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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
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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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