- May 1, 2012
- Reaction score
- Gulf of Mex 26.609, -82.220
October surprise? Bidens brother and crony capitalism
By: John Hayward
10/22/2012 01:55 PM
Print23Fox Business published a lengthy report Monday about Vice President Joe Bidens brother James, who is a partner at a firm called Hill International. A subsidiary of Hill International recently landed a contract to build 100,000 homes in Iraq. The company would seem to have few obvious qualifications to win this incredibly lucrative bid, which would generate $1.5 billion in revenues over the next three years, more than three times all the revenues Hill produced in 2011.
Pretty much everyone interviewed in the story mentions political connections as a major factor in securing this big-bucks contract, particularly James Bidens relationship with the Vice President. James Biden will get a minority partners cut of $735 million from the Iraq deal. Beyond the access to senior levels of government he affords, Biden doesnt have particularly impressive qualifications:
Also, the Obama campaign has made a big stink about how Mitt Romney conducted his private business matters, during his career with Bain Capital. Are billion-dollar contracts with the Vice Presidents brother the Democrats idea of a clean, fair system in which everyone plays by the same rules?
October surprise? Biden's brother and crony capitalism | Conservative News, Views & Books