Bush DoD lost $8,700,000,000 in Iraqi oil revenue

[G_j]

http://www.dailykos.com/storyonly/2010/7/27/888020/-Bush-DoD-lost-$8,700,000,000-in-Iraqi-oil-revenue?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+dailykos%2Findex+%28Daily+Kos%29

Bush DoD lost $8,700,000,000 in Iraqi oil revenue
by Laurence Lewis

Tue Jul 27, 2010

Not that the Bush-Cheney war on Iraq was about stealing Iraqi oil assets or anything. It's only a coincidence.

The Defense Department is unable to properly account for $8.7 billion out of $9.1 billion in Iraqi oil revenue entrusted to it between 2004 and 2007, according to a newly released audit that underscores a pattern of poor record-keeping during the war.

Of that amount, the military failed to provide any records at all for $2.6 billion in purported reconstruction expenditure, says the report by the Special Inspector General for Iraq Reconstruction, which is responsible for monitoring U.S. spending in Iraq. The rest of the money was not properly deposited in special accounts as required under Treasury Department rules, making it difficult to trace how it was spent.

Though there is no apparent evidence of fraud, the improper accounting practices add to the pattern of mismanagement, reckless spending and, in some instances, corruption uncovered by the agency since 2004, when it was created to oversee the total of $53 billion in U.S. taxpayer money appropriated by Congress for the reconstruction effort.

No apparent evidence of fraud? Simple accounting errors?

First, let's look at those numbers in the proper context. With lots of zeros. $8,700,000,000. Out of $9,100,000,000. Missing. Gone. Poof.

..more..

[wtmusic]

1. It's not missing, it's in Paraguay

building the baddest-ass retirement home you could dream of.

[Mnemosyne]

2. +2,300,000,000,000 n/t

[w8liftinglady]

4. here's some info on that

http://elainemeinelsupkis.typepad.com/war_and_peace/2006/10/the_bushes_bush.html

http://www.scoop.co.nz/stories/HL0803/S00453.htm

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x2946491

[G_j]

3. --