http://www.atimes.com/atimes/Middle_East/EJ24Ak02.htmlWhat will be paid to US-chosen contractors such as Halliburton and Bechtel - at a price set by these contractors themselves - will be paid out of this fund. Not only that, the fund will also be used by the US Export and Import Bank for extending credit to any US company that hopes to start business in Iraq or that wishes to buy any of the formerly Iraqi-owned corporations that will be sold off by the US as part of Iraq's massive privatization scheme.
The Iraqis will, therefore, be paying American corporations for rebuilding the bridges, the hospitals, the schools, the irrigation systems, the power grids and almost everything else which the US - as prodded on by these corporations - destroyed. They will also be paying US investors to take over the corporations that the Iraqi people previously collectively owned, but which will now be sold off without their authorization...
According to Washington lawyer Robert Kyle, the fund will be "subject to a less formal approach in their allocation than those from USAID
which used taxpayers' money."
By "less formal", the lawyer must have meant spending $6,000 for a mobile phone that normally costs $495 only per set, $33,000 for a pickup truck that normally costs half that, and $55,000 for a prison bed that usually costs only $14,000 - as current details provided in Bush's budget request for Iraq shows when compared with actual market prices of these items...