Sunday, September 11, 2005

Rebuilding is Rebuilding is Rebuilding, Right?

It might look as if the Bush administration is treating Iraq and the Gulf Coast (what the heck, they booth have gulfs and petrochemical value) as fungible. Kellogg Brown and Root (that's Halliburton, folks) and Bechtel, both of which secured huge contracts associated with the reconstruction of Iraq, are recipients of huge contracts related to the relief and rebuilding efforts in the Gulf Coast region.

Some might say that these companies receieved these contracts because they are in a better position to supply the needed services than many oftheir competitors, but what have we learned about Halliburton billing practices? You know, the billing practices that make Enron accounting look GAAP-compliant?

I hope I am worrying about nothing, but for some reason I just don't trust Cheney's former company beyond its first three letters.

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