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Iraq-What did it cost- a look back with 8+ years hindsight.


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2011 Feb 17, 5:27pm   10,005 views  49 comments

by American in Japan   ➕follow (1)   💰tip   ignore  

It has been eight years now (as March 20), since the Iraq War began. What are the results now that some time has passed? Was it worth the loss of lives (not to mention a good bit of money with many estimates of $1,000,000,000,000 or more)? Who benefitted and who is worse off? Consider too, the deficit the US has now and how the money might have been otherwise spent. All views are welcome--especially with sources or people who have seen Iraq firsthand.

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29   RayAmerica   2011 Apr 10, 9:27am  

Vicente says

I searched up RayAmerica comments which start November 2009. If he did oppose Iraq war back in GWB days, it is not apparent.

Brilliant observation. If I began posting back in Nov. of 2009 and the Iraq War began in March of 2003 .... what exactly are you attempting to say? If you'd like some help on statements I made regarding the pullout of ALL troops from the Middle East as well as around the world, let me know ... I'm sure I'll be able to help you out. LOL

30   HousingWatcher   2011 Apr 10, 1:53pm  

The biggest beneficiaries of the Iraq war are:

1. Iran
2. Defense contractors

Remember, Iraq was a major enemy of Iran and served as a counter-balance. Iran is now 10 times more powerful than they were when Saddam was in power.

31   American in Japan   2011 Apr 10, 2:16pm  

I will agree that both major parties have let us down in this.

@bob2356

Thanks for the comment… were you living overseas, on an “extended stay” or just passing through?

@HousingWatcher

Sounds about right... anyone else. Halliburton made out big...just follow their stock price as the Iraq War became likely. before and after! Do you think the Iraqi people such as the Kurds are better off?

32   RayAmerica   2011 Apr 11, 2:17am  

American in Japan says

Halliburton made out big…just follow their stock price as the Iraq War became likely. before and after!

They continue to make out "big." Haliburton under Obama continues to enjoy all the benefits it had under Bush/Cheney. Another example of the Left turning a blind eye on all the corruption that this "agent of change" is involved in.

33   American in Japan   2011 Apr 12, 12:02pm  

http://www.atimes.com/atimes/Middle_East/MD13Ak01.html

Good reading.

There seem to be few supporting this war here on this post. I wonder if the support was just minimal early on from those on this sight, or if many are embarrassed to admit what that it was a waste (although on my other post many making comments were very honest).

For what it is worth:

http://en.wikipedia.org/wiki/Casualties_of_the_Iraq_War

34   American in Japan   2011 Jun 12, 11:18pm  

http://finance.yahoo.com/news/Iraqis-blast-US-congressmans-apf-2316811529.html

Get that $$$ money back from those unappreciative Iraqis!

I like this comment:

"I have to agree with the Iraqis' on this one! Why not get Mr. Bush, Mr. Cheney, Mr. Rumsfeld and Mr. Greenspan to pay for getting the USA in the Financial Mess we are in!!!

Those four gentlemen are sitting back in retirement enjoying life.

Water Boarding Rumsfeld, Mr. Bush AWOL from the Texas National Guard, Nine deferments from the Vietnam War Cheney, and last but not least--1 % Fed funds rate in the Greenspan era of "enhance the Iraq War!"
--Lee

35   MisdemeanorRebel   2011 Jun 13, 2:17am  

I thought the war was only going to cost $50B. :)

Q: Mr. Secretary, on Iraq, how much money do you think the Department of Defense would need to pay for a war with Iraq?

Rumsfeld: Well, the Office of Management and Budget, has come up come up with a number that's something under $50 billion for the cost. How much of that would be the U.S. burden, and how much would be other countries, is an open question. I think the way to put it into perspective is that the estimates as to what September 11th cost the United States of America ranges high up into the hundreds of billions of dollars. Now, another event in the United States that was like September 11th, and which cost thousands of lives, but one that involved a -- for example, a biological weapon, would be -- have a cost in human life, as well as in billions, hundreds of billions of dollars, that would be vastly greater.

http://www.defense.gov/transcripts/transcript.aspx?transcriptid=1322

Remember when the Bush Admin fired the guy who said it would cost about $100-200B when all was said and done?

