Tuesday, February 17, 2009

General Madoff

We have talked about the Bush II regime losing standard weapons, losing WMD, and now we are hearing of that regime "losing" lots of cash:
In what could turn out to be the greatest fraud in US history, American authorities have started to investigate the alleged role of senior military officers in the misuse of $125bn (£88bn) in a US -directed effort to reconstruct Iraq after the fall of Saddam Hussein. The exact sum missing may never be clear, but a report by the US Special Inspector General for Iraq Reconstruction (SIGIR) suggests it may exceed $50bn, making it an even bigger theft than Bernard Madoff's notorious Ponzi scheme.
(A 'fraud' bigger than Madoff, italics added). The Iraq war was initially touted by Bush II staff and cabinet as a money making war. It was, but not like they portrayed it. It made money for the warsters but hurt the economy. They are not satisfied with the largest expenditures, but are only satisfied with more?

We were informed that the Iraqi oil would pay for the Iraq war, that it would take 90 days, and that it would be sweet.

Sweet democracy in Iraq? Sour grapes in America!

1 comment:

  1. This article is a specific case but the military budget may be a ponzi scheme in substantial part according to this page and this page ... I mean where is the security in destroying the economy in order to save it?