by David Stockman THE FIRST GULF WAR – A CATASTROPHIC ERROR Confronted with the greatest opportunity for global peace in nearly a century, George H. W. Bush did not hesitate: Upon the advice of his retainers, he immediately elected the path of war in the Persian Gulf. This endeavor was hatched by Henry Kissinger’s economically illiterate protégés at the National Security Council and Bush’s Texas oilman secretary of state, James Baker. They falsely claimed that the will-o’-the-wisp of “oil security” was at stake, and that 500,000 American troops needed to…
