War in the Middle East?

investmenttool.com Opinion

Last Friday night, 19 innocent young people will killed in a suicide bombing at a Tel Aviv night spot. Over 70 were also wounded. It was the latest in a string of bombings and attacks that occurred while Israeli Prime Minister Ariel Sharon stuck to a unilateral cease fire. It is the latest shot in a war that is certain to break out. Investors should keep an eye on this war, because it will be nasty and it will not be portrayed fairly in the world media.

When the Mitchell Committee indicated that a cease fire should occur after 8 months of fighting, Prime Minister Ariel Sharon made a brave move. He declared, that he would stop shooting first. With more combat power than the U.S. Army, he could afford to make such a move.

The reply from Palestinian Chairman Arafat was a series of shootings and bombings, culminating in a massacre at a Tel Aviv night club. It is obvious that Mr. Arafat does not want a peace deal. He wants to kill as many Jews as he can prior to his death, which he feels will be the death of a martyr.

President Bush has insisted that Chairman Arafat condemn the bombing. I ask, why would Mr. Arafat do that. He sheltered the bombers, provided them safe haven and munitions? Why would he now condemn the bombing? What does he have to lose?

President Bush needs to take a stand and get behind our long time ally, the only democracy in the Middle East. He needs to make it clear to Mr. Arafat that if he does not stop the violence the U.S. will stop forking over taxpayer dollars to terrorists. He needs to take decisive action and do it now.

Mr. Bush also needs to make clear that Israeli retaliation is acceptable and expected after such a grave massacre. My sources in the Middle East tell me the plan will involve the invasion of Palestinian Authority cities, and the search for weapons of any kind. Thousands of terrorists will either be rounded up or expelled from the country.

I have sat as a moderate for years, thinking that I the Arab side realizes that BOTH sides make concessions in negotiations, peace can be achieved. I was wrong. The Arab side never realized that. They want complete capitulation. They will not get it.

Investors beware, the price of oil may be threatened. The economy of the world may become shakier. The stock market might suffer in the short term. However, in the long run, the removal of Mr. Arafat from power would probably be a good thing.

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Shmuel Protter
investmenttool.com

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