Seven Year Itch

Friday, March 20, 2009

Kim Gamel, AP editor based in Baghdad, and Steve Clemons, senior fellow and director of the American Strategy Program of the New America Foundation, discuss the start of the 7th year of the Iraq war. Unemployment, deficits, and many of the same troubles that plague us here are weighing down the Iraqi economy as well.


Steve Clemons and Kim Gamel

Comments [4]

Jeff from New York

Can't connect to the stream! second day in a row! restart!


Mar. 20 2009 11:06 AM
Phil from Queens

-- nice try, but you said that the price of oil was down when it is up and totally missed the major cause at the moment since production is stable and demand is down. The truth is that printing money reduces its value and therefore the cost of all items -- including oil goes up.

The price of oil has risen about 25% in the last week or so because the world is finally realizing that the Bama admin is failing and in doing so is printing trillions of paper dollars. This may, in the end yield world wide inflation and a world wide depression -- can you say "the failed Weimar Republic and the rise of National Socialism?" You young ignorant and arrogant radio nerds should look stuff up before you open your mouths.

Sorry, just trying to help you guys tell the truth. Something that WNYC, NPR and the BBC have been playing fast and loose with the last few years.

Mar. 20 2009 10:52 AM
Teo from Brooklyn

Come on guys don't talk around it.

The price of oil is valued and traded in dollars world wide on the New York mercantile exchange. The effect of the fed's purchase of stocks and Treasuries this past week was to introduce a trillion new dollars in the money supply--in effect devaluing the dollar and thereby causing products (like oil) traded in Dollars but produced abroad to go up.

Mar. 20 2009 10:34 AM
hjs from 11211

how many years before they forgive us??

Mar. 20 2009 10:07 AM

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