Krugman: The "experts," Then vs. Now, on Iraq

[BurtWorm]

In his latest column (subscribers only):



http://select.nytimes.com/2006/07/17/opinion/17krugman.html?hp


“The greatest thing to come out of <invading Iraq> for the world economy ... would be $20 a barrel for oil.” Rupert Murdoch, chairman of News Corporation (which owns Fox News), February 2003

“Oil Touches Record $78 on Mideast Conflict.” Headline on www.foxnews.com, July 14, 2006

“The administration’s top budget official estimated today that the cost of a war with Iraq could be in the range of $50 billion to $60 billion,” saying that “earlier estimates of $100 billion to $200 billion in Iraq war costs by Lawrence B. Lindsey, Mr. Bush’s former chief economic adviser, were too high.” The New York Times, Dec. 31, 2002

“According to C.B.O.’s estimates, from the time U.S. forces invaded Iraq in March 2003, $290 billion has been allocated for activities in Iraq. ... Additional costs over the 2007-2016 period would total an estimated $202 billion under the first scenario, and $406 billion under the second one.” Congressional Budget Office, July 13, 2006

“Peacekeeping requirements in Iraq might be much lower than historical experience in the Balkans suggests. There’s been none of the record in Iraq of ethnic militias fighting one another that produced so much bloodshed and permanent scars in Bosnia.” Paul Wolfowitz, deputy secretary of defense and now president of the World Bank, Feb. 27, 2003

“West Baghdad is no stranger to bombings and killings, but in the past few days all restraint has vanished in an orgy of ‘ethnic cleansing.’ Shia gunmen are seeking to drive out the once-dominant Sunni minority and the Sunnis are forming neighborhood posses to retaliate. Mosques are being attacked. Scores of innocent civilians have been killed, their bodies left lying in the streets.” The Times of London, July 14, 2006

“Earlier this week, I traveled to Baghdad to visit the capital of a free and democratic Iraq.” President Bush, June 17, 2006


...