Cash Flow

May 24, 2008

Irony can sometimes be just the black residue of a lie.

Since Sept. 11, 2001, Decider George has spent US peoples’ money like there was literally no tomorrow.
And most of this cash flowed to the Middle East in pursuit of the perfect war.
Now the out-stretched hand comes beckoning.
This would be absolutely hilarious if people weren’t being killed every hour of every day:

  • A Tuesday fund-raiser headlined by President Bush for U.S. Sen. John McCain’s presidential campaign is being moved out of the Phoenix Convention Center.
    Sources familiar with the situation said the Bush-McCain event was not selling enough tickets to fill the Convention Center space, and that there were concerns about more anti-war protesters showing up outside the venue than attending the fund-raiser inside.

    — Mike Sunnucks, Phoenix Business Journal,, (5/23/08)

Jackboot John McCain’s campaign for president appears to be coming apart at the financial seams.
In this past week, he knocked two knuckle-headed preachers off his endorsement list, he’s got all kinds of problems with lobbyists, and now a sitting president can’t bring in the crowds or the money.

Of course, Jackboot John should know Decider George has an incredibly incompetent bunch of people working for him (and supposedly for US!).
This just yesterday:

  • WASHINGTON — The Pentagon cannot account for nearly 15 billion dollars in payments for goods and services in Iraq, according to an internal audit which members of Congress blasted Friday as a “shocking” accountability failure.
    Of 8.2 billion dollars in US taxpayer-funded defense contracts reviewed by the defense department’s inspector general, the Pentagon could not properly account for more than 7.7 billion dollars.
    The lack of accountability of the funds, intended for purchases of weapons, vehicles, construction equipment and security services, amounted to a 95 percent failure rate in basic accounting standards, according to the report.

    The Pentagon also was found to have given away another 1.8 billion in Iraqi assets “with absolutely no accountability,” said Congressman Henry Waxman, chairman of the House Committee on Oversight and Government Reform.
    “Investigators examined 53 payment vouchers and couldn’t find even one that adequately explained where the money went.”

    Agence France-Presse, (5/23/08)

The above is really not a ‘new’ news story:

  • Tractor trailers, tank recovery vehicles, crates of machine guns and rocket propelled grenades are just a sampling of more than $1 billion in unaccounted for military equipment and services provided to the Iraqi security forces, according to a new report issued today by the Pentagon Inspector General and obtained exclusively by the CBS News investigative unit. Auditors for the Inspector General reviewed equipment contracts totaling $643 million but could only find an audit trail for $83 million., (12/6/07)

And the big dust-off cash-flow:

  • The US flew nearly $12bn in shrink-wrapped $100 bills into Iraq, then distributed the cash with no proper control over who was receiving it and how it was being spent.
    The staggering scale of the biggest transfer of cash in the history of the Federal Reserve has been graphically laid bare by a US congressional committee.

    “One CPA official described an environment awash in $100 bills,” the memorandum says. “One contractor received a $2m payment in a duffel bag stuffed with shrink-wrapped bundles of currency. Auditors discovered that the key to a vault was kept in an unsecured backpack.
    “They also found that $774,300 in cash had been stolen from one division’s vault. Cash payments were made from the back of a pickup truck, and cash was stored in unguarded sacks in Iraqi ministry offices. One official was given $6.75m in cash, and was ordered to spend it in one week before the interim Iraqi government took control of Iraqi funds.”

    Bremer’s financial adviser, retired Admiral David Oliver, is even more direct. The memorandum quotes an interview with the BBC World Service. Asked what had happened to the $8.8bn he replied: “I have no idea. I can’t tell you whether or not the money went to the right things or didn’t – nor do I actually think it’s important.”
    Q: “But the fact is billions of dollars have disappeared without trace.”
    Oliver: “Of their money. Billions of dollars of their money, yeah I understand. I’m saying what difference does it make?”, (2/8/07)

Out of the mouth: Admiral Oliver displayed the very sense and soul of Decider George’s entire time in office and its moral philosophy — Who gives a shit?

According to, 4,080 US GIs have been killed in Iraq.
And yesterday, one soldier was killed southwest of Baghdad, and in another form of bitter irony, another soldier died yesterday in Chicago from injuries in a hit-and-run auto accident while on leave from Iraq.
In tune with several reporting sources, anywhere from 80,000 to 1.4 million Iraqi civilians have died since Decider George instigated the killings in 2003.

And the horror continues. Air strikes by the US in the tightly-packed Shiite slum of Sadr City the last few weeks has started to take its toll.
On Wednesday, at least eight people, including two children were killed. The US reportedly has bombed that section of south Baghdad into rubble.
CNN reported the increasing number of civilians dying from US gunfire does nothing to win hearts and minds, but the exact opposite as “anger against the Americans is only increasing.”

More than a cash flow problem? Huh, Jackboot John.

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