They told us it would pay for itself. Once they got the oil up and running, the money would just pour out. Reconstruction was a done deal.
Of course, that was a line of bull and was proved to be a fallacy back in 2004:
Nine months after the fall of Baghdad, as insurgents target oil installations and Iraqis queue for fuel, the Bush administration has abandoned its pre-war assertions that Iraq’s natural resources would largely fund reconstruction.
While opinion polls still show a majority of Americans support the war, most do not think they should be paying so much for Iraq’s rebuilding.
Before the war, US officials engaged in a delicate balancing act. They sought to counter the pervasive belief in the Middle East and Europe that the war was all about oil, while vaguely telling the US taxpayer not to worry about the cost.
Behind the scenes, however, senior figures in the administration – including Donald Rumsfeld, defense secretary, Douglas Feith, in charge of Pentagon postwar planning, Vice-President Richard Cheney, as well as the CIA’s George Tenet – were being advised by former officials, experts and corporate bosses that the badly dilapidated Iraqi oil industry in no way represented a financial lifeline.
“With all the information available, it seems that those in charge chose not to know,” commented James Placke, a senior associate at Cambridge Energy Research Associates who took part in “Iraq: The Day After”, a report produced by the Council on Foreign Relations (CFR), a prestigious think-tank, shortly before the war. “Like other aspects of Iraq, those making policy believed what they wanted to believe about oil, without reference to the facts,” Mr Placke told the Financial Times.
Now, at the tail end of 2007, we find out this thing could cost us $1.6 trillion dollars. And that’s if we’re 100% out by the end of 2009.
That is some long cash.
The total economic impact of the wars in Iraq and Afghanistan is estimated at $1.6 trillion by 2009, a congressional committee said in a report released Tuesday.
That is nearly double the $804 billion in direct war costs the White House requested so far from Congress, the Democratic-led Joint Economic Committee said.
The committee estimated $1.3 trillion in war costs by the end of 2008 for Iraq, and the remainder for Afghanistan.
The total war costs could grow to $3.5 trillion by 2017, the committee estimated.
What’s the point of making money if you can’t enjoy spending it, I always say…
From: The Kid
Subject: Am I getting a deal ?
No wife, no kids. Shit I’m paying only… 1/4 x $20,900 = $5,225 A steal! I can spend the other 15675 on school loans to keep me outta iraq. Thanks G Dub!
You, me, and everyone else are getting fucked on that one.
Drink up. Only one more year of BushCo. to go.by