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Top Ten War Profiteers of 2004

You know it's bad when Halliburton is #7

In mid-July, U.S. officials admitted that fewer than 140 of the 2,300 reconstruction projects funded by the U.S. were underway. Although AID says “dirt has been turned” on 1,167 projects including schools and hospitals, with at least 70 new ones staring each week, it’s unlikely that the big picture has changed much. The kidnapping and execution of contract personnel and the ongoing sabotage of key projects—power plants, electricity lines and oil pipelines—has slowed work in many areas of the country to a crawl, jacking up the cost of security, insurance and other ancillary expenditures, which in most cases amount to half of the contractors’ budgets.

By August, Ambassador John Negroponte had to announce that more than $3 billion of $18 billion in U.S. aid earmarked by Congress for engineering and reconstruction work would be used for security and counterinsurgency operations.

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