Quote:
Originally Posted by Ray
I was referring to the current trends towards recession in the US and its effect on the US domestically and its effects on the world
BBC NEWS | Business | Recession in the US 'has arrived'
Deep recession feared in U.S.
U.S. undoubtedly in recession: Jim Rogers | Reuters
I believe it will not go away in a hurry. Therefore, the new President will have his/ her hands full steering the ship of USA to be concerned about the Middle East.
In light of the above, no matter what the current Administration does, one wonders if the new Administration will be in a position to continue the momentum and instead would be more occupied to issues that directly concern the citizens of the USA like shoring up the economy and bringing some of the troops back from Iraq.
There is no doubt that the Middle East beggars a solution, but will the new Administration have the time to pursue the same vigorously?
If I recollect correctly, each Administration raised hopes at the end of their tenure, but thereafter, with the next Administration the hope petered off!! The next Administration, after Bush, will have its hands full worrying about the economy and so will it be different from the other Administrations?
I wonder if I have been able to explain what I am seeking.
|
Think about it, one of the largest impact of the position that we are in now is a weak dollar and high commodity prices. A peace deal in the Middle East could turn at least oil prices around if it is negotiated with a regional framework/possible OPEC participation. Pursuing that would, in fact, be shoring up the economy. I don't think that a regional peace settlement is possible at this stage, however, not in the next four years.