Here’s how I look at it. Sure Nobel Prize winning economist, Joseph Stiglitz, says that the Iraq War has cost us $3 trillion, but a lot of that is fluff. I’ll take the administration’s indication that really its only cost about $600 billion, maybe even less.
That seems like a lot of money; what we need is some way of putting it into perspective. The Bush administration if nothing else has been giving us a steady stream of new perspectives. Heck disregarding the financial industry’s unregulated excesses cost us $700 billion on Monday. That puts things in much better perspective.
While McCain — not Palin — obsessively devotes his attention to a minute segment of federal spending called “earmarks,” financial institutions have crumbled, fortunes, homes and jobs have been lost and we have embarked on the worst economic period since the Great Depression.
We are now discussing a $85 billion “bridge loan” to AIG to try to avoid the collapse of the nation’s biggest insurance concern while Washington Mutual is teetering on the brink of insolvency. Isn’t it funny how “bridge” keeps coming up here?
Palin used to be all for doing things until the federal government wouldn’t pay for it, then against them. Since pairing up with McCain she’s all against giving money to anybody, particualrly those nasty financial institutions. While McCain debates with himself about whether there’s problem, at least Palin is clear about things. She was a Godsend to McCain.