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Panetta: Iran Strike Could Impact World Economy
Arutz Sheva ^ | 18/11/11 | Elad Benari

Posted on 11/18/2011 12:47:58 AM PST by Eleutheria5

U.S. Defense Secretary Leon Panetta said on Thursday he would raise American concerns about the unintended consequences of any military action against Iran during his upcoming meeting with Defense Minister Ehud Barak, Reuters reported.

Panetta and Barak are due to meet on Friday in Halifax, Canada.

Speaking to reporters traveling with him to Canada, Panetta said the United States believed the most effective way to confront Iran still was to use diplomatic pressure and sanctions.

“Obviously to go beyond that raises our concerns about the unintended consequences that could result,” Reuters quoted Panetta as having said.

Echoing remarks he made last week, Panetta pointed to a U.S. analysis that a strike on Iran would set back its nuclear program by one or two years at most.

Finally, he said, “there are going to be economic consequences to that, that could impact not just on our economy but the world economy. “So those things all need to be considered.”

Asked what message he will deliver to Barak during their meeting, Panetta said, “I’ve made those points before and I'll discuss them again.”

“The United States feels strongly that the way to deal with that is to work with our allies, to work with the international community to develop the sanctions and the diplomatic efforts that would further isolate Iran," he emphasized. “That is the most effective way to confront them at this point.”

......

(Excerpt) Read more at israelnationalnews.com ...


TOPICS: Foreign Affairs; Israel; News/Current Events; War on Terror
KEYWORDS: iran; panetta; thirdworldwar; wakesup; worldeconomy
Wow. Such profound insights. Such vision. I really told them something that time. The world economy is a good thing. Impacting it is a bad thing. Imagine that. ZZZZZZZ
1 posted on 11/18/2011 12:47:59 AM PST by Eleutheria5
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To: Eleutheria5

Nuke Qom from orbit. It’s the only way to be sure.


2 posted on 11/18/2011 12:50:24 AM PST by Moonman62 (The US has become a government with a country, rather than a country with a government.)
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To: Eleutheria5

Yeah, ya think? ... like the Nazis and Commies and WWII?

Panneta (Italian for little piece of bread?) = FAIL


3 posted on 11/18/2011 12:52:34 AM PST by Blado (2008: Year Zero of the Zombie Apocalypse.)
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To: Eleutheria5

4 posted on 11/18/2011 12:52:43 AM PST by Rummyfan (Iraq: it's not about Iraq anymore, it's about the USA!)
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To: Blado

Pannetta: just another Clinton retread.


5 posted on 11/18/2011 12:53:33 AM PST by Rummyfan (Iraq: it's not about Iraq anymore, it's about the USA!)
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To: Eleutheria5

If we were to attack Iran, We would likely have $200.00 a barrel oil for a while, but it would come down in price after a few years and that $200.00 a barrel oil would create many oilfield jobs.


6 posted on 11/18/2011 12:55:59 AM PST by trumandogz (In Rick Perry's Nanny State, the state will drive your kids to the dentist at tax payer expense)
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To: Eleutheria5

Even more, attacking Iran might, in fact, affect the world economy. Who could possibly imagine such a consequence? What an amazing insight from Panetta! We should be thankful to be graced by such leadership, insight, and wisdom.


7 posted on 11/18/2011 1:00:05 AM PST by CitizenUSA (What's special about bad? Bad is easy. Anyone can do bad. Aspire to be good!)
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To: Eleutheria5
U.S. Defense Secretary Leon Panetta said on Thursday he would raise American concerns about the unintended consequences of any nuclear development and military action by Iran upon Israel, during his upcoming meeting with Defense Minister Ehud Barak, Reuters reported

THERE. FIXED IT.

8 posted on 11/18/2011 1:06:18 AM PST by AmericanInTokyo (LAURA INGRAHAM'S in-the-tank for Romney, anti-Herman Cain SMEARS are about all I can take!!)
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To: Rummyfan

If this wasn’t about such a serious matter, it would make for an excellent comedy. Think of it. A nation spends 30 years openly threatening the Great Satan (USA) while our leaders and diplomats play little reindeer games.

http://www.urbandictionary.com/define.php?term=reindeer%20games


9 posted on 11/18/2011 1:06:32 AM PST by CitizenUSA (What's special about bad? Bad is easy. Anyone can do bad. Aspire to be good!)
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To: AmericanInTokyo

If all else fails, I’m certain a strongly worded letter to the Iranians will do the trick, eh?


