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SeanMcBride (smcbride2@yahoo.com) has sent this item to you.
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| By Armando on Bush Administration Larry Lindsey on the "benefits" of "regime change" in Iraq: As for the impact of a war with Iraq, "It depends how the war goes." But he quickly adds that that "Under every plausible scenario, the negative effect will be quite small relative to the economic benefits that would come from a successful prosecution of the war." "The key issue is oil, and a regime change in Iraq would facilitate an increase in world oil," which would drive down oil prices, giving the U.S. economy an added boost. Price of oil today: Oil prices leapt above $72 a barrel Wednesday, settling at a record high for the third straight day after a government report showed shrinking U.S. gasoline supplies and traders fretted about nuclear tensions between Iran and the international community. You were saying Mr. Lindsey? Tweety did good: Appearing this afternoon on MSNBC's Hardball, White House Counselor Dan Barlett adamantly denied that anyone in the administration claimed that the Iraq war would lead to lower gas prices. . . . As Matthews noted later in the broadcast, Laurence Lindsey - President Bush's senior economic advisor at the time -- argued in 2002 that the Iraq war would increase oil supplies and lower prices. 
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