Winning the War
Who says the Iraq war is a tragedy? Who says the War in Iraq is not being won? To the contrary!!! The war is a tremendous success and far being from a tragedy, it is a joyful occasion and it is in fact being won... By Bechtel--the contract guru of the Wild Wild Middle East.
"For the year 2004, Bechtel brought in more than $17.4 billion, a record haul for the company. That makes two record years in a row. Last year Bechtel earned more than $17 billion for the first time. Both records were all the more impressive given the senescent condition of the economy.
Much of that robust income stream is coming from its operations in Iraq, where Bechtel is the king of contractors. A few days after the war began, the US Agency for International Development handed Bechtel a $680 million contract for the reconstruction of Iraq infrastructure, a by-invitation-only deal awarded in a secret process. That number has been jacked up twice and now totals more than $1.8 billion and may eventually reach as much as $50 billion.
Under the terms of the deal, Bechtel got $515 million to rebuild Iraq's power generating stations; $33 million for rebuilding roads and railroads; $44 million to dredge the seaport at Umm Qasr; $45 million to rehab the Iraqi telephone network, covering 240,000 phone lines; $52 million for repair of the Baghdad airport; $208 million to rebuild sewage and water treatment plants; and $53 million for the reconstruction of Iraqi schools."
CounterPunch: "America's Best Political Newsletter"
"For the year 2004, Bechtel brought in more than $17.4 billion, a record haul for the company. That makes two record years in a row. Last year Bechtel earned more than $17 billion for the first time. Both records were all the more impressive given the senescent condition of the economy.
Much of that robust income stream is coming from its operations in Iraq, where Bechtel is the king of contractors. A few days after the war began, the US Agency for International Development handed Bechtel a $680 million contract for the reconstruction of Iraq infrastructure, a by-invitation-only deal awarded in a secret process. That number has been jacked up twice and now totals more than $1.8 billion and may eventually reach as much as $50 billion.
Under the terms of the deal, Bechtel got $515 million to rebuild Iraq's power generating stations; $33 million for rebuilding roads and railroads; $44 million to dredge the seaport at Umm Qasr; $45 million to rehab the Iraqi telephone network, covering 240,000 phone lines; $52 million for repair of the Baghdad airport; $208 million to rebuild sewage and water treatment plants; and $53 million for the reconstruction of Iraqi schools."
CounterPunch: "America's Best Political Newsletter"
posted by NBT at 14:29
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