Thank you for the thoughtful reply marcamillion. The Iraq War subject definitely riles people and I try to stick to the facts.
First, with regards to The Economist's position on markets, they are humanists and they care about social welfare. I approve. Yet they still call for further deregulation and resist "populist" regulation to address very serious systemic faults exposed by the financial crisis. If you are going to be a capitalist you need fair market rules, and I see them as wavering in their commitment to that in practice by relying too much on economic theory that does not correspond to the facts on the ground. In particular the "rational markets" hypothesis and the idea that bankers' self interest is sufficient to prevent crisis in the markets.
With regards to the Iraq War, I do not and did not see it as ambiguous. Look at the number of false statements made by the Bush administration[1], the way that intelligence was reported to senior decision makers[2], and the flagrant propaganda regarding links between Al Qaeda and Saddam Hussein. Look at the inflated "45 minute" claim[3] and the use of intelligence from "Curveball"[4], a known fabricator. This is not an administration building a case for a necessary war. It's an administration that decided to go to war scraping together a justification. I definitely don't think it as simple as "we want oil". I do believe (but obviously cannot prove) that Dick Cheney cynically manipulated the intelligence to make a case for a war that he personally profited from through his business holdings in contractors such as Haliburton.
Finally, the Iraq War was very clearly a disaster as early as 2004. The Economist continued publishing leaders that said, essentially, "X and Y are horrible outcomes from the war, but if we just pursue strategy Z we can turn this around." They kept saying that for years and they were very much in the wrong. They have never come out and published a leader saying "we were wrong" or "we should have stopped supporting the war in 200X". Yet they published numerous leaders in the run up to the war. This asymmetry and inability to admit a mistake in hindsight is what I can't forgive.
1. http://articles.cnn.com/2008-01-23/politics/bush.iraq_1_inte...
2. http://www.newyorker.com/archive/2003/10/27/031027fa_fact
3. http://news.bbc.co.uk/2/hi/uk_news/politics/3466005.stm
4. http://en.wikipedia.org/wiki/Curveball_(informant)