In this March 5, 2003 broadcast, two weeks before the invasion of Iraq, Yale economist William Nordhaus was ridiculed for predicting a war with Iraq might cost as much as $750 Billion in war costs, $2 Trillion to the economy overall, and create $75 a barrel oil with $3 a gallon gas.
And in all this, he still didn't count military rehab or increased domestic security costs, so even HIS estimate was low!
Today is 3/17/2008 and he was right. The war has cost over 2 trillion and the price of gas will send this country into recession. Now all those fools that thought otherwise should be publicly humiliated.