The Companies that have Profited Most from the Iraq War »
Posted By nightcrawlerX 2 months, 3 weeks ago in Business & FinanceI've started reading this blog quite a bit since it seems to be one of the few places where the writer actually does a little research when he writes as opposed to just slapping 10 youtube clips together and calling it a post.
What interested me most about this article is that it covers the companies that are making the most money off of a war on terror. It focuses on the profit level of a long term international struggle.
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Comments So Far: 18
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libsRfunny2 months, 3 weeks ago
I always find it interesting to see lefties bashing legitimate business but never taking to task Diane Feinstein. The blog is quite lamely written and full of false assumptions.
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Example: The idiot said ExxonMObile has profited from the war through Iraqi oil.
ExxonMobile IS NOT IN IRAQ!!!.../
http://www.nytimes.com/2008/06/19/world/middleeast/19iraq.html
"BAGHDAD — Four Western oil companies [including ExxonMobile] are in the final stages of negotiations this month on contracts that will return them to Iraq, 36 years after losing their oil concession to nationalization as Saddam Hussein rose to power."
Now, where is Spadecaller? Just a couple days ago he and the rest of the lefties were up in arms over "false" info being posted. Here's a perfect example. The alleged "Last of Iraqis" blogger is another prime example.-
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Endoscopy2 months, 3 weeks ago
They only get up in arms over something going against the left. If it is a smear against the right that is OK.
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Grancher2 months, 3 weeks ago
I'm certain your assumption is wrong. It's quite absurd and you know it. The author made a point of talking about the circumvention of the normal bidding process for many contracts in Iraq, if there is no competition for contracts how exactly is the government saving money by hiring contractors?
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So you're not impressed, what do you think of the situation outlined? Do you think it's all a lie? Do you think war profiteering is a good thing? Do you think the US should murder everyone who is not a US citizen? In case you don't have an opinion to support your statement, I'll give you mine:
These companies are just taking advantage of the opportunities offered them. Perhaps they are doing terrible things that they should be held accountable for, but in a market economy there will always be companies willing to do whatever financial incentives dictate. The real responsibility lies with the people creating the incentives.
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Endoscopy2 months, 3 weeks ago
This is a hit piece from the left. The usual tactic used about big companies is to talk about the large sums of money that flow through them. Exxon Mobil is given as one of the villains this way. What was their profit this year? 8.4% if memory serves. That is a low profit margin. Their stock took a 3% hit because of that low profit. But the Democrats yell about "OBSCENE" profits. I didn't look into the other corporations but I noticed again they can only talk about the amount of money not % profit which is where the real story is.
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ViktorVaughn2 months, 3 weeks ago
why is it that right wing ****tards always see anything that doesn't fit their immediate point of view as either propaganda or some left wing conspiracy. I checked the exxon-mobil quarterly reports, this guy is pretty spot on, not to mention that since the war started oil has more then doubled in price.
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Endoscopy2 months, 3 weeks ago
What is the profit margins. A business can have tons of money flowing through it and that means only that they are big. What is their profit? Why is that fact left out of any piece by liberals. Did they lose money, break even or have a profit. If a profit how much over the normally accepted 10% are they?
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This is where the story is told and not amounts of money. Remember that a lot of any companies profit goes to 401K's.
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Endoscopy2 months, 3 weeks ago
Ignorance speaking. Bush and Cheney have done like most presidents and vice presidents have done for many years. They put their holdings into a blind trust until after they leave office.
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Haliburton - What other company would have been able to do what they were asked to do? Only one, Schlumberger and they don't operate in that area in a big way. Their main work is with the Oil companies.
Blackwater - Would not have needed them if Clinton had not cut our military to the bone.
Oil companies - Typical liberal blaming the price of oil on the oil companies. Exxon Mobile is such a giant threat they have the enormous amount of 3% of the worlds oil go through them. Of the three you put up Exxon is the biggest.
Get a life and look at what is really happening. We have a candidate of a party that opposes drilling, building refineries and building nuclear power plants. That brought our country to the price of oil mess. China and India are getting much larger use of it and the OPEC countries have decided to not increase the output of oil significantly. Elementary economics says that with increased demand and no increase in production the cost will go up. What is the Democrats party's solution? Put more air in our tires. Radical new sources of power. In other words pie in the sky.
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getreal12 months, 3 weeks ago
"War is money." I have heard this statement three times in my lifetime. When I was a little girl from my Dad, who fought in WWII. From a very close friend who was almost blown to bits in Vietnam and out of a corporate mouth whose name I won't mention. Their greed has made victims out of all of us.
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Endoscopy2 months, 3 weeks ago
Greed started WW2 all right. Hitler, Mussolini, and the Japanese war lords. They wanted to conquer the world. That is a very big greed. The Nazi and Japanese had a similar racial problem. Nazi with the Aryan super race and the Japanese with the superior attitude both believing that all others were beneath them. The end result was atrocities done to those who were considered inferior. The Nazis to the Jews and some others and the Japanese to the Chinese and prisoners of war.
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Not everything is greed. The Bible says that money is A root of all evil not the misquote that money is THE root of all evil.
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Tcaros2 months, 3 weeks ago
The crooked Bush-Cheney administration has destroyed lives in Iraq, damaged our laws and reputation, and drained the treasury.
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As you drive by a graveyard take a look and see if you can tell the rich from the poor. The rich, the poor, the good and the bad cannot take anything with them in the end. -
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Nowaylani2 months, 3 weeks ago
War is money. Anyone who thinks otherwise is just fooling themselves.
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PainGoddess2 months, 3 weeks ago
A lot of military jobs went to privatization. Most were clerical in nature but some were mechanical jobs and jobs performed by military personnel. In a way it is good because it frees up more people to fight the war (s) but you lose a professional component the existed before privatization. There is also the issues concerning security risks. Do we want a foreign country producing a warfighting aircraft? What happens when we have a fight with them? $$$$
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