MBA Bush misunderestimates war cost with 2,857%

[tocqueville]

Iraq, the mother of all budget busters
By David Isenberg

http://www.atimes.com/atimes/Middle_East/HA14Ak01.html

Conservative columnist Paul Craig Robert wrote after the latest estimate: "Americans need to ask themselves if the White House is in competent hands when a $70 billion war becomes a $2 trillion war. Bush sold his war by understating its cost by a factor of 28.57. Any financial officer anywhere in the world whose project was 2,857% over budget would instantly be fired for utter incompetence."

The latest study was done by US economist and Nobel Prize winner Joseph Stiglitz, who teaches at Columbia University, and Linda Bilmes of Harvard University

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besides :

So a civilian death is worth at least $5.4 million or about 11 times that of a serviceman or woman. The economic cost for civilian deaths also applies to private contractors. According to the study, the cost of the American soldiers who have already lost their lives adds up to about $12 billion.

It is reminiscent of the old military cliche, "Nothing is too good for our boys, so that's what we'll give them - nothing."

[tuvor]

1. $70 billion? bush's war was originally to cost only $1.7 billion

By the time it reached $70 billion, he was already over-budget by 4100%.

http://www.fas.org/sgp/temp/natsios042303.html

[HillDem]

2. I thought it would pay for itself

:sarcasm:

[Flabbergasted]

3. After the first few businesses Bush ran into the ground

We decided to give him charge of the largest economy in the world. To everyones complete shock things are not going well...

[leftofthedial]

4. he didn't underestimate

he lied

[Bozita]

5. I remember Bushco estimates of one or two billion dollars

Of course that was pre-pre-emptive strike.

Iraqi oil was gonna pay for the war our great-grandchildren will eventually pay for.

Gawd bless Bush. People this fucking stupid need a higher being to justify this insanity.