Wednesday, November 9, 2011

Five Reasons Why Obama Won't Bomb Iran

... and last but certainly not least,
"...at number 5. It's the Economy, Stupid: If there's one reason above all others that likely stays the administration's hands it's the impact any prospective war against Iran would have on the U.S. (indeed, the global) economy in the short-term. Economies in both Europe and the U.S. are wobbly, if not in outright recession territory. An attack on Iran would open the door for Iranian retaliation targeted at the industrial world's largest vulnerability - the 20 percent of global oil supplies that pass through the narrow chokepoint of the Straits of Hormuz. An Iranian attempt to close Hormuz would send oil prices soaring and almost certainly send the Eurozone into a recession (if it's not already there) and push America right back to the brink, or over the edge. "

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