Remember Iraq?
The drop in violence has made the war an afterthought — and allowed McCain to claim we’re “winning.” Here’s why we’re not — and we can’t.
By Gary Kamiya
Sept. 30, 2008 | With Congress rejecting the $700 billion bailout package, the Dow falling 700 points and the U.S. economy on the edge of a cliff, no one is paying much attention to Iraq. Money talks, and incomprehensible and endless wars walk. From a purely financial perspective, that dismissive attitude makes no sense. The Iraq war has already cost almost $700 billion, and as Joseph Stiglitz and Linda J. Bilmes have argued, its total cost, factoring in huge back-end costs like disability payments, could end up exceeding $3 trillion. As Tom Engelhardt and Chalmers Johnson point out on TomDispatch, the money we’ve poured and are continuing to pour down the bottomless pit of Iraq, to the tune of $10 billion a month, could have bailed us out many times over.
But of course, the Iraq war is about a lot more than money. It’s about the 146,000 U.S. troops still stationed there, and their families. It’s about the stability of the Middle East, and our vital national interest in ensuring that it does not explode. It’s about the overall direction of our foreign policy. It’s about how America is perceived throughout the world. And it’s about the fate of Iraq itself, a nation that our invasion devastated and that we owe our best efforts to rebuild. [more]