The administration's top budget official estimated today that the cost of a war with Iraq could be in the range of $50 billion to $60 billion, a figure that is well below earlier estimates from White House officials.

In a telephone interview today, the official, Mitchell E. Daniels Jr., director of the Office of Management and Budget, also said there was likely to be a deficit in the fiscal 2004 budget, though he declined to specify how large it would be. The administration is scheduled to present its budget to Congress on Feb. 3.

Mr. Daniels would not provide specific costs for either a long or a short military campaign against Saddam Hussein. But he said that the administration was budgeting for both, and that earlier estimates of $100 billion to $200 billion in Iraq war costs by Lawrence B. Lindsey, Mr. Bush's former chief economic adviser, were too high.

http://www.nytimes.com/2002/12/31/us/threats-responses-cost-white-house-cuts-estimate-cost-war-with-iraq.html?ref=lawrenceblindsey

ha! If only that was true...

37   TechGromit   2011 Nov 30, 1:38am  

American in Japan says

What are the results now that some time has passed? Was it worth the loss of lives (not to mention a good bit of money with many estimates of $1,000,000,000,000 or more)? Who benefitted and who is worse off?

The War was to appease a madman's Ego. (George Bush) There were never any weapons of mass destruction, Saddam was fairly harmless after Iraq's defeat in the Kuwait War. Our government sucks on foreign policy. If Washington sent clear signals to Saddam that the United States would intervene if he invaded Kuwait, that war could have been avoided as well. With no troops in Saudi Arabia, Bin Laden probably wouldn't been enraged and September 11 may have never happened.

The end result? A much less stable region of the world, lower oil production, hundreds of thousands of civilian lives lost, the only real benefit was the United States got to try out all there latest weapons they been itching to test out on the battle field. Was it worth a trillion dollars, absolutely not. Who benefited? Defense contractors, any company that donated money to the Republican party, they all got generous contracts in Iraq. The Iraqi people are far worse off, sure they got rid of a ruthless dictator but they have less security. I say it better off having a police state then a pathetic government government that can't keep you safe when your going to the market to buy food.

38   Â¥   2011 Nov 30, 4:37am  

Tech, you're missing some details there.

The Kurds are no longer under Saddam's thumb and have control of their own national area now.

The Shias, same thing but they run the rest of Iraq.

Once the sanctions regime was removed Saddam was going to get Russian and French oil industry players back into Iraq's oil fields.

The war allowed US, UK, and Dutch multinationals to get involved in this too.

http://www.nytimes.com/2011/11/13/world/middleeast/iraq-criticizes-exxonmobil-on-kurdistan-oil-pursuits.html
http://www.nytimes.com/2011/06/17/business/energy-environment/17oil.html?pagewanted=all

Additionally, the war allowed us to keep Iraq more in the USD sphere and not lose that economy to the Euro sphere. If you were paying attention in 2003 the neocon triumphalists at AEI were a bit brazen at how well this neo-imperialism was going down:

http://www.theregister.co.uk/2003/03/27/iraqs_mobile_network_qualcomm/

Iraq in 2003 had a decade-plus of catching up to do economically, and the potential oil production to pay for it.

Aside from removing an implacable enemy of Israel, securing a new central ally in the mideast, there was also a business case for invading Iraq.

It was a beautiful hostile takeover in the truest sense, using other people's money to enrich one's friends and family, and also discredit Democratic obstructionism of the Republican foreign policy of foreign military adventurism.

And it might've worked if the warmongers knew what the fuck they were doing.

39   American in Japan   2011 Nov 30, 9:20pm  

@Troy (Bill)

So many Americans have told me it wasn't about oil! Lol!

