Why Bush Should Veto The Iraq War Budget

It's time for the Democrats to show real leadership and not fill budget bills with pork (aka earmarks). Nor should they endorse White House efforts to re-write Iraq's oil economy into one the fits the Administration's idea of how oil should be managed.

A Sunni Member of Parliament has reportedly said that "the Iraqi government is facing American pressures to approve the Iraqi oil and gas law" and that the law "was shaped and written with the participation of foreign bodies."

I wrote about this last month, providing a timeline of the development of this US-centric bill. According to the Iraqi MP, the draft bill would give "50% of the Iraqi people’s oil wealth to foreign investing oil firms."

Demonstrating that she doesn't read the legislation she pushes, Speaker Pelosi reportedly "didn't see the bill as pressuring Iraq to privatize."

For more on the earmarks, see Sen. John McCain, OMB Watch