Fiorina Suggested Costly Iraq War Has Nothing to Do With Our Current Economic Crisis

April 7, 2008

"There's no question that the Iraq War is costing us a lot of money," Fiorina replied. "But it's also the case that the housing crisis has nothing to do with the Iraq War. High fuel prices have nothing to do with the Iraq War, per se. And high food prices, in particular, have nothing to do with the Iraq War. ... It's not fair ... to try and make the Iraq War the cause of our current economic difficulties." [MSNBC 04/07/2008]

• Nobel Prize-Winning Economist Joseph Stiglitz Has Blamed The Iraq War For Sending The United States Into A Recession. According to Mother Jones, "On Wednesday, he told a London think tank that the war caused the credit crunch and the housing crisis that are propelling the current economic downturn. Testifying before the Senate's Joint Economic Committee the following day, he said our involvement in Iraq has long been 'weakening the American economy' and 'a day of reckoning" has finally arrived.'" [Mother Jones, 2/29/08]

• 9 In 10 Americans Believe The Iraq War Has Contributed To U.S. Economic Problems. In aNew York Times/CBS poll, 89 percent of those surveyed said the cost of the war has contributed "a lot" or "some" to U.S. economic problems.[New York Times, 4/4/08]