Opposition to War Has Moved From Main St. to Wall St.
The following is a press release from January 24, 2003, by Kucinich's office in Congress
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Kucinich: Opposition to War Has Moved From Main St. to Wall St.
Falling Markets Strong Indication of Devastating Effects War Will Have on Already Fragile Economy
Today's drop in the Dow, the worst one-day decline since September, is a clear example that the Administration's war rhetoric, and military build-up, is an imminent threat to our nation's economy, Congressman Dennis J. Kucinich (D-OH) stated today.
Kucinich, Ranking Member of the House Government Reform Subcommittee on National Security, Veterans Affairs and International Relations issued the following statement:
"The Administration's escalation in rhetoric is having devastating effects on an already fragile market, as it is apparent that opposition to the Administration's unilateral preemptive war against Iraq has moved from Main St. to Wall St.
"Time and time again, as the Administration increases its war rhetoric, the stock market plunges and leading economists warn of the crushing effects war will have on the nation's fragile economy.
"It is clear that our nation's economy is at critical cross roads and the Administration's determination to wage an unilateral war will not only have devastating effects on our standing in the world community but also on our markets at home.
"If the Administration continues on the path to war, our nation's already shaky economy will likely dip into a double recession. Today's drop, the worst one-day decline since September, is a clear warning that investors across this nation are opposed to the Administration's policy in Iraq.
"The United States must stop the rhetoric, pull back from the verge of war, abide by its commitments to the international community and allow UN weapons inspection to proceed. It is clear that to follow the path to war will have long lasting and devastating effects on our nation's economy."
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