Throwing up our hands is not gonna solve anything. Given the President's refusal to give up control to ANYONE, I think Edwards is saying that we should AT LEAST try to cut down on the corruption.
He is not the only one asking for some US oversight either:
http://story.news.yahoo.com/news?tmpl=story&cid=68&ncid=68&e=2&u=/nyt/20031004/ts_nyt/questionsareraisedonawardingofcontractsiniraqIraqi officials and businessmen charge that millions of dollars in contracts are being awarded without competitive bidding, some of them to former cronies of Mr. Hussein's government.
"There is no transparency," said Mahmoud Othman, a Kurdish member of the Governing Council, "and something has to be done about it.
"There is mismanagement right and left, and I think we have to sit with Congress face to face to discuss this. A lot of American money is being wasted, I think. We are victims and the American taxpayers are victims."
A number of businessmen say they believe it is necessary to pay kickbacks to win contracts. A spokesman for one of the largest American corporations awarding subcontracts here, Bechtel, said his company had neither paid any kickbacks nor had been approached by Iraqis seeking to pay kickbacks. He said Bechtel made all of its contract information available on its Web site and at offices in Baghdad and Basra. A check of the Web site on Friday found no information, only a notice that the site was "under construction."
The lack of transparency and competition, Governing Council members said in interviews, may be encouraging corruption. They said they believed that many contracts had been inflated beyond the reasonable cost for the work, creating opportunities for kickbacks between prime contractors and subcontractors.
One council member, Naseer K. Chadirji, said: "As the Governing Council we are in a very weak legal position. We don't have the right to investigate these contracts."
He added, "I don't have the evidence, but I think there is corruption. This is a common grievance that people tell me."