Wednesday, October 8, 2008

Real News Video with Pepe Escobar: 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



"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."

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