10 posted on 11/18/2011 1:08:26 AM PST by CitizenUSA (What's special about bad? Bad is easy. Anyone can do bad. Aspire to be good!)
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To: All

Bump!


11 posted on 11/18/2011 1:14:13 AM PST by AmericanInTokyo (Promise: If Cain fails, I'll vote for NO GOP Nominee in 2012 if he/she had a hand in The Cain Smear)
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To: Eleutheria5

Electing a dirty moslem communist traitor could affect the world economy too.

We did that.

So let’s try nuking Iran.


12 posted on 11/18/2011 1:20:05 AM PST by LyinLibs (All moslems are somewhere on the killing-you spectrum)
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To: Eleutheria5

An Iranian nuclear bomb exploding over Israel will impact the world economy too. Blame Iran.


13 posted on 11/18/2011 1:24:01 AM PST by F15Eagle (1 John 5:4-5, 4:15, 5:13; John 3:17-18, 6:69, 11:25, 14:6, 20:31; Rom10:8-11; 1 Tim 2:5; Titus 3:4-5)
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To: trumandogz
" If we were to attack Iran, We would likely have $200.00 a barrel oil for a while, but it would come down in price after a few years and that $200.00 a barrel oil would create many oilfield jobs. "

Where necessity is the mother of invention, in this case, necessity would be the mother of priority.
Only then will the USA realize that we have the know how, the resources, will, if we are only allowed to drill and produce our own oil reserves will we know that the USA has all the necessary petroleum resources on our on borders to sustain our selves.
14 posted on 11/18/2011 1:35:38 AM PST by American Constitutionalist (The fool has said in his heart, " there is no GOD " ..)
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To: F15Eagle

An Iranian nuclear bomb exploding in outerspace could destroy the world economy. But don’t blame Iran. Blame Israel./s


15 posted on 11/18/2011 1:38:23 AM PST by Eleutheria5 (End the occupation. Annex today.)
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To: CitizenUSA

Then he fell asleep and dreamt that his nose hairs had grown extremely long, and every time he twitched his nose, it swished this way and that and swatted flies that were bothering him. Somewhere behind him, the rest of him was eating grass and whinnying.


16 posted on 11/18/2011 2:02:16 AM PST by Eleutheria5 (End the occupation. Annex today.)
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To: Eleutheria5

Both an Iranian nuke over Israel OR an Israeli nuke over Iran will affect the world economy too, but that’s where the similarities end.

An Iranian nuke over Israel moves the world towards anarchy, injustice, dishonor, and murder.

I suspect that any Israeli nuke over Iran would be done in such a way, showing Iranian intentions prior to doing it, would move the world towards justice, honor and a brighter future. And, to quote Winnie, where the world will be able to “plan and build in justice, in tradition, and in freedom a house of many mansions where there will be room for all.”


17 posted on 11/18/2011 2:04:32 AM PST by C210N (zer0 - a Marxonist spreading the flames of obamunism wherever he goes.)
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To: Eleutheria5

Panetta said the United States believed the most effective way to confront Iran still was to use diplomatic pressure and sanctions

Yeah go with that. It usually works real well!
We are governed by IDIOTS........


18 posted on 11/18/2011 3:01:22 AM PST by SECURE AMERICA (Where can I sign up for the New American Revolution and the Crusades 2012?)
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To: C210N

I don’t think Israel would use nukes to counter Iranian nuclear threats. Bunker-buster bombs and sabotage, perhaps a land invasion, would do the trick. It’s the land invasion and getting the bunker-busters over there that give me a headache.


19 posted on 11/18/2011 3:03:44 AM PST by Eleutheria5 (End the occupation. Annex today.)
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To: Eleutheria5
A charitable view of these comments is that they are just more of the endless diplospeak where process is confused with goals. A more sinister interpretation is that this is preparation for Obama getting Israel destroyed and most of the Jews killed to help his coreligionists.
20 posted on 11/18/2011 3:03:46 AM PST by Truth29
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To: Truth29

The end result will be the same. If Iran gets nukes, it will use them to either destroy Israel, or detonate them in orbit and thereby destroy the West and Israel together by neutralizing their technological infrastructure with the resultant EMP.


21 posted on 11/18/2011 3:07:00 AM PST by Eleutheria5 (End the occupation. Annex today.)
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To: Eleutheria5

Failure to strike the Iranian nuclear program in time will impact the world economy far more - starting with Tel Aviv but followed by New York and London soon after that.


22 posted on 11/18/2011 3:31:18 AM PST by Pollster1 (Natural born citizen of the USA, with the birth certificate to prove it)
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To: trumandogz

“…and that $200.00 a barrel oil would create many oilfield jobs.”

