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Tag: Profiteering

What Else Is New? Economy Slumps, Oil Profits Surge

Despite the massive federal stimulus package, national GDP only grew 1.9 percent from April to June, the Commerce Department has announced, and it actually shrank in the last quarter of 2007. Meanwhile, high gas prices, supposedly reflecting costs, spiked profits of oil companies, with Exxon recording its most profitable quarter ever. In fact, reports the NYT, “It was the highest quarterly profit ever for any American company, as Exxon made nearly $90,000 a minute.”

Posted on Jul 31, 2008 READ MORE


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Private Contractors ‘Mismanaged’ $23 Billion in Iraq

A BBC investigation on U.S. war profiteering estimates that $23 billion of taxpayer funds has been “lost, stolen, or not properly accounted for in Iraq.”

Posted on Jun 11, 2008 READ MORE


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‘Legal Stealing’

This is the four-minute highlight reel from “Iraq for Sale” that documentarian Robert Greenwald wanted to screen for Congress as part of his testimony. Republicans blocked him from doing so. If you haven’t been following the outrageous war profiteering going on in Iraq—like many of our elected officials—this is a must-see clip.

Posted on May 10, 2007 READ MORE


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