Imagine: for a few years you were investing the
money you had saved for your daughter's college education in one of those moderately
conservative plans that provided some increase in the value of the investment
without exposing it to major risks. But then your financial planner – let's
call him Ken P. – got in touch with you and came up with a really great
idea.
He heard through the grapevine on Wall Street that there was a grand company
in Texas – it was called Enron – that was for all practical purposes
a cash cow. His recommendation was to take out the money that was supposed to
get your daughter through Harvard and that was invested in that dead-end Fidelity
fund and put it all in Enron stocks. And since you trusted that guy, you ended
up following his advice – and let's just say that you are still trying
to figure out how to pay for your daughter's junior year.
Your financial planner did call you to apologize. "I'm so, so sorry. Really!
Really!" he said. "You have to understand that the conventional wisdom
on the Street at the time was that Enron was very big."
Indeed, major investment banks had forecast at the time a major rise in the
value of Enron, whose bosses were also close friends of a powerful political
family. Again, Ken P. pleaded for your forgiveness and expressed his hope that
you would continue to use his services.
Would you actually do that? I don't think so. But now instead of a financial
adviser, imagine a foreign policy expert who tells you in 2002 that you should
invade Iraq because Saddam Hussein had weapons of mass destruction (WMD) and
links to Osama bin Laden and the perpetrators or 9/11, and that the Iraqi people
would welcome you as their liberators. But it's 2005, and with no WMD, no Saddam
links to Osama, not to mention the more than 1,500 American casualties and the
prospects of a long quagmire in Mesopotamia, you would probably fire that expert.
Now let's imagine that there is such an expert and his name is Kenneth
Pollack. A former U.S. intelligence officer, he published in September 2002
a book with an ominous-sounding title, The
Threatening Storm: The Case for Invading Iraq.
Mr. Pollack, it should be emphasized, was a Democrat who worked on the Middle
East under President Bill Clinton and was well-regarded among the members of
the U.S. foreign policy establishment. In short, he wasn't a devout Bushie or
a neocon ideologue. And when he assured the readers of his book and op-ed columns
– and the many viewers of our talking-head television news shows –
that Saddam had WMD and links to al-Qaeda, and he called on the United States
to invade Iraq and topple Saddam Hussein, people around Washington listened.
If ideas do matter in determining policies, Mr. Pollack clearly made a difference
when it came to the decision to go to war against Iraq. Bill Keller, the editor
of the New York Times, admitted
that he had been opposed to the invasion of Iraq and then he read The Threatening
Storm and changed his view.
More importantly, some Democrat lawmakers on Capitol Hill who had been wavering
on the issue probably decided to give President George W. Bush a green light
to invade Iraq after listening to Mr. Clinton's respected aide. So it won't
be an exaggeration to argue that if a list were compiled of the 1,000 or so
individuals who are responsible for the mess America finds itself in Iraq these
days, Mr. Pollack would be on it.
But don't worry. Mr. Pollack has not fallen on his sword; he is not even looking
for work. After all, he did apologize for his pre-Iraq war role as a leading
wise man. Indeed, during a post-Iraq war TV appearance, he actually said that
he was "apologizing" for his mistakes and that he was "sorry."
He was "really, really sorry!" he told the television viewers in
a tongue-in-cheek sort of way. And you know, he explained, the conventional
wisdom among most "intelligence experts" at the time was that Saddam
had all those things. And weren't there MI6 and Mossad reports in 2002 that
made exactly the same point? So who can really blame him?
Apologies accepted, and so let's close The Threatening Storm chapter.
He is now a senior fellow at the Brookings Institution who continues to write
op-ed columns in the New York Times, make TV appearances, and testify
on Capitol Hill.
Mr. Pollack has just published another bestseller, The
Persian Puzzle: The Conflict Between Iran and America, in which he provides
Americans with recommendations on how to deal with Iran. This time he doesn't
call for invading that country.
Thank God for this and other small favors.
Reprinted from the Singapore
Business Times, reprinted with author's permission. Copyright © 2005
Singapore Press Holdings Ltd.