40   TechGromit   2011 Nov 30, 10:17pm  

Bellingham Bill says

Tech, you're missing some details there.

So a trillion dollars to Kill Saddam, free the kurds and give American Oil companies access to Iraq oil fields. Not a good investment in my opinion.

Democracy in Iraq? Look at Egypt, Libya and Jordan, looks like it would have came anyway without our involvement.

41   TechGromit   2011 Nov 30, 10:40pm  

Tech, you're missing some details there.

So a trillion dollars to Kill Saddam, free the kurds and give American Oil companies access to Iraq oil fields. Not a good investment in my opinion.

Democracy in Iraq? Look at Egypt, Libya and Jordan, looks like it would have came anyway without our involvement.

As for our "Investment" to keep Iraq "more in the USD sphere and not lose that economy to the Euro sphere" is this strategy paying dividends? The total cost the war in Iraq and Afghanistan is estimated to be 3.7 trillion dollars. that's 3.7 borrowed dollars, the war will haunt us for years to come trying to pay off the debt.

Iraq is estimated to be able to produce 5 million barrels of oil a day, at $100 a barrel, that's 500 million dollars a day, or 182 billion a year. Assuming all of the income from from the oil was used to pay the war debt, it would take 20 years (without interest) to pay there war debt. With a 3% interest on a 30 year government bond, at 3.7 trillion dollars the payments would be 15.6 billion a month, or 187.2 billion dollars a year. The entire developed potential worth of Iraq oil at current oil prices can not even cover the payments on the cost of the war. (assuming our government can collect), that not including any money to the oil companies doing the infrastructure investments and pumping and transporting the oil to market.

The war was a lousy investment, we will be paying for this war for decades to come. We couldn't afford this war, it could very well be the straw that breaks America's back.

42   Huntington Moneyworth III, Esq   2011 Dec 1, 4:06am  

The Iraq Cripple Factory is closing and I will miss the constant influx of the freakishly limbless underclass to this great country. I like shout out to those legless Stumpies to "step it up, you slow bastards" as my limo drives by the veterans cripple hospital.

I'm not worried about a reduction in my daily dose of comedy though as the Persian Scheme is in full swing. Did you know some of these wretches shit into a bag on their stomach now? That's fucking hilarious!

43   American in Japan   2012 Feb 7, 8:11am  

A touch of irony, is that a high % of people who supported this costly intervention (at least for the first few years), are against some of the taxes needed to pay for it. Who was it that there should be an immediate war tax everytime the US goes to war...

44   American in Japan   2012 May 5, 5:07pm  

I wonder what percent of Americans at this point say that the Iraq War was a major waste ? (of lives /of money)

45   freak80   2012 May 7, 4:54am  

Our whole foreign policy has been a complete joke since the end of WW2. A cruel joke, but a joke nonetheless.

46   American in Japan   2012 May 15, 4:03pm  

I wonder who still feels that this Iraq War/Occupation was worth the cost. A breakdown by gender, income. etc.

I know Halliburton employees are delighted and feel it was well worth the cost (to American taxpayers).

47   HEY YOU   2012 Aug 15, 5:06pm  

I contacted both my Stupid Republican Senators several times & let them know that I was not in favor of military action in Iraq. They voted for military action.

The Bush & Republican Lie of WMD was a Lie then & is still a Lie today. Hindsight does not change the Lie. Many were stupid enough to believe the Lie. But everything is OK since we made so many friends.

48   American in Japan   2012 Aug 25, 8:21pm  

@Hey You

At least you made the effort.

"...everything is OK since we made so many friends."
Yeah, heaps and heaps.

On Patrick.net even the conservatives generally agree that this war was a disaster...

49   American in Japan   2012 Aug 26, 5:56pm  

Pinky explains it here:

http://www.youtube.com/embed/1Khut8xbXK8&feature=relmfu

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