Thursday, June 08, 2006

The Case of the Missing $21 Billion

Who's Following the Iraq Money?
By DAVE LINDORFF

"...more than $9 billion that has gone missing without a trace in Iraq--as well as $12 billion in cash that the Pentagon flew into Iraq straight from Federal Reserve vaults via military transports..."

During the days of the Nixon Watergate scandal investigation, reporter Bob Woodword was famously advised by his mysterious source, Deep Throat, to "follow the money" as a way of cracking the story.

Well, there is a lot of money to follow in the current scandal that can be best described as the Bush/Cheney administration, and so far, nobody's doing it.

My bet for the place that needs the most following is the more than $9 billion that has gone missing without a trace in Iraq--as well as $12 billion in cash that the Pentagon flew into Iraq straight from Federal Reserve vaults via military transports, and for which there has been little or no accounting.

As word of massive corruption began to surface in 2003, Congress passed legislation creating an office of Inspector General, assuming that this new agency would monitor the spending on the occupation and reconstruction, and figure why all so much taxpayer money was disappearing, and why only minimal reconstruction was going on in destroyed Iraq, instead of a massive rebuilding program as intended. Bush named an old friend and supporter, Stuart Bowen, to the post--a move that should have put Congress on alert, given this administration's long history of putting cronies in positions of authority.

"One of the laws the president chose to ignore with a 'signing statement' was the one establishing the inspector general post for Iraq, saying that the new inspector general would have no authority to investigate any contracts or corruption issues involving the Pentagon."

Bowen simply never mentioned to anyone that, courtesy of an unconstitutional order from the president, he was not doing the job that Congress had intended.

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