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March 19, 2008 at 12:19:35

Five Years of a Disastrous War and the Bills are Coming Due

by Dave Lindorff     Page 1 of 2 page(s)

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By Dave Lindorff

It’s appropriate that on this week of the fifth anniversary of the criminal US invasion of Iraq, we are also seeing several other things: the death toll of American troops in that doomed adventure is rising past 4000, the economy is sliding into a recession which could be deep and long, and the financial markets are teetering on the edge of a possibly historic collapse.



The conjunction of all of these dire things is no coincidence.

The war on Iraq was a predictable disaster from day one, when the administration tried to do it on the cheap, using less than half the manpower that Bush’s own generals said would be needed to control the country after the inevitable collapse of its government and military. But of course the US had to conduct this war on the cheap because the country was never really behind the war in the first place. It was a war that was "marketed" to us like a risky financial investment or a badly designed new car. The idea was to close the sale and get away from the deal as quickly as possible, leaving no office forwarding address.

The problem was that Iraqis, the victims of our attack, didn’t cooperate. They didn’t lie down and play dead. They decided to resist our effort to take over their country and run it like a retail gas station. So now the US has wasted over $500 billion in a country trying--and failing--to gain control over a country no bigger than a mid-sized state, battling against resistance forces armed with homemade bombs, obsolete grenade launchers and Vietnam-era AK-47 rifles.

But because the Bush/Cheney administration could never admit to Americans what this war would be costing, and has cost, all that money has been borrowed. As for the deaths and the tens of thousands of injuries, the government has hidden these, flying in the casualties in the dead of night and burying them quickly and as quietly as possible, while sticking the wounded in closed off VA hospitals and rehab centers, from which the press, for the most part, are barred (if they even bother to try and do a story).

That need to hide the truth means that the real cost of the war is running into the trillions of dollars, because of the interest on the debt, and because of the the future costs of providing for all those who are injured.

The war in Iraq has helped to bankrupt this country, which, to be honest, is the state we’re in when the US, year in and year out, is buying more than it is selling, leaving creditor nations like China, Japan and Saudi Arabia owning trillions of dollars in debt that cannot be repaid. It has also distorted the economy. By pushing up the price of oil to record levels of above $100/barrel, a result of uncertainty about supplies, plus the virtual removal of Iraq, the world’s second or third-largest oil-producing region, from the market, not to mention the jeopardizing of the entire oil supply through the Persian Gulf, which accounts for over 20 percent of the world’s oil, the Iraq War has thrown the US economy into a slump, while at the same time pushing up inflation.

In order to keep things going in the face of all this, the administration and the Federal Reserve for years have kept mortgage rates low and encouraged homeowners to borrow on their home equity in order to keep spending, and thus the whole system, afloat. That gambit has now run its course, with the housing bubble finally bursting.

It would seem that there is little left to keep the economy going.
The housing crisis has left the nation’s banks and investment banks holding trillions of dollars in assets that are actually worth only a fraction of their face value. So rickety is the system that over the weekend, as the Federal Reserve worked frantically to prevent the collapse of Bear Stearns, the nation’s fifth-largest investment bank, there was real fear of a total collapse of the finance system, ala 1929. Such a thing could still happen, when the next bank or investment bank comes a cropper.

Consumers, for their part, are spent out.

And the war continues apace, the bodies, and the bills, piling up.

President Bush is saying it was all worth it. Cheney, touring the Middle East while trying to drum up support for what would be a catastrophic and even more criminal attack on Iran, is saying that the “progress” in Iraq has been “phenomenal.” And John McCain, the addled, past-his-sell-date Republican candidate for president, is committed to continuing this madness for another century, even if he cannot remember who the US is fighting over there (he confused the so-called “Al-Qaeda in Iraq” group--all Sunni--with the Shia militias and had to be corrected by his travel buddy, Sen. Joe Lieberman).

It’s a somber anniversary. Five years of a war that never should have happened. A country destroyed. America on the ropes economically. A million Iraqi civilians dead. 4000 American soldiers killed and another 20,000 maimed.

At some point, the American people will finally say they’ve had enough of this madness, manipulation and malfeasance.

The question is what will be left of this place when they finally put a stop to it and bring the troops home to a jobless economy.

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http://www.thiscantbehappening.net

Dave Lindorff, a columnist for Counterpunch, is author of several recent books ("This Can't Be Happening! Resisting the Disintegration of American Democracy" and "Killing Time: An Investigation into the Death Penalty Case of Mumia Abu-Jamal"). His latest book, coauthored with Barbara Olshanshky, is "The Case for Impeachment: The Legal Argument for Removing President George W. Bush from Office (St. Martin's Press, May 2006). His writing is available at http://www.thiscantbehappening.net

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Richard Mynick is a US citizen who, despite the best efforts of the corporate media, noticed something disturbing about how the 2000 election was decided, & felt it augured poorly for democracy.
Richard MynickRichard Mynick is a US citizen who, despite the best efforts of the corporate media, noticed something disturbing about how the 2000 election was decided, & felt it augured poorly for democracy.

Re: "pitchforks and torches march on the White House" --

Actually, the whole quote was "We should really organize a pitchforks and torches march on the White House and Congress and run them out of town on rails, tarred and feathered..."

I believe this is absolutely necessary. It isn't enough to repair the damage that's been done, of course. But the implicit position of those still willing to support Democrats is that we should just avert our eyes from the ongoing financial, military, & moral disasters of the Bush administration (& their Dem Party collaborators in Congress); wait out the next 7 months praying that Bush won't attack Iran; and hope that Obama is elected. 

Since neither Dem candidate is saying anything about holding the Bush Gangsters accountable for their enormous crimes (in fact, neither even publicly acknowledges that enormous crimes have been committed), we are left with a "best case scenario" of Obama being elected, on a platform that's filled with pleasing words about of "unity" -- and devoid of any notion of accountability. // Obama of course has not said a single word about downsizing the military-industrial complex; nor has he acknowledged that the "war on terror" is a bogus concept. Nor has he committed to ending the Iraq occupation.

There are times when pitchforks and torches are really necessary. Thomas Jefferson understood this perfectly. If we really believed in our own Declaration of Independence, we'd recognize that this is one of those times.

by Richard Mynick (2 articles, 3 quicklinks, 1 diaries, 1162 comments) on Wednesday, March 19, 2008 at 1:55:01 PM
 


'The people are the only sure reliance for the preservation of our liberty.' Thomas Jefferson 1787
Munich'The people are the only sure reliance for the preservation of our liberty.' Thomas Jefferson 1787

Re: Five Years of a Disastrous War

Well said Dave.


As I was reading this "We should really organize a pitchforks and torches march on the White House and Congress and run them out of town on rails, tarred and feathered..." the song "America" by the 60's band Steppenwolf popped into my head.

America where are you now?
Don't you care about your sons and daughters?
Don't you know we need you now

 

Thomas Jefferson 
"The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants." 
  --  Thomas Jefferson

 

by Munich (0 articles, 64 quicklinks, 12 diaries, 808 comments) on Thursday, March 20, 2008 at 12:03:36 AM
 

 

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