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Friday, April 11, 2003
It's official — Cheney's pimping is extremely effective. The New York Times reports on the
$7 billion no-bid contract to Halliburton:
WASHINGTON, April 10 — The Pentagon contract given without competition to a Halliburton subsidiary to fight oil well fires in Iraq is worth as much as $7 billion over two years, according to a letter from the Army Corps of Engineers that was released today.

The contract also allows Kellogg Brown & Root, the Halliburton subsidiary, to earn as much as 7 percent profit. That could amount to $490 million.

The corps released these new details in a letter to Representative Henry A. Waxman, Democrat of California and one of the two senior lawmakers who asked the General Accounting Office to investigate how the Bush administration is awarding contracts for the reconstruction of Iraq.

The reconstruction effort could cost up to $100 billion and become one of the most lucrative building programs in decades.
Link via Atrios.
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