The Iraq War Hits Wall Street

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

Comments

[chuckieboy]

Please get real. This unnecessary war, built on lies, will cost about 3 TRILLION. Just about nobody factors in the cost of Veteran benefits (disability payments), health care, and survivor benefits for the unfortune families who lost a loved one due to this disgraceful event in our history.

[BushSunkOurShip]

Bin laden had a dream and Bush and Cheney full filled it...
This was the goal of Bush and Cheney's when they stole election in 2000 was it not...
Destruction of our constitution , democracy , freedom , power , military and a total transfer of wealth to the elist and corporations....
Many years ago the elist made a statement , that common people have to much of their wealth..

[CostaDelBarto]

>Many years ago the elist made a statement , that common people have to much of their wealth...

Not any more.