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Old 03-14-2009, 03:19 PM   #1
Undertoad
Radical Centrist
 
Join Date: Jan 2001
Location: Cottage of Prussia
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So you guys figure al Qaeda is responsible for the economy, and not bad valuation of toxic mortgages causing several major banking failures leading to a credit crunch?

Hint:
-- cost of entire Iraq war: $3 trillion -- and everybody agrees that is far, far too much
-- cost of bank recovery and economic stimulus bills: $1487 trillion -- and many think it is not enough
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Old 03-14-2009, 05:00 PM   #2
sugarpop
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Join Date: Nov 2008
Location: the edge of the abyss
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Quote:
Originally Posted by Undertoad View Post
So you guys figure al Qaeda is responsible for the economy, and not bad valuation of toxic mortgages causing several major banking failures leading to a credit crunch?

Hint:
-- cost of entire Iraq war: $3 trillion -- and everybody agrees that is far, far too much
-- cost of bank recovery and economic stimulus bills: $1487 trillion -- and many think it is not enough
I think al qaeda was hoping we would do something stupid, like spending trillions of dollars on a war with a country that did not attack us. If we hadn't had such wreckless policies over the past 8 years, and the housing still manged to crash, we might have been in a much better place to be able to handle it.

And where are you getting the figure $1487 trillion? That number is wrong.
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