| (Free Markets) | Iraq has earned quite a tidy sum thanks to the high price of oil. This means they'll start paying for the war, right? Wrong. It's piling up in a vault in the Federal Reserve Bank of New York. We fell for it. Hook, line and sinker (freemarketnews.com) | 71 |
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| More: Asinine | ||||

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| marcpen
|
2008-02-01 02:04:05 PM |
| Rhino_man
|
2008-02-01 02:16:30 PM |
| ThatGuyGreg
|
2008-02-01 02:17:01 PM |
| Weaver95
|
2008-02-01 02:32:27 PM |
| Car_Ramrod | 2008-02-01 02:43:03 PM |
| Fraggler
|
2008-02-01 02:43:08 PM |

| Sliding Carp
|
2008-02-01 02:46:56 PM |
| IrateShadow
|
2008-02-01 02:49:32 PM |
| Cagey B
|
2008-02-01 03:15:18 PM |
| Because People in power are Stupid | 2008-02-01 03:53:40 PM |
| Lionel Mandrake
|
2008-02-01 04:03:51 PM |
| Hideously Gigantic Smurf | 2008-02-01 05:21:20 PM |
| BlorfMaster | 2008-02-01 05:22:08 PM |
| Wombatzu | 2008-02-01 05:25:41 PM |
| Aarontology
|
2008-02-01 05:26:22 PM |
| quatchi | 2008-02-01 05:36:03 PM |
| DrJesusPhD
|
2008-02-01 05:36:56 PM |
| fernt | 2008-02-01 05:39:00 PM |

| ifarkthereforiam | 2008-02-01 05:40:00 PM |
| DrJesusPhD
|
2008-02-01 05:40:08 PM |
| The Why Not Guy
|
2008-02-01 05:42:29 PM |
| Korovyov
|
2008-02-01 05:53:05 PM |
FTA:
Out of $10 billion budgeted for capital projects in 2007, only 4.4 percent had been spent
by August, according to official Iraqi figures reported this month by the U.S. Government
Accountability Office (GAO). The report cited unofficial figures saying about 24 percent
had been spent.
A government which has problems spending money? Impressive.
With luck, the more incompetent ministers and parliamentarians will be brutally purged, and the -next- government would realize that being openly corrupt, incompetent, sectarian do-nothings can have its downsides. It's probably better to be paranoid about their funding, rather than letting them continue to dump it into the war chests of the Badr Brigade and the Mehdi Army, or their personal accounts.
| Mr_Fabulous | 2008-02-01 05:53:16 PM |
| Migaloo | 2008-02-01 05:54:26 PM |
| mongbiohazard | 2008-02-01 06:02:10 PM |
| mrexcess
|
2008-02-01 06:07:46 PM |
| Magruda | 2008-02-01 06:10:55 PM |
| madmann
|
2008-02-01 06:15:03 PM |
| Guess_Who | 2008-02-01 06:17:12 PM |
| Korovyov
|
2008-02-01 06:17:12 PM |
mrexcess --
If corruption and incompetence annoyed me -- and they do -- I doubt I'd be working for the Feds. My liver wouldn't like it.
IMNSHO, Bremer (and whoever was advising or ordering him) helped FUBAR things rather significantly, and then the short-sighted Iraqi politicians escalated the FUBAR by embracing identity politics and revenge -- policies guaranteed to (a) expel a fairly large part of the professional classes from their professions, to be replaced on the grounds of patronage and (b) severely antagonizing a non-trivial portion of the population that was previously disproportionately organized, politically empowered, and armed. They do this in a country heavily dependent upon exporting vast volumes of a flammable liquid, where said liquid is concentrated in particular regions and where much of it requires highly vulnerable infrastructure to transport. And they also antagonize a nation whose military support is likely critical to their security operations, by pulling such stunts as going on vacation while said patron's government is debating what to do about them.
In short, it's not really clear that they've done anything -right-. What the Iraqi leaders have pulled doesn't look all that reasonable unless they're planning to flee into exile and subsequently relying on embezzled funds.
| Magruda | 2008-02-01 06:25:42 PM |
| palmtree | 2008-02-01 06:26:06 PM |
| PC LOAD LETTER
|
2008-02-01 06:40:24 PM |
| Hideously Gigantic Smurf | 2008-02-01 06:42:01 PM |
| Daneel Olivaw | 2008-02-01 06:42:55 PM |
| 014789 | 2008-02-01 06:45:18 PM |
| Hideously Gigantic Smurf | 2008-02-01 06:49:01 PM |
| Falcc | 2008-02-01 06:55:44 PM |
| Magruda | 2008-02-01 06:56:33 PM |
| 014789 | 2008-02-01 07:03:00 PM |
| Magruda | 2008-02-01 07:06:32 PM |
| burndtdan | 2008-02-01 07:14:04 PM |
| DoWhatNowToWhat | 2008-02-01 07:19:43 PM |
| burndtdan | 2008-02-01 07:22:15 PM |
| burndtdan | 2008-02-01 07:23:23 PM |
| Todd300 | 2008-02-01 07:23:26 PM |
| burndtdan | 2008-02-01 07:24:48 PM |
| dball2 | 2008-02-01 07:42:19 PM |
| Magruda | 2008-02-01 07:50:06 PM |
| Sultan Of Herf | 2008-02-01 08:01:02 PM |