While Israel is 7,400 miles from here, the consequences of war, to one degree or another, will affect the American and Bay Area economies.
While the task at hand for the U.S. is to assist Israel in its fight to help create an environment where talking replaces shooting, that task may impact the U.S. economy.While the task at hand for the U.S. is to assist Israel in its fight to help create an environment where talking replaces shooting, that task may impact the U.S. economy.
Since oil prices are as much political as economic, the danger of sharp rises is real, especially with major exporters and OPEC. Worse, diesel prices would also skyrocket. "High diesel prices are like a hidden tax on the consumer because they go into the cost of delivering all the goods and services that the consumer wants at their home," said Lipow.
In any event, war comes at a brutal cost in lives and treasure. According to Brown University’s Costs of War study, since the 9/11 terrorist attacks, the U.S. has spent and obligated more than $8 trillion U.S. for the wars in Afghanistan, Pakistan, Iraq and elsewhere. While a lot of that national treasure is spent within the U.S. for making military hardware and military pay, a lot of it is literally blown up into smoke.
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