Wednesday, February 07, 2007

Is this really the best government money can buy?

I don't generally buy the theory that politicians are one-dimensional beings whose sole reason for pursuing politics is self-enrichment. Frankly, if the Cheney administration were only after money we would all be a lot better off. Sadly, dangerously, the folks in the White House are motivated by ideas, the most dangerous things on the planet. Like some reconstituted Khmer Rouge, Cheney et al. are pursing grand ideas, and they are pursing them with extreme prejudice. (Of course, they will also profit handsomely from this calling, but hey, in their eyes they deserve the money.) Nonetheless, my prediliction for things being "over determined"--to mangle Freud--is being pushed to the limit with stories like this one, which was picked up by Talking Points Memo and originally reported by Reuters.

The Federal Reserve sent record payouts of more than $4 billion in cash to Baghdad on giant pallets aboard military planes shortly before the United States gave control back to Iraqis, lawmakers said Tuesday.

The money, which had been held by the United States, came from Iraqi oil exports, surplus dollars from the U.N.-run oil-for-food program and frozen assets belonging to the ousted Saddam Hussein regime.

Bills weighing a total of 363 tons were loaded onto military aircraft in the largest cash shipments ever made by the Federal Reserve, said Rep. Henry Waxman, chairman of the House Committee on Oversight and Government Reform.

"Who in their right mind would send 363 tons of cash into a war zone? But that's exactly what our government did," the California Democrat said during a hearing reviewing possible waste, fraud and abuse of funds in Iraq.

On December 12, 2003, $1.5 billion was shipped to Iraq, initially "the largest pay out of U.S. currency in Fed history," according to an e-mail cited by committee members.

It was followed by more than $2.4 billion on June 22, 2004, and $1.6 billion three days later. The CPA turned over sovereignty on June 30.

Cognescenti of Americana will recognize that Waxman is quoting Will Rogers who once asked, ""Who in their right mind would send 363 tons of cash into a war zone?" But my question is, for $4 billion can't we get a marionnette that works?!

1 comment:

Anonymous said...

You write very well.