecessary; perhaps in terms of its wisdom, purpose and motives, the worst war in American history... Our military men and women...were not called to defend America but rather to attack Iraq. They were not called to die for, but rather to kill for, their country. What more unpatriotic thing could we have asked of our sons and daughters...?

William Sloane Coffin

We aim to restore our focus on building an economy in which all South Africans can flourish, an economy which benefits the people as a whole rather than a privileged few.

Cyril Ramaphosa

Stocks in the United States plunged in 2002 amid fears of war and terrorism, a weak economy, rising oil prices and dozens of corporate scandals. It was the third consecutive annual decline, the first time that has happened in 60 years.

Alex Berenson

Russia's economy is both cursed and blessed by oil. When the oil price goes up, there is a tremendous 'wealth effect' spilling over into all corners of the economy, but this diminishes the drive to develop other industries to diversify away from overreliance on oil.

Max Keiser

We'd be better off if the whole purpose of the adventure in Iraq was, say, to protect Israel or to protect the flow of oil to America and keep it at a reasonable price and try to get some more control. If it was about oil, going into Iraq, I guess, could have made sense. But at a certain point, when the insurgency began and we were in real trouble, there would have been some awareness that we were going to jeopardize the oil.

Seymour Hersh

It's harder to end a war than begin one. Indeed, everything that American troops have done in Iraq -- all the fighting and all the dying, the bleeding and the building, and the training and the partnering -- all of it has led to this moment of success. Now, Iraq is not a perfect place. It has many challenges ahead. But we're leaving behind a sovereign, stable and self-reliant Iraq, with a representative government that was elected by its people. We're building a new partnership between our nations.

Barack Obama

A Quote by Joseph Stiglitz

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