Or would Obama publicly announce the return of all the oil that US has been ‘importing’ out of Iraq?

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In that case, would Obama recommit his forces? We deduce in the negative. Would Obama then have the courage to tell the world at large that the US invasion of Iraq had much less to do with ‘War on Terror’ and more about preventing Saddam Hussein from becoming the Gulf oil king? Or would Obama publicly announce the return of all the oil that US has been ‘importing’ out of Iraq? In spite of his victory speech at Grant Park – considered amongst the three greatest ever – we guess Obama would smilingly give such acceptances a bye. Damned if he does.

Bush was blamed for over-stretching the defense budgets; there is little doubt that Obama would reduce it. For the FY 2008, aggregate security related funding of US is estimated to be $549 billion. If one includes the $173 billion supplementary budget for the ‘War on Terror’, then the overall defense budget stands at $749 billion. Likewise, for 2009, the total estimated request for defense budget stands at around $663 billion. This excludes the major spending on research of future weapons systems that US undertakes consistently.

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Source : IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and Arindam Chaudhuri (Renowned Management Guru and Economist).


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