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Politics : Stop the War! -- Ignore unavailable to you. Want to Upgrade?

To: Just_Observing who wrote (6341)	4/1/2003 10:34:14 PM
From: Techplayer	Respond to of 21614

"Ironic that Iraqi aid will be paid with Iraqi oil and money." As it should be and has been. They are an industrious people with tremendous wealth available to them. they need to be able to work and to reap the profits.

To: Just_Observing who wrote (6341)	4/2/2003 9:04:18 AM
From: Art Bechhoefer	Respond to of 21614

>>Iraqi aid will be paid with Iraqi oil and money<< That's known as "counterpart" funds in foreign aid terminology. The local government receiving aid puts up some of its own resources. Here the Iraqi oil revenues will be used by the U.S. military officer appointed to run the government to pay for the costs of rebuilding the infrastructure. This will be matched by U.S. taxpayer dollars to pay salaries of Americans and pay for dollar denominated contracts with American companies (i.e., political contributors) to perform the construction work. Materials will be paid for by oil. Salaries will be paid for by U.S. taxes. And note that the contracts being prepared now are for cost plus profit, rather than for the the lowest bidder. Without the need for competitive bidding. Big time crime always pays. Art