Not in the United States, apparently. We have WAY too many snail darters and rare newts. It is MUCH better that we live in a pristine environment, perfect in every way, and have to learn Chinese because they own us. BTW, does anybody think China won’t strip mine their way from California to Rhode Island once they have the deeds?


23 posted on 11/18/2011 4:14:54 AM PST by Gen.Blather
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To: trumandogz

$200.00 Bbl would be conservative...


24 posted on 11/18/2011 4:17:21 AM PST by djf (http://www.freerepublic.com/focus/f-chat/2801220/posts)
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To: Eleutheria5

If Iran acquires nukes, then its nutty enough to attack targets in Israel, Europe or the US. What’s the impact to the world economy then Leon??

I’m sure in the runup to WWII, there were shortsighted idiots in Britain and France who said that standing up to Germany would impact the European economy. Of course, that paled in comparison to the impact of a World War.


25 posted on 11/18/2011 4:40:46 AM PST by rbg81
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To: Eleutheria5

Israel is not in a position to invade Iran via land. And neither are we. It would be about 10X worse than Iraq.


26 posted on 11/18/2011 4:41:48 AM PST by rbg81
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To: Eleutheria5

The disruption would be brief and the recovery up and to the right...


27 posted on 11/18/2011 4:50:50 AM PST by Eric in the Ozarks
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To: Eleutheria5
Echoing remarks he made last week, Panetta pointed to a U.S. analysis that a strike on Iran would set back its nuclear program by one or two years at most.

 

Yeah?  Then I'm all for coming back every year or two to make the point "you will not have a nuclear arsenal or capability"

28 posted on 11/18/2011 4:52:24 AM PST by Vendome (Don't take life so seriously, you won't live through it anyway)
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To: rbg81

That might be what it takes. So if nobody is in a position to do it, somebody had better get in the position, and suffer whatever it takes. A nuclear armed Iran would also wreak havoc with the global economy and regional stability. You guys have the carriers and the navy pilots, not to mention the ground forces. So long as you’re pulling out of Iraq, send a few over thataway. We’ll back you up;-)


29 posted on 11/18/2011 5:04:07 AM PST by Eleutheria5 (End the occupation. Annex today.)
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To: Eleutheria5
How is it that we always hear all of these dire warnings and predictions about the "consequences" of an attack on Iran, but we NEVER hear about the consequences of what would result if Iran were to lob a nuke at Israel?

I never hear anyone pressuring Ahmadinejerkoff to moderate HIS statements, opinions and all that in the interest of regional peace and stability.

Nuke those Persian pricks and turn Iran into the Persian Sea, the best days of that forsaken place left when the Shah was driven out as an exile (THANK YOU JIMMAH DOUCHEBAG).
30 posted on 11/18/2011 5:15:46 AM PST by mkjessup (I stand with Herman Cain, a God-fearing, Jesus-loving, Constitution-honoring PATRIOT.)
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To: dennisw; Cachelot; Nix 2; veronica; Catspaw; knighthawk; Alouette; Optimist; weikel; Lent; GregB; ..
Middle East and terrorism, occasional political and Jewish issues Ping List. High Volume

If you’d like to be on or off, please FR mail me.

..................

Yes, irrespective of how one reads the headline. I suspect an Israeli counterstrike to an Iranian wmd attack would have far greater economic impact than a preemptive strike on Iran. Wonder if Leon has given any thought to the economic no strike scenario. Simply let Iran go nuclear and dominate the oil producers of the region. Probably not, he's too busy worrying about the threat from India

31 posted on 11/18/2011 5:18:40 AM PST by SJackson (Haven't changed the environment, just take a bath. Eat a piece of chocolate. You need one. Michelle)
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To: Eleutheria5

Panetta knows that when he meets with Barak, it’s his job to restrain Israel. So he’ll say - well, whatever. Who knows what kind of blackmail will be going on behind closed doors.


32 posted on 11/18/2011 2:08:27 PM PST by BusterBear
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To: BusterBear
Iran Strike Could Impact World Economy


33 posted on 11/18/2011 2:09:31 PM PST by dfwgator (I stand with Herman Cain.)
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To: Vendome

Better yet, set back their capability for a year or two at most, and in that interim, work like hell to undermine their regime. Give covert aid to the students, to the Kurds, and cultivate a few other dissident groups to tear down the Mullahs from within. Don’t decry your own fifth columnists, emulate them.


34 posted on 11/19/2011 10:47:33 AM PST by Eleutheria5 (End the occupation. Annex today.)
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