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The Economic Crisis of the Iran War Could Get Very Bad

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Derek Thompson: “In its war against Iran, the White House has already failed: to offer evidence that the country posed a direct threat to Americans; to provide a consistent justification for the attack; or to explain under what terms the conflict might end.”

“Now the evidence is piling up that this rather unjustified and thoroughly unexplained war could very likely lead to an energy crisis, just as the US economy is showing new signs of weakness…”

“Surely, one thing the US economy doesn’t need right now is a war of choice shutting down a major trade route, blowing up oil markets, and driving up the cost of energy for Americans, just as the labor market seizes up.”

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About Political Wire

goddard-bw-snapshotTaegan Goddard is the founder of Political Wire, one of the earliest and most influential political web sites. He also runs Political Job Hunt, Electoral Vote Map and the Political Dictionary.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

Goddard is the owner of Goddard Media LLC.

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