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When the Navy closed it's base in the Phillipines, the economic impact was in the billions. The same thing held true for Panama when we left in '99. The impact will probably be less for Germany, which is much more reliant on it's on populace than the two I previously mentioned. As for psychological impact, I'd say it runs the gamut from no longer feeling the protection of the American umbrella to happiness at being free from, as they see it, "occupation".
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"In Iraq, no doubt about it, it's tough. It's hard work. It's incredibly hard. It's - and it's hard work. I understand how hard it is. I get the casualty reports every day. I see on the TV screens how hard it is. But it's necessary work. We're making progress. It is hard work."
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