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IRmep Opportunity Cost Analysis
Is the "Project for a New American Century" Killing off the US Economy?
The plunging US economy and drastic efforts by the Bush administration to stimulate consumption through a $145 billion package raise an important question, "how did we get into such dire economic straits?"
In the year 2000, neoconservative ideologues
called for a major overhaul of US military strategy in their policy
America's Defenses" (PDF). This followed their
1998 call for the overthrow of Saddam Hussein in Iraq on "weapons of
mass destruction" pretexts. The overall economic implications
have been disastrous. Core goals for the incoming Bush
administration mandated by PNAC advisors included securing forward
military bases in the Middle East and increasing military spending from
3% to 4% of GDP (absent some catalyzing "Pearl Harbor" type event).
This is the end result of the "Global War on Terror" and policies of the "New American Century". Louder and even more vacuous calls to "support the troops" and other red herring can no longer hide the massive damage wrought upon American households and businesses.
Institute for Research Middle Eastern Policy, Inc. (IRmep)
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