Tuesday, September 05, 2006

Blood Money: Wasted Billions

It was supposed to be quick and easy. The Bush Administration even promised that it wouldn't cost American taxpayers a thing-Iraqi oil revenues would pay for it all. But billions and billions of dollars (over $312 Billion to date), and thousands of lives (2,794), later, the Iraqi reconstruction is an undeniable failure. Iraq pumps out less oil now than it did under Saddam. At best, Iraqis average all of twelve hours a day of electricity. American soldiers lack body armor and adequate protection for their motor vehicles.

As Los Angeles Times journalist T. Christian Miller reveals in his book, Blood Money: Wasted Billions, Lost Lives, and Corporate Greed in Iraq, the Bush Administration has fatally undermined the war effort and our soldiers by handing out mountains of cash not to the best companies for the reconstruction effort, but to buddies, cronies, relatives and political hacks-some of whom have simply taken the money and run with it.

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