Truth is, we still have an oil embargo slapped on Iraq that most of the world's nations oppose. Iraq is allowed to sell a very limited amount of oil every year, with the funds distributed under the U.N. "oil-for-food" program. The oil money that Bush seems to have a problem with is absolutely essential for Iraq to feed its people.
On October 6th, 1998, Denis Halliday, the United Nations coordinator of the oil for food program in Iraq, denounced the ongoing trade sanctions as violating the UN charter and UN conventions on human rights and killing 5,000 to 6,000 Iraqi children every month due to hunger, the breakdown of water and sanitation, inadequate diet, lack of proper medicine, etc. "There is an awful incompatibility here, which I can't quite deal with myself. I just note that I feel extremely uncomfortable flying the UN flag, being part of the UN system here." ... "It is unnecessary and unacceptable to allow this human tragedy to continue."
The U.S. government have taken an Arabic country that was previously quite modern, and reduced it to abject poverty, thereby increasing the pull that Islamic fundamentalism has on the Iraqi people.
... and still, every time a U.S. president has a problem, they drag out Iraq and flog it like an old mule. Why?! Because they're a threat?! No... because it's a popular thing to do that obscures the real issue in the Middle East... the fact that the U.S. is supporting Israel, politically, militarily, and economically... and is attempting to facilitate an Israeli landgrab of Palestinian territory, in direct violation of numerous UN and international treaties the U.S. has been a party to, including UN treaties on human rights. Read this article for details...
The U.S. is essentially using its role as the world's most powerful country to try to force the Palestinians into signing away the majority of the lands granted to them by UN Resolution 181. Go ahead. Read it for yourself. Part II of the document clearly states the boundaries for an Arab state... unfortunately, much of that is now Israeli land. We dare to call the Palestinians terrorists, when we have armed their enemies with the most advanced weapons in the world, denying them all means of fighting a conventional war. We are even developing a Star Wars program so that we can protect our allies (especially Israel) from the possibility of a missile attack.
It's bad enough when you use the UN to make treaties giving one person's land to another person... it's worse still when you don't even honor those treaties and try taking even more land. It reminds me of the treaties that the U.S. used to make with the Indians... except that we are treating the rest of the world like they were the Indians. History has shown us what a tragedy the treaties we made with the Indians were. In retrospect, what we are doing now to the Palestinians will look every bit as tragic and awful. We are killing babies and commiting cultural genocide. Our silence signifies our complicity in this murder.