The Iraq War Hits Wall Street

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At almost $1 trillion, and counting, the Wall Street bailout will cost taxpayers as much as the Iraq war. The Real News Network's Pepe Escobar examines the costs in more detail.

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.

For more stories on the US economy visit TheRealNews.com

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