Iraq is going to kill the economic recovery
- Thread starter PoundTheRock
- Start date
Well.. I am including Afghanistan and Iraq. It will be more close to $600-700billion a year.
--MIKE
Iraq is a black hole for money. Even if the first year had some economic stimulus to the US, it will diminish over time. What ever happened to rebuilding the northeast US power grid, probably no money for that. Its all been sent to Iraq!
The oil producers are really helping us out on energy prices too, since most Arab countries must really love us now. But its the coalition of the willing ( is that for this war or the last one?), the US and those 30 troops from Poland and the 50 from Honduras.
Those troops get paid even if they were sitting in my backyard( without the combat premium). And they are in Iraq so I hardly call that an economic stimulus. Most have families home that need food stamps and assistance so they are not pumping millions into the economy.
The oil producers are really helping us out on energy prices too, since most Arab countries must really love us now. But its the coalition of the willing ( is that for this war or the last one?), the US and those 30 troops from Poland and the 50 from Honduras.
Those troops get paid even if they were sitting in my backyard( without the combat premium). And they are in Iraq so I hardly call that an economic stimulus. Most have families home that need food stamps and assistance so they are not pumping millions into the economy.
Tip of the iceberg, waste of taxpayers money in Iraq, and to add insult to injury, no taxes to be paid on that "income". Any of that filters back to US??
1. As of October 19. 2003, Halliburton had imported 61,304,091 gallons of gasoline from Kuwait into Iraq. Halliburton has been paid $162,503,305 for this gasoline for an average price of $2.65 per gallon.
2. The $2.65 per gallon price is grossly excessive. ... estimated price to buy gasoline in the region 71 cents per gallon., and estimated transportation costs at 24 cents for about 96 cents.
3. The Iraqi oil company SOMO, is currently paying just 97 cents per gallon to import gasoline from Kuwait to Iraq. Even Halliburton has charged only $1.22 per gallon to import gasoline from Turkey into Iraq.
4. The gasoline imported from Kuwait is sold inside Iraq for just 4 to 15 cents per gallon
http://www.house.gov/reform/min/pdfs_108/pdf_inves/pdf_admin_halliburton_contract_oct_29_let.pdf
Or should we talk about that bridge repair contracts that the Iraqis bid 50 mill to repair, but got excluded. HAL got the award for over 400 million, then it turns around and subcontracts the deal to the Iraqis for the original 50 mill. Not bad courtecy of the US taxpayer. And these are the ones that surface here in the states......
War is the best business..
1. As of October 19. 2003, Halliburton had imported 61,304,091 gallons of gasoline from Kuwait into Iraq. Halliburton has been paid $162,503,305 for this gasoline for an average price of $2.65 per gallon.
2. The $2.65 per gallon price is grossly excessive. ... estimated price to buy gasoline in the region 71 cents per gallon., and estimated transportation costs at 24 cents for about 96 cents.
3. The Iraqi oil company SOMO, is currently paying just 97 cents per gallon to import gasoline from Kuwait to Iraq. Even Halliburton has charged only $1.22 per gallon to import gasoline from Turkey into Iraq.
4. The gasoline imported from Kuwait is sold inside Iraq for just 4 to 15 cents per gallon
http://www.house.gov/reform/min/pdfs_108/pdf_inves/pdf_admin_halliburton_contract_oct_29_let.pdf
Or should we talk about that bridge repair contracts that the Iraqis bid 50 mill to repair, but got excluded. HAL got the award for over 400 million, then it turns around and subcontracts the deal to the Iraqis for the original 50 mill. Not bad courtecy of the US taxpayer. And these are the ones that surface here in the states......
War is the best business..
That Halliburton can do this-and gain so much of the business over there - while thier recent CEO is VP of USA shows how cynical Americans have become.
They refund part of the money and go about thier business, all forgotten (they hope).
Our Pres. and his Adjutant, men who worked the system to avoid Vietnam like a welfare mother worked the system. And thier hitmen attack Kerry for throwing his medals over a wall in a symbolic gesture.
How many combat medals did Cheney and Bush throw away?
They refund part of the money and go about thier business, all forgotten (they hope).
Our Pres. and his Adjutant, men who worked the system to avoid Vietnam like a welfare mother worked the system. And thier hitmen attack Kerry for throwing his medals over a wall in a symbolic gesture.
How many combat medals did Cheney and Bush throw away?