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 Iraq’s $79-Billion WindfallPosted on Aug 5, 2008A congressional report has found that the Iraqi government will soon have a $79-billion surplus, thanks to the record price of oil. It’s a figure that will surely raise eyebrows as the U.S. shells out an additional $48 billion for reconstruction, but the situation, like all things involving billions and bombs, is a lot more complicated. For one thing, it’s a bit rude to shock and awe a country, funnel billions in reconstruction funds to corporate cronies that suck at reconstructing things, and then demand that those ingrates we’ve occupied start paying their share. But the unspent billions, some of which is gathering dust in New York, speaks to an arrangement that doesn’t seem to be working for anybody.
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Jump to Comments
By knute, August 6 at 9:02 am #
(Unregistered commenter)
These excess profits in Iraq are just fine according to our administration. They will continue to spend our nation’s wealth even though the Iraqi’s have this money. They are following the mantra of their economic guru Grover Norquist. Depleting the treasurey of America to reduce the goverment to a point it can’t bother the millionaires. The middle class and poor ? who cares. There are atleast two common denominators amongst most all card carrying members of what the republican party has become since Ronald Reagan. They go to church every sunday to clense away the weeks sins and a complete lack of empathy for all who need the help and protection of a goverment that cares about all its people. In other words the exact opposite of the teachings of the guy they go to church to pretend they follow. This is not a democracy anymore, hasn’t been for awhile....Its called a Plutocracy.
Report thisBy history repeats, August 6 at 5:14 am #
(Unregistered commenter)
how about we nationalize our oil?!?!? when are the people going to matter? the majority of the people in this country,if they were aware of all the facts, would revolt against these corporations with their comedy commercials to make them seem like there funny and nice. hey did anybody see the new exxonmobil commercial with the stereo-typical liberal talking about how exxonmobil cares about the enviornment? its so sad....we think we are sooo civilized because we have supermarkets but its amazing how many people are just trapped in the system.
Report thisBy hippy pam, August 6 at 4:33 am #
My Stand Has ALWAYS BEEN THAT AMERICANS SHOULD NOT BE THERE-SHOULD NOT HAVE GONE THERE-AND SHOULD LEAVE THERE NOW[since we DID INVADE THEM]-AND THAT “BULLSH*T” AND “CHAIN-ME” should be HELD ACCOUNTABLE-IN A LEGAL TRIAL for their LIES,MISDIRECTION and ANY OTHER CRIMES[real and/or imagined] COMMITTED BY THEM AND ANY OF THEIR CRONIES[i.e. condom-sleaza...rove...de-slay.....and so on and so on.....
Report thisBy BlueEagle, August 5 at 11:17 pm #
This article is a joke. The US occupies Iraq. For all intent and purpose, Iraq is part of the US. “Iraqi profits” are just US profits or monies that oil companies are profiting off Iraqi oil. “...large amounts of the surplus money is sitting in an American bank in New York.”
The oil companies and their security force, namely the US military, are never going to leave Iraq.
Report thisBy Dar, August 5 at 5:49 pm #
(Unregistered commenter)
hippy pam:
Sounds to me like THEY NO LONGER NEED AMERICAN ASSISTANCE[they only need our people to act as cannon fodder].........pull our troops out NOW!!LET THEM HANDLE THEIR OWN COUNTRIES PROBLEMS......
I think you missed the part in the article where it says:
----"For one thing, its a bit rude to shock and awe a country, funnel billions in reconstruction funds to corporate cronies that suck at reconstructing things, and then demand that those ingrates weve occupied start paying their share."----
They didn’t ask to be invaded and have their country ruined.
Report thisBy steven daniel, August 5 at 3:51 pm #
(Unregistered commenter)
Manson prosecutor Vincent Bugliosi is calling for the prosecution of Bush et alia for murder, noting that many lib.-progressive commentators point out how Bush defrauded the U.S. and Congress, then stop. (They don’t call for anything more than his removal from office.) But if Bush were to pay with either his life or liberty for what he did to the Iraqi people--30,000 to more than a 100,000 casualties (some even say, more than a million) would that be enough? To worry about the Iraqi gov. getting all these billions while our oil companies get off scot free is to miss the point. The only real justice- solution is for us to nationalize several or all of them. (It would solve our deficit problem.) If poor little Mexico could do this in 1938, why can’t we? It would certainly end their domination of a political debate that can’t get beyond $25 tire gauges
Report thisBy hippy pam, August 5 at 3:07 pm #
Sounds to me like THEY NO LONGER NEED AMERICAN ASSISTANCE[they only need our people to act as cannon fodder].........pull our troops out NOW!!LET THEM HANDLE THEIR OWN COUNTRIES PROBLEMS......
Report thisBy Fadel Abdallah, August 5 at 2:46 pm #
This report, if it’s true, will be used by opportunistic politicians with different agendas to further their claims and strategies one way or another. However, whichever way this report will be conceived and analyzed, it will continue to be a football in the game of booty distribution of the spoils of the Iraqi war!
Report thisBy Alan, August 5 at 2:01 pm #
(Unregistered commenter)
Definitely, make those Iraqis pay up. Not one
Report thispenny for tribute mind you, just 50 or so billions
paid to Bechtel and Blackwater and some other
contractors who will in turn send Bush’s billion or
so skim to him so he can buy a big rancho in
Paraguay. Bush in Asuncion: “Come on down!
Check out mi rancho. Look ma, I’m speakin’
Spanish.” Not seen since Cecile B. DeMille,
never an epic story so grand!
The Exodus of George Bush in Cinerama and
KleptoColor.