Robert Fisk's World: Bush rescues Wall Street but leaves his soldiers to die in Iraq

It was a weird week to be in the United States. On Tuesday, secretary of the treasury Henry Paulson told us that "this is all about the American taxpayer – that's all we care about". But when I flipped the page on my morning paper, I came across the latest gloomy statistic which Americans should care more about. "As of Wednesday evening, 4,162 US service members and 11 Defence Department civilians had been identified as having died in the Iraq war." By grotesque mischance, $700bn – the cost of George Bush's Wall Street rescue cash – is about the same figure as the same President has squandered on his preposterous war in Iraq, the war we have now apparently "won" thanks to the "surge" – for which, read "escalation" – in Baghdad. The fact that the fall in casualties coincides with the near-completion of the Shia ethnic cleansing of Sunni Muslims is not part of the story.

Indeed, a strange narrative is now being built into the daily history of America. First we won the war in Afghanistan by overthrowing the evil, terrorist-protecting misogynist Islamist crazies called the Taliban, setting up a democratic government under the exotically dressed Hamid Karzai. Then we rushed off to Iraq and overthrew the evil, terrorist-protecting, nuclear-weaponised, secular Baathist crazies under Saddam, setting up a democratic government under the pro-Iranian Shia Nouri al-Maliki. Mission accomplished. Then, after 250,000 Iraqi deaths – or half a million or a million, who cares? – we rushed back to Kabul and Kandahar to win the war all over again in Afghanistan. The conflict now embraces our old chums in Pakistan, the Saudi-financed, American-financed Interservices Intelligence Agency whose Taliban friends – now attacked by our brave troops inside Pakistani sovereign territory – again control half of Afghanistan.

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Without any discussion, Israeli and US officials held a three-day security-technology forum in Washington this month which coincided with an equally undebated decision by the dying Bush administration to give a further $330m in three separate arms deals for Israel, including 28,000 M72A7 66mm light anti-armour weapons and 1,000 GBU-9 small diameter bombs from Boeing. Twenty-five Lockheed Martin F-35 fighter jets are likely to be approved before the election. The Israeli-American talks were described as "the most senior bilateral high-technology dialogue ever between the two allies". Nothing to write home about, of course.