According to the Christian Science Monitor , the embassy is supposed to be one of the largest in the world and it is meant to symbolize America's long term commitment to Iraq. Sure, $592 million is peanuts compared to the nearly $1 trillion the Iraq War has cost so far, but it is a bad investment and a waste of money for many reasons. For one, the U.S. remains largely hated in Iraq despite whatever progress has been made lately. Such a grandiose symbol of the much-maligned America will only exacerbate and fuel the anger and anti-American sentiment that exists there. It is quite inconceivable that the Iraqis will warm up to the U.S. anytime soon. Secondly, building such an expensive structure in a country where suicide bombings are a daily occurance and their scale/destruction is massive is a waste of money. I would not be surprised if the new embassy is a subject of a major terrorist attack. To prevent a terrorist attack, the U.S. would have to spend lots of military resources ...