I think he’s absolutely correct.
Many Canadians deplore Jean Cretien (Canada’s P.M.) for stating at the recent G8 meetings some similar things (i.e. it is unrealistic and dangerous for a member to have this kind of a deficit - especially in an increasing world economy where we all rely on each other to some degree). At the same time, i agree that this has the potential to be extremely problematic.
At the same time, in periods of economic downturn - which the US has seen in spades (not the least of its causes were 9/11) - it is economically viable (and good sense) to run a deficit - the depth of which is difficult to determine. Presumably GWB has a few half-decent economists working with him. The problem is - are they saying “oh, great idea boss” to appease GWB, or because in their estimation it’s a good idea?
As for his tax-cutting strat - i completely agree. Basic economic theory demonstrates that if you wish to stimulate the economy you have better growth by injecting money than by cutting taxes DOLLAR FOR DOLLAR. Also he’s correct by stating that the tax cuts to the poor would provide better economic stimulus than to the wealthy.
Which brings us to ask - why these types of economic decisions? As i said - certainly he has the best economists in the nation helping out. Is he relying on political - rather than economical - advisors?
(my guess is “yes”)
It will be even messier if Turkey is part of the EU when this takes place. However I think this should resolve itself before that happens as it doesn’t look like the EU is letting Turkey join anytime soon.
It isn’t certain what will happen with regards to greater Kurdistan (Kurdish areas in Iraq, Turkey, Iran), although it could certainly get ugly there.
Any Kurds in Syria? I’m not sure, and if so what that would imply as well.
Nevertheless, this goes back a long ways to when the British occupied Iraq (taken from the Ottoman Empire in WWI if I am not mistaken). It is always a difficult thing to go back to the pre-colonial (and pre Ottoman empire) nations and boundaries as often they were not clearly marked or identifiable. Besides, there is oil in N. Iraq…and everyone wants a peice of that!