New Bipartisan Policy Center Report Examines Economic Impacts of a Nuclear Iran

[bananas]

http://www.sacbee.com/2012/10/10/4898569/new-bipartisan-policy-center-report.html

New Bipartisan Policy Center Report Examines Economic Impacts of a Nuclear Iran

By Bipartisan Policy Center
Published: Wednesday, Oct. 10, 2012 - 7:10 am

WASHINGTON, Oct. 10, 2012 -- Consequences Could Include Skyrocketing Energy Costs, Higher Unemployment and Inflation for U.S. Economy

WASHINGTON, Oct. 10, 2012 /PRNewswire-USNewswire/ -- Today, the Bipartisan Policy Center (BPC) released a study evaluating the economic consequences of a nuclear Iran. The analysis employs traditional economic modeling techniques to examine both how energy markets might respond if Iran acquires a nuclear weapon and the possible consequences for the U.S. economy.

The BPC report, The Price of Inaction: An Analysis of Energy and Economic Effects of a Nuclear Iran, concludes that a nuclear Iran would alter the political landscape of the Middle East and increase the likelihood of instability, terrorism and conflict. Simply the expectation of instability and supply disruption triggered by a nuclear Iran could significantly drive up fuel prices. Significant price increases would result in higher unemployment, higher inflation and a reduction in the nation's gross domestic product (GDP).

The bipartisan task force that developed the paper is co-chaired by former Senator Charles Robb and General (ret.) Charles Wald, and comprised of former elected leaders, policymakers, military officials, energy analysts and economists, including Ambassador Dennis Ross and economist Dr. Daniel Ahn.

"A nuclear Iran not only poses geopolitical risks, but could severely impact the U.S. economy," said Senator Robb. "Any public discussion we have on this enormously challenging issue must consider both the cost of halting Iran's nuclear ambitions, and the cost of not doing so."

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The report and additional information is at http://bipartisanpolicy.org/news/press-releases/2012/10/new-bipartisan-policy-center-report-examines-economic-impacts-nuclear-ir

[yurbud]

1. "bipartisan" should be replaced with "bribe partisan"

When both major parties are pushing something that the general public does not need or want, you know some campaign coffers have been fattened or in this case, former pols have been given fat salaries to convince their former colleagues to do what the rest of us don't want.