During the peace march in SB today, one of our most popular chants was, "We told you so!" The fact is, everything evil that would result from invasion of Iraq--according to those who objected to it--is coming to pass. A nightmare in Iraq itself, the spread of terror elsewhere, the anger of the Muslim world, the alienation of our traditional allies, a huge expense in American and Iraqi lives, and American dollars.
Now, my own chant, to the same effect: The rising price of oil, due in part to the weak dollar, causing inflationary prices, rising in an economy that's dormant. Deflation.