Propaganda Alert: Peace with Syria Will Crash the U.S. Economy

Moronic Drivel from Clueless Warmonger

Former chief economist at the U.S. International Trade Commission – and now Kyocera copier salesman – Peter Morici argues that failure to attack Syria will destroy the American economy:

President Obama’s vacillation on Syria—first delaying military action and then booting the decision to Congress—poses grave threats to U.S. prosperity.

Imminent military action, especially in the Middle East, instigates fears of shortages and panic in oil markets. Two years ago, oil prices jumped to more than $110 in anticipation of the U.S. action in Libya but then subsided when the worst did not happen to oil supplies.


A prolonged debate in Congress could push gasoline above $4.00. That would dent Detroit’s resurgent auto sales, shelve investment decisions across manufacturing, and weigh on already flagging new home sales.


The president exacerbated near term fears by first vacillating after Syrian President Assad crossed his red line, and then asking Congress to vote the week of September 9.


The president faces formidable opposition among Congressional liberals and the Tea Party, who don’t grasp what is at stake for U.S. security and economic interests.

Since Roosevelt, the United States has carefully promoted a system of international law that prohibits aggression, protects human rights, and promotes freer markets for international trade and investment.


The liberals and Tea Party, who are very reluctant to support military force unless U.S. security is directly threatened, should consider the longer-term consequences of U.S. inaction on the economy and jobs.


If the liberals and Tea Party block U.S. military action, that vote will mark the end of the United States of America as a prosperous nation with the resolve to lead.

Outside of the fantasy world of the warmongers, things are a little different.

In reality, it is the threat of yet another unnecessary, counterproductive war in the Middle East – and not any delay in approving such a boondoggle – which is destabilizing the economy.

Moreover, far better-known and more impressive economists than Morici have shown that – contrary to long-standing myths – war is horrible for the economy.

Finally, a strong rule of law is the main driver of economic growth.  On the other hand, institutional lying and corruption is one of the main factors hurting our economy.

Attacking Syria would be a much more serious war crime than even a chemical weapons attack.  (And history shows that the U.S. is guilty of more serious chemical weapons attacks than anyone in Syria has committed).

Polls show that the American public – and the entire world –  believes that the American government is lying about its case for war … just as it did in Iraq.

As such, attacking Syria would further undermine the rule of law, further erode trust in the government … and therefore further damage our economy.

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  • michaelrivero

    Sure, let’s murder a whole bunch of people to balance the books; that’ll secure the US reputation as a human rights champion!

    It is a MYTH that wars are good for the economy. Yes, there is a surge of cash flowing around paying for the war, but it it all BORROWED cash, borrowed at interest from the private central bankers, and the illusion of wartime prosperity is paid for with decades of peacetime hardship making the payments plus interest on that loaned cash!

    • Palmer Eldrich

      I agree with Rivero , the temporary boost was in the past derived from the expansion of debt , this was because of a number of reasons , “confidence” “information flow” etc. we are at the end of the debt super-cycle and more debt can not now solve the issue of a debt limit, that is to say the “faith” in debt is gone. people see the scam, or more people do.

    • gozounlimited
      • gozounlimited

        Coming to your neighborhood soon…..

  • theblues77

    Reputation can easily be restored when you have the hands down best
    military in the world and some peaceful years. Reputation is a red

  • hvaiallverden

    I have show it before and do it again, this is the plain truth from J. Napolitano.

    As then and now, a razor sharp analysis of the present situation.
    A prime ex. on what History can teach us all.
    (somehow, its been difficould to obtain, but this is the only copy avaiable)


  • Ezra Pound

    Here is his home address and phone number:

    Peter G. Morici Jr.
    810 S Royal St.
    Alexandria, VA 22314-4341


  • How about when Bush was president, Hank Paulson told members of congress there would be “MARTIAL LAW” if they didn’t bail out the banksters, remember that?

    Let’s face it, the only people who are saying we should bomb Syria are: POLITICIANS & THE CORPORATE MEDIA. Congressmen are getting calls 499-to-1 from constituents AGAINST bombing Syria. So there’s a huge reality disconnect between POLITICIANS/MEDIA & WE THE PEOPLE, or another way to put it: between the 1% & the 99%.

  • jo6pac

    Sure, let’s murder a whole bunch of people to balance the books; that’ll secure the US reputation as a human rights champion!
    LOL and thanks but sadly we are about to repeat the same mistake over and over.
    Love this site, thanks for the time you all spend.

  • Propaganda alert II:

    Iran Plots Revenge, U.S. Says —>>> “U.S. Says”

    Officials Say Intercepted Message to Militants Orders Reprisals in Iraq if Syria Hit —>>> “Officials Say”
    Play the drinking game with the word “officials” in this article:

  • Tonto

    The economy is already crashed. Just ask the 50 million Americans without a job, or making minimum wage working part time.

    Can things get worse? Sure they can. They’re getting worse all the time.

    I’m no peace freak though. In part, I agree with the article. A war is needed. It’s more a question of getting the opportunity to corner right foe and shoving their heads, one by one, into the hangman’s noose.

    Hang ’em high.

    • Mr. Jonzz

      If you’re talking about setting up the hangman’s noose in DC then I agree, that’s our only hope.

  • Washington76

    Leaked Documents: US Framed Syria in Chemical Weapons Attack

  • jo6pac

    O/T but here come the banksters.

    This will happen in Amerika because we all know how much the
    banksters love us on Main Street.

  • Mary Fnord

    Can we take up a collection and buy him an airlift into Syria to fight against Assad?

  • Rehmat

    Of course it will bring another recession. Don’t American know it’s a Israel-Wall Street war against the Jew-hating Middle Easterners.

    On August 25, after meeting French Jewish foreign minister, Laurent Fabius, in Tel Aviv, Netanyahu compared the chemical attack in Syria to Iran’s ambition to get a nuclear device. He claimed that Syria has become a “testing ground” for the West to stop Iran’s pursuit for a nuclear device.
    “What is happening in Syria, simply demonstrates what will happen if Iran gets even deadlier weapons,” claimed Netanyahu.

  • AmagnonX

    Syria and Irans best possible counter attack would be to hit soft oil targets in the region – Iran has the range to hit every refinery in Saudi, and just about every oil port and pipeline in the region.

    Not only that, but Iran has prepared itself to shutdown the Hormus as part of its defensive strategy, and this is pubic record.

    If you want oil at $200+ then the sure way to get there is start attacking Syria – cant believe the bubble heads who promote the exact opposite of reality.

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