View Full Version : Iraq’s Economy Collapsing Under Pressure of Security Crisis

10-02-2014, 03:15 PM
One of the untold stories of the fighting in Iraq is the effect it is having upon the country’s economy. Almost two million internally displaced people, the loss of agricultural land in northern Iraq, foreign investors being scared off, the decline in trade, the collapse of several internal markets, and depleted financial reserves have all been reported in the press. This came on top of the fact that the 2014 budget was never passed due to ex-Premier Nouri al-Maliki’s disputes with his political rivals, which is crippling in a state run system like Iraq’s. All together this points to an economy in crisis.

continued (http://musingsoniraq.blogspot.com/2014/10/iraqs-economy-collapsing-under-pressure.html)

10-02-2014, 07:37 PM
Very sad !!.....all of us here knew this would happen !!! When Obama pulled all the troops out !!! and I blame Bush the most !! why didn't he get the SOFA done when he could have !!! ............... I'm thinking another 5 years now for the ISX to really pay off....and that is only if the US finishes this off right and puts a permanent base in Bagdad ... :(

c.o. jones
10-02-2014, 09:31 PM
Panetta unloads on White House over failure to leave US forces in Iraq

Published October 02, 2014
http://a57.foxnews.com/global.fncstatic.com/static/managed/img/Politics/876/493/panetta_nato_reuters_660.jpg?ve=1&tl=1 In this Feb. 22, 2013 photo, then U.S. Secretary of Defense Leon Panetta addresses a news conference during a NATO meeting at the Alliance headquarters in Brussels. (Reuters)

Former Defense Secretary Leon Panetta is lashing out at President Obama’s inner circle for failing to secure a 2011 deal to leave U.S. troops in Iraq, effectively accusing the White House of sabotaging the talks – in turn, opening the door for the region to become a haven for the Islamic State.

Panetta, who served as CIA director and then Defense secretary during those negotiations, aired his complaints in his forthcoming memoir, “Worthy Fights.” Excerpts on the Baghdad talks were published by Time (http://time.com/3453840/leon-panetta-iraqi-troop/).

In them, Panetta explained that Iraqi leaders privately wanted some U.S. forces to stay behind after the formal 2011 withdrawal, though they would not say so publicly. The former secretary, though, said the U.S. had “leverage” to strike a deal, and the Defense and State departments tried to do exactly that.

“But,” he wrote, “the President’s team at the White House pushed back, and the differences occasionally became heated. … and those on our side viewed the White House as so eager to rid itself of Iraq that it was willing to withdraw rather than lock in arrangements that would preserve our influence and interests.”

He said the negotiations with then-Prime Minister Nouri al-Maliki went down to the wire in December 2011, but the White House never stepped up.

“To my frustration, the White House coordinated the negotiations but never really led them,” Panetta charged. “Officials there seemed content to endorse an agreement if State and Defense could reach one, but without the President’s active advocacy, al-Maliki was allowed to slip away.”

The account from Panetta challenges the notion that the Obama administration would have left some troops behind – as U.S. military advisers wanted – if only the Iraqi government had been more willing to negotiate. While Panetta lays some blame at the feet of the Iraqis, he also argues that the White House never seized the chance at a deal.

Panetta claims that a residual troop presence like he and others had advocated could have made the difference.

“To this day, I believe that a small U.S. troop presence in Iraq could have effectively advised the Iraqi military on how to deal with al-Qaeda’s resurgence and the sectarian violence that has engulfed the country,” he wrote.

Panetta also warned that the rise of the Islamic State “greatly increases the risk that Iraq will become al-Qaeda’s next safe haven.”

Gen. John Campbell, commander of the International Security Assistance Force in Afghanistan, was asked Thursday about Panetta’s comments, but said “we absolutely left [the Iraqis] in the best possible condition militarily that we could.”

He put to onus on the Iraqi government.

“Things that were done by the government did not bring all the different factions in Iraq together was not something that … the U.S. military could have done or changed once we left there in 2011,” he said.

Asked again whether leaving a force in Iraq could have helped, he said: “I think any military guy is going to tell you if you could leave a force, you'd always leave a force.”


10-03-2014, 02:44 AM
The SOFA was totally George Bush's fault !!! Sorry But True !!.......after all he did why would he leave it up to Stupid Obama to complete it..??? WHY !!!

Screaming Eagle
10-04-2014, 02:56 PM
Maybe because his presidency was over at the end of 2008 and six years ago. Obama has been commander in chief for 6 years and the last US troops did not leave until Jan 2012. Obama had been president three yeas at that time.

10-04-2014, 03:24 PM
No that's not it !!! ...... Bush still should have had the SOFA done before he left !! There should have never been any doubt that we were going to keep a base there !! Poor Thinking ahead :) .... If we are going to be nation builders we have to get better at it !!
But yes Obama failed us too ! .... but we got what we asked for with him :( ...( I didn't vote for him ) ...

Screaming Eagle
10-04-2014, 06:27 PM
Bush signed a SOFA in 2008 extending it to Dec 2011. Not much more he could do considering a democrat congress and the probability of a new democrat president.

10-04-2014, 11:21 PM
Sorry, still think he could have done more !! JMO