volinbham
VN GURU
- Joined
- Oct 21, 2004
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Bush was over the top with U.S. interventionism. Obama is over the top with the U.S. sucksism.
Honestly there has to be a middle ground between these two but avoiding criticism of Obama because Bush was bad just doesn't make sense to me.
Absolutely not. All of their contracts were Cost Plus +10-15%. Even if they only went for flat cost they still would have made money as they (as do most government contractors) far over-quote to task a billet or contract. Halliburton was a no-bid... but there is no way in the world that they were in the position to do that work and Betchel (current contractor working on the botched RIO contract) wasn't. No, Betchel didn't get a shot. The no-bid scenario between a company that, 3 years prior, had the current Vice President as it's Chairman and CEO is a little bit more than suspicious.
They were running a racket on the US taxpayers. Believe they're a "good hearted" company if you want... but they've profited on the Iraq War immensely.
Then why did that division lose money? why did they spin off a supposed billion $$$$ cash generator just a year later? why did that spin off practically go bankrupt? it's all in the filings. and betchel is absolutely not as qualified as HAL for that work. i'm not saying they are good hearted, but there is no conspiracy. HAL is THE technological leader in this stuff. no one else is even close. this would be like *****ing cisco got a router contract from the gov't because obama's brother worked for them.
so why hasn't HAL been charged with SEC fraud? their statements CLEARLY show they lost money on the contracts. billions even. AND once again they spun off the division which is not somethig people do when they have a "fat money" generator.
you've gone into tin foil hat territory.
So Bechtel, a far larger and more experienced engineering firm (largest in the US and one of the largest in the world) wasn't qualified 7 years ago for a contract (before they got a chance to pitch if they were qualified) and Halliburton was? Regardless of the fact that Bechtel now holds that contract which was awarded on competitive terms?i'm saying IN THIS CASE the best company was selected and hte only company QUALIFIED to do this type of work was selected. there are probably only 2 or 3 companies in the world who coudl even bid on such a contract. and i see no evidence haliburton overcharged. it's really friggin expensive to do this stuff in a warzone.
No they weren't. No one else had the combination HAL did. None. It's complete garbage.
Halliburton, the profitless war profiteer. - By Daniel Gross - Slate Magazine
they weren't incompetent, that is the guys interpretation. in reality they didn't factor that iraq would be so dangerous (not many did) and their security costs were billions higher than they expected.
i'll freely admit you now went over my head![]()