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Tuesday, June 29, 2004
 
Could it really be this simple?
Interesting Krugman column today:
"...Mr. Fleischer told The Chicago Tribune that part of his job was educating Iraqi businessmen: "The only paradigm they know is cronyism. We are teaching them that there is an alternative system with built-in checks and built-in review."

Checks and review? Yesterday a leading British charity, Christian Aid, released a scathing report, "Fueling Suspicion," on the use of Iraqi oil revenue. It points out that the May 2003 U.N. resolution giving the C.P.A. the right to spend that revenue required the creation of an international oversight board, which would appoint an auditor to ensure that the funds were spent to benefit the Iraqi people.

Instead, the U.S. stalled, and the auditor didn't begin work until April 2004. Even then, according to an interim report, it faced "resistance from C.P.A. staff." And now, with the audit still unpublished, the C.P.A. has been dissolved..."
Was the war in Iraq just about stealing a few hundred billion dollars for the administration's cronies and supporters? $60 million, $100 million missing I could understand. Heck, Halliburton loses track of that much money on a routine basis and no one bats an eye.

But we are talking about $200 billion or so. Nobody seems to know where it went. You have to hand it to these guys--they don't think small.
 
Shouting into the closet to inform and entertain the 10 people who actually read this thing. In our new format as an online magazine, we take pride in our reporting and opinions. Please leave reader feedback on our online magazine message board so that we can better serve you.

“There’s a lot of money to pay for this that doesn’t have to be U.S. taxpayer money, and it starts with the assets of the Iraqi people…and on a rough recollection, the oil revenues of that country could bring between $50 and $100 billion over the course of the next two or three years…We’re dealing with a country that can really finance its own reconstruction, and relatively soon.” -Paul Wolfowitz

Cost of the War in Iraq
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