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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: bentway who wrote (192676)	3/23/2009 3:22:28 PM
From: John Koligman	Read Replies (1) \| Respond to of 306849

He might actually be on ok guy. He made some big estimates on the cost of the Iraq war and the Bush administration got rid of him, kind of like they did with Shinseki. Regards, John "The Iraq controversy On September 15, 2002, in an interview with the Wall Street Journal, Lindsey estimated the high limit on the cost of the Bush administration's plan in 2002 of invasion and regime change in Iraq to be 1-2% of GNP, or about $100-$200 billion.[1] Mitch Daniels, Director of the Office of Management and Budget, subsequently discounted this estimate as "very, very high" and stated that the costs would be between $50-$60 billion.[2] This lower figure was endorsed by Defense Secretary Donald Rumsfeld[2] who called Lindsey's estimate "baloney".[3] As of 2007 the cost of the invasion and occupation of Iraq exceeded $400 billion, and the Congressional Budget Office in August 2007 estimated that appropriations would eventually reach $1 trillion or more.[4] On September 20, 2007, the Congressional Budget Office estimated the future annual costs of continuing occupation in Iraq to be between $25 and $30 billion.[5] Nobel Prize winning economist Joseph Stiglitz predicted in 2006 that the war would cost between $1-2 trillion.[6] In October 2007, the Congressional Budget Office estimated that by 2017, the total costs of the wars in Iraq and Afghanistan could reach $2.4 trillion. In response, Democratic Representative Allen Boyd criticized the administration for firing Lindsey, saying "They found him a job outside the administration."[7]