Tuesday, September 20, 2005
But these numbers don't include Haliburton's profit margin....
This morning, the Wall Street Journal’s Stephen Moore makes an interesting point:
When President Bush announced last Thursday that the feds would take a lead role in the reconstruction of New Orleans, he in effect established a new $200 billion federal line of credit. To put that $200 billion in perspective, we could give every one of the 500,000 families displaced by Katrina a check for $400,000, and they could each build a beach front home virtually anywhere in America.
To add some more perspective, we’ve already spent $200 billion on a war of choice on Iraq. Each month, we are spending an additional $8 billion in Iraq — enough to provide each family displaced by Katrina with $16,000.
Instead, we are making them live in old shipping containers.
