Where will Iraq fit in during the bailout?

McCain and Cheney are both visiting Iraq, highlighting their commitment to that black hole of spending. Bear Stearns has just had to be bailed out and sold and there are bad rumors everywhere about a few other overstretched, poorly managed Wall Street names including Lehman Brothers and Merrill Lynch. It’s obvious that a bailout/rescue/money pit is being geared up for those companies as well, possibly others. These are the financial institutions that were chugging along with major assets.

A bailout is not going to be cheap so where is the money going to come from? As a country, how can we afford Iraq, Wall Street bailouts plus the normal services that Americans want, need and deserve? It’s obvious taxes now have to go up thanks to Republican mismanagement of the economy but that’s only just the start.

An American in Paris, France. BA in History & Political Science from Ohio State. Provided consulting services to US software startups, launching new business overseas that have both IPO’d and sold to well-known global software companies. Currently launching a new cloud-based startup. Full bio here.

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