The Greatest Theft in History

From a Los Angeles Times article:

Missing Iraq money may have been stolen, auditors say

After the U.S.-led invasion of Iraq in March 2003, the George W. Bush administration flooded the conquered country with so much cash to pay for reconstruction and other projects in the first year that a new unit of measurement was born.

Pentagon officials determined that one giant C-130 Hercules cargo plane could carry $2.4 billion in shrink-wrapped bricks of $100 bills. They sent an initial full planeload of cash, followed by 20 other flights to Iraq by May 2004 in a $12-billion haul that U.S. officials believe to be the biggest international cash airlift of all time.

This month, the Pentagon and the Iraqi government are finally closing the books on the program that handled all those Benjamins. But despite years of audits and investigations, U.S. Defense officials still cannot say what happened to $6.6 billion in cash — enough to run the Los Angeles Unified School District or the Chicago Public Schools for a year, among many other things.

For the first time, federal auditors are suggesting that some or all of the cash may have been stolen, not just mislaid in an accounting error. Stuart Bowen, special inspector general for Iraq reconstruction, an office created by Congress, said the missing $6.6 billion may be "the largest theft of funds in national history."

The mystery is a growing embarrassment to the Pentagon, and an irritant to Washington's relations with Baghdad. Iraqi officials are threatening to go to court to reclaim the money, which came from Iraqi oil sales, seized Iraqi assets and surplus funds from the United Nations' oil-for-food program.

There's more. Read the whole article.

This criminally negligent mishandling of $12 billion -- losing $6 billion -- was symptomatic of the incompetence of the Bush administration. Not only did they not plan the Iraq war -- an unnecessary and expensive war -- they pretended it could be done easily and "paid for" by Iraqi money. Well, the above article proves that is just another lie from the clique of Bush-Cheney-Rumsfeld.

The Bush administration was an unmitigated disaster for the American people. Sadly, something like 40% of the people in the US still have "good thoughts" about that idiot who led the US into disastrous foreign wars and set up the greated financial crisis since the Great Depression. He lied his way into office. He was a right wing ideologue that wasn't open to facts or reasoning. He was a disaster.