Try digitalPLUS for 10 days for only $0.99
Topics

International Trade

Obama's dithering on Syria puts the economy at risk

Obama's dithering on Syria puts the economy at risk

President Barack Obama's vacillation on Syria — first delaying military action and then booting the decision to Congress — poses grave threats to U.S. prosperity. Imminent military action, especially in the Middle East, instigates fears of shortages and creates panic in oil markets. Two years ago, oil prices jumped to more than $110 in anticipation of the U.S. action in Libya but then subsided when the worst did not happen to oil supplies. With mounting evidence that Syria used chemical weapons, oil prices again jumped, and a prolonged debate in Congress could push gasoline above $4. That would dent Detroit's resurgent auto sales, shelve investment decisions...

Loading

88°