Interesting Newsday Article

[Rich]

Ok I know most Americans hate reading, but the fact is one of these days you're going to have to. Why not make that day today?

If only they could find a way to incorporate this stuff into a 30 minute reality show maybe more people would pay attention to reality.



Iraq Could Produce Another Enron
December 2, 2003

Scrounging up money for anything Iraq-related has been the Bush administration's most consistent economic policy. And it's been ridiculously easy ever since Congress blessed the first "emergency package" defense budget addendum in April.

Fast forward eight months, and the latest $87-billion injection that went predominantly into the Iraq black hole puts the total sum of "liberation and reconstruction" funds at more than a quarter- trillion dollars, roughly the combined annual revenue of IBM and General Electric.

But you wouldn't know that we were dealing with such enormous quantities from the glaring absence of consolidated financial reporting on Capitol Hill. In fact, an endless gush of money keeps streaming out of Washington faster than the White House seems to be keeping track of it.

Perhaps it's no surprise that complete financial statements on Iraq haven't been disclosed. After all, we're dealing with the same crew that hasn't indicted Enron's Ken Lay or WorldCom's Bernie Ebbers. But, by not producing comprehensive and transparent records, the Bush administration is shirking a major domestic and international oversight responsibility. As one UN senior insider said, "No country has ever had so much control over information and resources for reconstruction efforts in history."

Read the entire article: http://www.newsday.com/news/opinion/...,2924894.story



Is it any surprise that a guy who can't run a business to save his life is having trouble dealing with trillions of dollars? Maybe it's time to think about electing in to office someone who has at least mastered the English language.

[Paul Markham]

Do you honestly expect straight dealing, truth and honesty from this administration?

Niavity is a strange thing.

Want to bet that a lot of the trillion is going to companies with owners sitting in goverment.

[Rich]

Originally posted by charly
Do you honestly expect straight dealing, truth and honesty from this administration?

Niavity is a strange thing.

What's niave about hoping a nation will start thinking and not vote in this criminal again... ok it's a lost cause.

Originally posted by charly

Want to bet that a lot of the trillion is going to companies with owners sitting in goverment.

No. That's the point.