One of the key issues McCain has not addressed is what is our approach to the wider War of Terror. He appears to only be concerned strictly with our military effort in Iraq and Afghanistan. We get no strategic thinking on the wider issues. Iran? The economic or political effects?
Beyond completing the mission in Iraq, the two biggest issues out there are how do we prevent Iran from getting the bomb, and how do reduce our dependence on foreign oil. McCain is largely AWOL on both and is endangering on troops in the process.
What will be our response be if Iran gets the Bomb? What will be our response if Israel attacks Iran, and Iran retaliates by stopping the flow of oil tankers in the Persian Gulf, or worse yet, hitting our homeland via Hezbollah? The American public needs to be discussing these issues right now. They’re not. If Iran gets the Bomb, we will have a huge problem.
The oil crisis is just another front in the wider war. We are losing on that front too. Our vulnerability on oil has led to a very weak dollar. The weak dollar and the resultant higher commodity prices forced the Fed to hold down the money supply ( the money supply value M1 has not grown in three years) far too long.
In large part, regardless of past foolish lending practices, the inability to work out the bad loans through new sales and lending has caused our severe credit crunch to spin out of control. We now may be on the verge of an economic disaster as a result.
Iran, Russia, Venezuela and Saudi Arabia have clearly been players in pushing up the price of oil. We have financed their misadventures around the world, with our high gas prices. It is also in the interest of Iran, Russia and Venezuela to take us down several notches. They are on the verge of succeeding.
McCain has been part of the problem, not the solution for too long. He has endangered our security in his pandering to the left. His continued pandering gives the left and the democrats cover for not drilling. We’re in deep trouble unless we start to tap all our oil resources, including ANWR, soon.
