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Politics : PRESIDENT GEORGE W. BUSH
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To: sandintoes who wrote (662882)11/28/2004 10:45:08 AM
From: DuckTapeSunroof  Read Replies (1) of 769670
 
"Now if you believe that, I have an oil well to sell you in Iraq..."

Sandy, you appear to be seriously deluded about the simple facts about how this 'oil for food' program worked.

1) Iraqi oil sales were embargoed.

2) The program was setup to allow Iraq to sell some of it's oil on the WORLD MARKETS (under UN supervision)... with the money earned supposedly to be used solely for the humanitarian needs of the Iraqi population.

Now sure, there was fraud and kick-backs under the program, and profits from the sales were diverted to the Dictator and others rather then all going to help the poor suffering citizens of Iraq... as was the purported intention. (I never doubted there would be fraud when they set it up.)

But it was IRAQ'S OIL (not your's or mine, not the UN's), and it was sold in the public oil markets so it DIDN'T COST THE AMERICAN TAXPAYERS ANYTHING (except, of course, whatever small fraction of our UN dues went to the administrative overhead of the program... and even there the administrative expenses were probably deducted from the sales to recoup the small expense of administration).

Even if not, oil is a HIGHLY FUNGIBLE COMMODITY. Selling it is not hard, not expensive, as there is a huge world market ready and willing to purchase it.
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