Saturday, September 15, 2007

Bush backer banks on Iraq's failure

A Texas oil company whose CEO is a longtime confidant of President Bush with access to the most closely held US intelligence has entered into an agreement to explore for oil in Iraq's semi-autonomous Kurdistan region.

The agreement shows that Dallas-based Hunt Oil Co. and its chief executive Ray L. Hunt are "effectively betting against the survival of Iraq as a nation," argues New York Times columnist Paul Krugman.

Paul Krugman reported that Ray Hunt “is a close political ally of Mr. Bush.” He continued, “More than that, Mr. Hunt is a member of the president’s Foreign Intelligence Advisory Board, a key oversight body.”

Krugman went on to note, “By putting his money into a deal with the Kurds, despite Baghdad’s disapproval, he’s essentially betting that the Iraqi government—which hasn’t met a single one of the major benchmarks Mr. Bush laid out in January—won’t get its act together.”

IMO: Sounds par for the course for current US foreign policy. Bush's pals make loadsamoney, Iraqis will die. [someone said : In fairness to George Bush, the scenario is more like "There's a funeral, and George Bush and two cronies are asked to throw $100 each into a casket in accordance with the dead man’s last wishes, Bush throws in a $300 check and takes $200 as change"]

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