Saturday, September 10, 2005
Estimates today for the costs related to Hurricane Katrina are in the $200 to $300 billion range. The US Congress has already earmarked $60 billion for relief. The administration and emergency system may have been slow to arrive for the victims, but the rebuilding contracts are ramping up nicely. Some of the recipients: Bechtel, Haliburton, Kellogg Brown and Root...
Isn't it wonderful that the administration has good friends in each of these companies? It will certainly make the recovery effort smoother. (As for Halliburton's $billion plus in 'questioned costs' in Iraq, well that's probably just their tip.)
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