Capt. Renault Award goes to WashPost

[markbark]

They are "shocked, shocked!" to find that Halliburton is making obscene piles o' cash with their Iraq contracts.

Quoth the story:

Halliburton's Deals Greater Than Thought

Halliburton, the company formerly headed by Vice President Cheney, has won contracts worth more than $1.7 billion under Operation Iraqi Freedom and stands to make hundreds of millions more dollars under a no-bid contract awarded by the U.S. Army Corps of Engineers, according to newly available documents.


The size and scope of the government contracts awarded to Halliburton in connection with the war in Iraq are significantly greater than was previously disclosed and demonstrate the U.S. military's increasing reliance on for-profit corporations to run its logistical operations. Independent experts estimate that as much as one-third of the monthly $3.9 billion cost of keeping U.S. troops in Iraq is going to independent contractors.


....read more


--MAB

[FlashHarry]

1. Beat me to it!

That was the first thing I thought of, too! ("Here are your winnings, sir.")

[markbark]

3. What REALLY gets me....

is that Halliburton is getting all these megabuck contracts
AND THEN PROVIDES SUCH SHITTY SERVICES :mad:
(soldiers with substandard living quarters, limited water supplies and eating MRE's for months on end)


-MAB

[diamond14]

2. is the same as bush* asking you to screen VP candidates, and

then, selecting yourself as the VP candidate ???? cheney seems to have this scam perfected on all levels...


-more snips from Washington Post article-

The practice of delegating a vast array of logistics operations to a single contractor dates to the aftermath of the 1991 Persian Gulf War and a study commissioned by Cheney, then defense secretary, on military outsourcing. The Pentagon chose Brown and Root to carry out the study and subsequently selected the company to implement its own plan. Cheney served as chief executive of Brown and Root's parent company, Halliburton, from 1995 to 2000, when he resigned to run for the vice presidency.

Brown and Root's revenue from Operation Iraqi Freedom is already rivaling its earnings from its contracts in the Balkans, and is a major factor in increasing the value of Halliburton shares by 50 percent over the past year, according to industry analysts. The company reported a net profit of $26 million in the second quarter of this year, in contrast to a $498 million loss in the same period last year.

http://www.washingtonpost.com/wp-dyn/articles/A56429-2003Aug27.html