Didn't see this coming...

A report compiled by the Iraqi Board of Supreme Audit has concluded that at least half, and probably more, of $1.27bn (£700m) of Iraqi money spent on military procurement has disappeared into a miasma of kickbacks and vanished middlemen - or else has been spent on useless equipment.

The report, leaked to the US news organisation Knight Ridder, comes as a blow to the credibility of the Iraqi army and its ability to contain the increasingly cogent insurgency.

According to the report, led by former human rights minister Abdel Baset al-Turki, the vanished money came solely from Iraqi funds, not from foreign donations to Iraq's military or the US-funded training budget.

The report focuses on an eight-month period after the transfer of sovereignty from the US-led occupation to caretaker Iraqi authorities on June 28 2004.

Funny...

In this White House pool report, we learn the limits of getting your information via the airways:

The president stopped to talk to the pool outside a one story school being repaired, just after 2 pm CDT. He made no news at the 28th Street Elementary School. Asked about Mike Brown resigning, he said he hadn't spoken to Chertoff or Brown, but will be on AF One. "Maybe you know something I don't know," he said of Brown.

Can we put that on the back of the "You're doing a heck of job" t-shirts?

What Froomkin says:

Is Bush the commanding, decisive, jovial president you've been hearing about for years in so much of the mainstream press?

Maybe not so much.

Judging from the blistering analyses in Time, Newsweek, and elsewhere these past few days, it turns out that Bush is in fact fidgety, cold and snappish in private. He yells at those who dare give him bad news and is therefore not surprisingly surrounded by an echo chamber of terrified sycophants. He is slow to comprehend concepts that don't emerge from his gut. He is uncomprehending of the speeches that he is given to read. And oh yes, one of his most significant legacies -- the immense post-Sept. 11 reorganization of the federal government which created the Homeland Security Department -- has failed a big test.

Maybe it's Bush's sinking poll numbers -- he is, after all, undeniably an unpopular president now. Maybe it's the way that the federal response to the flood has cut so deeply against Bush's most compelling claim to greatness: His resoluteness when it comes to protecting Americans.

But for whatever reason, critical observations and insights that for so long have been zealously guarded by mainstream journalists, and only doled out in teaspoons if at all, now seem to be flooding into the public sphere.

An emperor-has-no-clothes moment seems upon us.

Via
Kos