The "Oil-for-Food" Smokescreen - Money for Nothing: $9 Billion Dollars of Iraqi Money is Missing
Thursday, February 17, 2005 at 02:55AM
TheSpook
Are you familiar with the big shock
that neoconservatives have experienced over the financial scandal
arising out of the infamous “oil-for-food” program, which was the
subject of an investigative report recently issued by former Federal
Reserve Chairman Paul Volker? The oil-for-food program was the
government program established in 1995 by US officials and UN officials
to alleviate the horrific suffering of the Iraqi people arising out of
the brutal system of sanctions that the US government and the UN
imposed against the Iraqi people in 1991 and which lasted for more than
a decade. While the ostensible goal of the sanctions was to “disarm”
Saddam Hussein of the weapons of mass destruction that the United
States and other Western countries had furnished him during the 1980s,
the real reason for the sanctions was to oust Saddam from power and
replace his regime with one more palatable to the US government. As the
New York Times reported on May 21, 1991, “President Bush said today
that the United States would oppose the lifting of the worldwide ban
against trading with Iraq until President Saddam Hussein is forced out
of power in Baghdad.” After months of investigation, Volker has
concluded that the oil-for-food program was “riddled with political
favoritism and mismanagement,” which apparently has shocked and
outraged people within neoconservative circles. However,
there's an interesting oddity that has recently developed. It turns out
that after the US government ousted Saddam Hussein from power in the
recent invasion the US government
itself brought about the “disappearance” of some $9 billion in Iraqi
monies. Nine billion dollars! Tell me: How does anyone lose 9
billion dollars? Yet, for some odd reason, the neocons don’t seem as
shocked, outraged, and appalled over the disappearance of that money as
they are over Saddam Hussein’s “waste, fraud, and abuse” in the
oil-for-food scandal. [more]
U.S.
officials knew of problems in the U.N. oil-for-food program but were
concerned international support for Iraqi sanctions could crumble if
they insisted on stricter rules, a U.S. diplomat told the Senate on
Tuesday. [more]
Pictured above:The WEAK leading the Strong -- President Bush bestowed the Presidential Medal of Freedom in December on
three central figures of the Iraq war: from left, Gen. Tommy R. Franks,
who led the invasion; L. Paul Bremer III, who led the occupation; and
George J. Tenet, who as intelligence director built a case for war. Bremer is responsible for the missing $9 Billion [more]
Article originally appeared on (http://brownwatch.com/).
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