Translation: George W. Bush won Iraq and the "surge" worked -- crap we will be hearing endlessly for the next six months!
"Report says Iraq government nearing $79b budget surplus; Windfall from oil puts focus on US cash to rebuild" by James Glanz, New York Times News Service | August 6, 2008
NEW YORK - The soaring price of oil will leave the Iraqi government with a cumulative budget surplus of as much as $79 billion by year's end, an American federal oversight agency has concluded in an analysis released yesterday.
The unspent windfall, which covers surpluses from oil sales from 2005 through 2008, appears likely to put an uncomfortable new focus on the approximately $48 billion in American taxpayer money devoted to rebuilding Iraq since the American-led invasion.
All for NOTHING!!
The country is in shambles, despite what the lying AmeriKan MSM says!!!!
$48 BILLION, Americans -- into the pockets of WAR LOOTERS!!!!
Overall, the report from the Government Accountability Office estimates, Iraqi oil revenue from 2005 through the end of this year will amount to at least $156 billion. And in an odd financial twist, a large amount of the surplus money is sitting in an American bank in New York - nearly $10 billion at the end of 2007, with more expected this year, when the accountability office estimates a skyrocketing surplus.
One finding that may raise questions all around is the enormous pileup of cash in the Federal Reserve Bank of New York, as well as several Iraqi banks, Alexander said. The money in New York is a legacy of a system set up to handle Iraqi oil revenue when the country had no capacity to do so on its own.
Translation: U.S. SANCTIONS DIDN'T ALLOW the Iraqis to handle their own affairs!!!
That horrible, horrible accounting makes it sound like the Iraqis were children who couldn't take care of themselves.
Nice racist Zio-prop, huh?
The rest of the article is U.S. politicians bashing the Iraqis for ripping America off!!!
--MORE--"
Excuse me, but I DON'T RECALL the IRAQIS ASKING for this invasion and occupation!!!!
Why should THEY PAY for what AMERIKA has DESTROYED?!?
Why should Iraqis have to PAY US for KILLING THEM and DESTROYING THEIR COUNTRY?!!
Does AmeriKan ARROGANCE know no bounds?!!!!!!
