small flightless bird

Wednesday, February 23, 2005

bush's uncle profiting off iraq contracts

Well, it looks like Halliburton wasn't the only contractor in Iraq with questionable ties to the Bush administration. William "Uncle Bucky" Bush (H.W.'s brother, W.'s uncle) joined the board of directors for Engineered Support Systems Inc. (ESSI) eight months before Dubya took office, and ESSI's profits have soared since the invasion of Iraq, due partly to millions of dollars of government contracts there. These war profits included a $48.8-million no-bid, sole-source contract to "refurbish military trailers".
"Last week, Defense Department officials disclosed that ESSI contracts issued in 2002 with a cumulative value of $158 million had been referred to the Pentagon inspector general's office for investigation. The contracts were supervised by a former Defense official who was sentenced to prison for improperly aiding another contractor, Boeing Co."
Link to LA Times article.