Penny Wise

The insurgency took root during the occupation’s first few months, when the Coalition Provisional Authority seemed oddly disengaged from the problems of postwar anarchy. But what was Paul Bremer III, the head of the C.P.A., focused on? According to a Washington Post reporter who shared a flight with him last June, “Bremer discussed the need to privatize government-run factories with such fervor that his voice cut through the din of the cargo hold.”

U.S. administrator L. Paul Bremer has issued a raft of edicts revising Iraq’s legal code and has appointed at least two dozen Iraqis to government jobs with multi-year terms in an attempt to promote his concepts of governance long after the planned handover of political authority on Wednesday.

If occupation chief Paul Bremer and his staff were capable of embarrassment, they might be a little sheepish about having spent only $3.2 billion of the $18.4 billion Congress allotted–the reason the reconstruction is so disastrously behind schedule. At first, Bremer said the money would be spent by the time Iraq was sovereign, but apparently someone had a better idea: Parcel it out over five years so Ambassador John Negroponte can use it as leverage. With $15 billion outstanding, how likely will Iraq’s politicians be to refuse US demands for military bases and economic “reforms”?

The US-controlled coalition in Baghdad is handing over power to an Iraqi government without having properly accounted for what it has done with some $20 billion of Iraq’s own money.

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