Incompetence
As reported at TPM Cafe:
“Shortly before the war, when Administration economist Larry Lindsey suggested that the costs might range between $100 and $200 billion, Administration spokesmen quickly distanced themselves from those numbers,” points out Professor Stiglitz. “But in retrospect, it appears that Lindsey’s numbers represented agross underestimate of the actual costs.”
Will the general public remember this when the elections roll around? Can the Democrats please help them remember?
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