Iraq: Where has all the money gone?

Ed Harriman of the London Review of Books examines the flow of money into and out of Iraq since the US invasion. It’s a long tale of incompetency, malfeasance and greed. The Cliff Notes version: money was — and is — so mismanaged that in essence, US taxpayers (and Iraqi reconstruction money originally from the Oil for Food program) built and sustain the insurgency.

But don’t forget: Republicans are good with money.