"Engaging"? Bush & Co. backs down from Iran? Must be planning a South American invasion. Can't stretch those troops too thin, you know.
US moves towards engaging Iran
US moves towards engaging Iran
Any number of reasons could be attributed to the Bush administration finally jettisoning a war strategy toward Iran. First and foremost comes the unbearable financial cost of waging a war with Iran, which would have to be underwritten by China, Saudi Arabia and Japan. As Nobel Laureate and US economist Joseph Stiglitz stated last week, the impact of the subprime crisis in the US will persist for two to three years, and only after that time could the US economy hope to recover. Stiglitz blamed the Iraq war for dragging down the US economy. "It has proven to be an enormous error," he said, stressing that the Iraq war has been "a disaster in every way".
