White House Smears Nobel Economist

dmegivern

3-4-2008 6:36 PM

247 views

see more clips

Pelosi's wake-up call

Embracing Humanity: Truth in a Tim...

Ohio Statehouse to Host Civil War ...

That is a new one on me.

The Only Woman to Earn the Congres...

Neocons and the truth: Bitter enem...

Oldies Only: Did you make History ...

clips by dmegivern

This Crumbling Empire

What is Asset Poverty?

Troubles At Work Disrupt Sleep

Embed This Clip In Your Site...

<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/8a0fce45-db6f-4379-886e-ea8e263ebb63/DF95ECFE-54DB-413E-94EB-D6188E8BE7A5/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://thinkprogress.org/2008/02/28/stiglitz-fratto/" href="http://thinkprogress.org/2008/02/28/stiglitz-fratto/" style="font-size: 11px;">thinkprogress.org</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://thinkprogress.org/2008/02/28/stiglitz-fratto/"><H2 class="title">White House Smears Nobel Economist: ‘Lacks Courage’ For Ignoring ‘Cost Of Failure’ In Iraq</H2></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://thinkprogress.org/2008/02/28/stiglitz-fratto/"><P><IMG class="imgright" alt="stiglitz333.gif" src="http://thinkprogress.org/wp-content/uploads/2008/02/stiglitz333.gif" />In a new book titled <A href="http://www.amazon.com/Three-Trillion-Dollar-War-Conflict/dp/0393067017">The Three Trillion Dollar War<IMG src="http://i.ixnp.com/images/v3.19.1/t.gif" class="snap_preview_icon" id="snap_com_shot_link_icon" /></A>, Nobel Prize-winning economist <A href="http://www2.gsb.columbia.edu/faculty/jstiglitz/">Joseph Stiglitz</A> and <A href="http://ksgfaculty.harvard.edu/linda_bilmes">Linda Bilmes</A> argue that President Bush massively understated the cost of the Iraq and Afghanistan wars. Combined with interest on debt, future borrowing, cost of continued military presence, and veterans health care, they estimate a potential cost of up to <A href="http://www.thenewstribune.com/news/nationworld/story/295437.html">$5 to $7 trillion</A>.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://thinkprogress.org/2008/02/28/stiglitz-fratto/"><div align="center"><img src="http://content9.clipmarks.com/blog_cache/thinkprogress.org/img/43E6BC18-4914-428C-861B-E8AC184B4FCC" alt="stiglitz333.gif" /></div></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://thinkprogress.org/2008/02/28/stiglitz-fratto/"><P>Unwilling to accept what Stiglitz calls a “<A href="http://www.theaustralian.news.com.au/story/0,25197,23286149-2703,00.html">very conservative</A>” $3 trillion projection, the White House is smearing Stiglitz — President Clinton’s <A href="http://query.nytimes.com/gst/fullpage.html?res=9F0DE3DD1438F93AA35751C0A962958260">top economic adviser</A> — saying he “<A href="http://www.mcclatchydc.com/homepage/story/28891.html">lacks courage</A>“:</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://thinkprogress.org/2008/02/28/stiglitz-fratto/"><P>In recent interviews, Stiglitz said Bush’s war accounting practices “<A href="http://www.bbc.co.uk/blogs/newsnight/2008/02/the_three_trillion_dollar_war_by_stiglitz_and_bilm_1.html">are so shoddy</A> that they would land any public firm before the Securities and Exchange Commission for engaging in deceptive practices.” “We had to use the Freedom of Information Act to uncover things that we <A href="http://www.telegraph.co.uk/money/main.jhtml?view=DETAILS&grid=&xml=/money/2008/02/26/bcnstiglitz1.xml">never would have known</A>,” he said.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/DF95ECFE-54DB-413E-94EB-D6188E8BE7A5/blog/" title="blog or email this clip"><img src="http://content6.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

tags: