Poll: Iraq War Affecting Economic Downturn, Say 9 In 10
HP-According to a new poll by CBS News, 89% of Americans think that the Iraq War has contributed to the country’s economic problems. Americans surveyed ranked the war immediately behind the economy as the most pressing problems faced by the nation:
Joseph Stiglitz iraq war cost part 3
BIO-Joseph Eugene “Joe” Stiglitz (born February 9, 1943) is an American economist and a member of the Columbia University faculty. He is a recipient of the John Bates Clark Medal (1979) and the The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel (2001). Former Senior Vice President and Chief Economist of the World Bank, he is known for his critical view of globalization, free-market economists (whom he calls “free market fundamentalists”) and some international institutions like the International Monetary Fund and the World Bank. In 2000 Stiglitz founded the Initiative for Policy Dialogue (IPD), a think tank on international development based at Columbia University. Since 2001 he has been a member of the Columbia faculty, and has held the rank of University Professor since 2003. He also chairs the University of Manchester’s Brooks World Poverty Institute and is a member of the Pontifical Academy of Social Sciences. Stiglitz is among the ten most cited economists in the world, as of 2008.[1]
New Study on the Cost of the Iraq War THREE TRILLION DOLLARS
Unfortunately when I read any headline that says “the majority of Americans think…” I say, well it must be the exact opposite.
Our collective decision-making is shameful.
5 of 5 major news outlets report on Britney Spears’ every move. And Americans can’t get enough.
If the current-account deficit, budget blow-out and record high household debt service payments don’t get your attention, maybe the recession, equities market meltdown, housing collapse and subprime mortgage-backed securities fiasco will. $100/bbl oil will correct itself once the dollar recovers from the mugging its been taking.
Those are the ones that are easy to fix, or at least we know what needs to be done.
Rebuilding faith in the credit rating agencies isn’t quite so simple.
David
Do you know Joseph Stiglitz? And what is your opinion of him?
I know of him, of course, but I’ve never met him. Very highly regarded economist of the World Bank / IMF type.
What many around here would call a good globalist.
“If the current-account deficit, budget blow-out and record high household debt service payments don’t get your attention, maybe the recession, equities market meltdown, housing collapse and subprime mortgage-backed securities fiasco will.”
So…
If I understand you correctly, you are saying that the Bush administration has been an overwhelming success?
We can’t deny the fact that America is now facing economic problem.So what is your response or stand on this?