About This Blog
Make Bush dance the night away!
|Play this free game now!!|
Because the guy quoted in the following account is a Nobel prize winner, I realize he will be dismissed as just another liberal-commie, but nevertheless....
THE Iraq war has cost the US 50-60 times more than the Bush administration predicted and was a central cause of the sub-prime banking crisis threatening the world economy, according to Nobel Prize-winning economist Joseph Stiglitz.
The former World Bank vice-president yesterday said the war had, so far, cost the US something like $US3trillion ($3.3 trillion) compared with the $US50-$US60-billion predicted in 2003.
The spending on Iraq was a hidden cause of the current credit crunch because the US central bank responded to the massive financial drain of the war by flooding the American economy with cheap credit.
Professor Stiglitz attributed to the Iraq war $US5-$US10 of the almost $US80-a-barrel increase in oil prices since the start of the war, adding that it would have been reasonable to attribute more than $US35 of that rise to the war. Link
The economy has risen to most important issue status among Americans. The occupied American territory of Iraq is also in the top three or four most important issues for Americans.
They are interconnected, according to a Nobel prize winner in economics. What would he know, right?
If this connection actually surfaces in Knee Pad Land, then expect a full-blown phony narrative argument reminiscent of the, "Valerie Plame wasn't covert", phony narrative argument.
So....Bush helped to destroy Iraq as well as the American economy.
I expect the phony narrative that will be constructed from whole cloth will be something along the lines of, "Bush has proved how efficient his leadership style is by
Juggling is what court jesters do best. That is, after soft shoe dancing.
- 2013 (115)
- 2012 (265)
- 2011 (254)
- 2010 (274)
- 2009 (302)
- 2008 (331)
- 2007 (305)