War, what is it good for? Profiteering!

Old Blog Import

It seems the Betchel group — which got the contract for rebuilding Iraq

Last week Mr. Shultz’s Bechtel Group was able to demonstrate exactly what wars are good for. The Bush administration gave it the first big Iraqi reconstruction contract, a prized $680 million deal over 18 months that puts Bechtel in the driver’s seat for the long-term reconstruction of the country, which could cost $100 billion or more.

is responsible for huge costs overruns in Boston:

The Globe determined that at least $1.1 billion in construction cost overruns, or two-thirds of the cost growth to date, are tied to Bechtel mistakes.

In the Boston Globe.

Thanks to Tom Tomorrow for both of these links!