Bush's Iraq War Destroyed U.S. Economy

Down Goes the Economy

George W. Bush, with the fervent support of John McCain on 90% of his policies, has bankrupted the nation. An unnecessary war that was fought based on lies has brought down the U.S. economy. That is not just my opinion. It is the opinion of Joseph Stiglitz, who won the Nobel Prize and was president of the World Bank.

He has two simple messages:

1. The Iraq War will cost the US $3 TRILLION (minimum)

2. The war is one of the chief causes behind the destruction of the US (and the world's) banking system.

This interview was recorded back in April, long before the seriousness of the banking problems were apparent and long before the multi-trillion dollar bailouts.