The accounting of the financial cost of the nearly decade-long Iraq War will go on for years, but a recent analysis has shed light on the companies that made money off the war by providing support services as the privatization of what were former U.S. military operations rose to unprecedented levels.
Private or publicly listed firms received at least $138 billion of U.S. taxpayer money for government contracts for services that included providing private security, building infrastructure and feeding the troops.
Ten contractors received 52 percent of the funds, according to an analysis by the Financial Times that was published Tuesday.
The No. 1 recipient?
Houston-based energy-focused engineering and construction firm KBR, Inc. (NYSE:KBR), which was spun off from its parent, oilfield services provider Halliburton Co. (NYSE:HAL), in 2007.
The company was given $39.5 billion in Iraq-related contracts over the past decade, with many of the deals given without any bidding from competing firms, such as a $568-million contract renewal in 2010 to provide housing, meals, water and bathroom services to soldiers, a deal that led to a Justice Department lawsuit over alleged kickbacks, as reported by Bloomberg.
Conservatives would argue that Cheney broke ties with Halliburton when he chose himself to be George W. Bush's VP, and before the start of the war, but that is actually false.
The truth is that Cheney received a payout of 34 million dollars when he left the company to become the Vice President, and I don't think it can simply be chalked up to a conspiracy theory that after only three years Cheney helped start a war, and provided no-bid contracts to his old company, as possibly part of a prearranged deal with his old company.
After all records show that there was talk of invading Iraq, WELL before the events of September 11, 2001.
To put it bluntly Dick Cheney is a traitor, and possible domestic terrorist, and his relationship with Halliburton seems riddled with corruption.
A thorough investigation of Dick Cheney, his ties to Halliburton, and how their association led to the start of a completely unnecessary, war is long overdue.