IRAQ, KATRINA, AND WINDFALL PROFITS
Estimates as of yesterday were that the costs of repairing the damage of Katrina is around $26 billion. That number may rise, if it has not already.
Now compare the damage along the Gulf Coast with the damage caused by Bush's war in Iraq. Not only is the infrastructure of Iraq destroyed, but its political, social, and belief systems are either destroyed or damaged beyond repair. American deaths there now approach 2,000 and the number of permanently maimed Americans is measured in the 10s of thousands. Probably a hundred thousand Iraqis have been killed or maimed, many of these children.
To put the costs of this war into perspective, note that the costs to American taxpayers for the debacle in Iraq is in the $100s of billions. Just the recent additional budgeting of $84 billion is more than three times the total estimated cost to repair the damage of Katrina. Talk about destructiveness! Katrina is a petulant child compared to the monster war. Just think of the constructive acts we could accomplish if the money spent on killing and destroying in Iraq could be devoted to repairing the damage of Katrina.
WINDFALL ALERT
President Bush says he is going to release oil from the strategic reserves to help restore the loss brought by Katrina. That is a good idea. I just hope the watchdogs who have access to information about this release will look out for and report the windfall profits that are almost certain to accrue to the big oil companies from this release. They need to look out for the price the oil companies are charged for the released oil and the price at which they sell it back to the American people. Remember the oil was originally purchased by the government at prices much ower than they are now. Watch for the oil companies to obtain the oil at those lower prices, or worse still, at no cost, and then sell it to American consumers at today's wildly inflated prices.
