We all know it. It wasn’t about WMDs. It wasn’t about 9/11. It wasn’t about stopping terrorists or bringing democracy to peoples hungering for freedom or ‘finishing the job’ Bush Sr. started in the way most meant it. All that was lying and rhetoric to hide the truth. It was about what the Bush family and financial friends understand most — oil, and how Saddam wasn’t playing by America’s rules anymore.

Alan Greenspan claims Iraq war was really for oil

AMERICA’s elder statesman of finance, Alan Greenspan, has shaken the White House by declaring that the prime motive for the war in Iraq was oil.

In his long-awaited memoir, to be published tomorrow, Greenspan, a Republican whose 18-year tenure as head of the US Federal Reserve was widely admired, will also deliver a stinging critique of President George W Bush’s economic policies.

However, it is his view on the motive for the 2003 Iraq invasion that is likely to provoke the most controversy. “I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil,” he says.

Greenspan, 81, is understood to believe that Saddam Hussein posed a threat to the security of oil supplies in the Middle East.

Britain and America have always insisted the war had nothing to do with oil. Bush said the aim was to disarm Iraq of weapons of mass destruction and end Saddam’s support for terrorism.

As an aside, here are some pre-war quotes by now ‘stay the course’ Republicans about going to war with Iraq.

Greenspan, hardly a liberal and not exactly a fan of Clinton while he was in office, now considers Clinton a “political hero” compared to what Bush & Co. have done to the economy since, turning Washington into a place where “[g]overnance has become dangerously dysfunctional.”



  1. Scott C says:

    If I am not mistaken, we get more oil from Canada than we do from the middle east… It’s more expensive to refine, but there is a huge amount of it within those tar sands, enough for our grandchildren’s grandchildren. Like another said, get ready for when we go to war with Iran.


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