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The Iraq war hits Wall Street

  1. Vierotchka
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At almost $1 trillion, and counting, the Wall Street bailout will cost taxpayers as much as the Iraq war.

Barack Obama squandered the chance to lead with an alternative plan to the Wall Street bailout. Instead both Obama and McCain pushed for a plan that's not only deeply unpopular but potentially as costly as a new Iraq war. Too busy slinging mud at each other, both campaigns are ignoring the enormous significance and wide-ranging repercussions of the financial crisis, which British scholar John Gray defines as the US equivalent of the fall of the Soviet Union.

Pepe Escobar, born in Brazil is the roving correspondent for Asia Times and an analyst for The Real News Network. He's been a foreign correspondent since 1985, based in London, Milan, Los Angeles, Paris, Singapore, and Bangkok. Since the late 1990s, he has specialized in covering the arc from the Middle East to Central Asia, including the wars in Afghanistan and Iraq. He has made frequent visits to Iran and is the author of Globalistan and also Red Zone Blues: A Snapshot of Baghdad During the Surge both published by Nimble Books in 2007.

Vierotchka

16 responses // The Iraq war hits Wall Street

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    Hopefully money will have NO value whatsoever. That's when the shit will really hit the fan.

    ChristmasAsen
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    Wars are created to drastically change the cultural landscape of the countries involved in the conflict. Iraq has suffered with loss of lives and political and social turmoil, while the US will suffer bankruptcy, political instability, and a diminished worldwide reputation. And don't think for a second that this wasn't planned.

    recommended by huntre, donkeyfly69
    maasanova
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    Insanity.

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    These numbers go up and up and up, I fear we're watching inflation rise out of control.

    phillyharper
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    This is only the tip of the iceberg. We surpassed the 10 Trillion dollar deficit number, an amount they said we would never hit. A number we can't even imagine.

    I have to agree with Maasanova, everything that has happened to this country over the last 71/2 years has been carefully planned and executed to perfection. It's amazing what can be accomplished when a country is run under a "State of Fear".

    TerryA
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    crazy!

    CalgarC
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    what plan? what's the point in this "conspiracy" i don't get it?!

    matlaroche
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    I have the solution, Vote third party to protest! Nader or Ron Paul will do it!

    recommended by donkeyfly69
    stopnoise
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    The war was a pointless waste of money to begin with... its all about $$$ greed and oil not terrorism!

    PrincessTiffany
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    i dont understand how you can vote no on a bill, then "ammend" it to look the same as the one you didn't pass and call it kashrut.

    how were you thinking about the american people when something like this is passed. it's our money that you're spending, do you think we're going to be ok with that?

    recommended by donkeyfly69
    curiousG

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