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.
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.
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.
Bio
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.
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