Top McCain fundraiser accused of ‘war profiteering.’
Top McCain fundraiser accused of ‘war profiteering.’
International Oil Trading Company, which ships oil into Iraq for use by U.S. forces, “appears to have engaged in a reprehensible form of war profiteering,” according to the House Oversight Committee. The company is run by Florida businessman Harry Sargeant, who has raised at least $500,000 for Sen. John McCain (R-AZ). From Rep. Henry Waxman’s (D-CA) letter to Defense Secretary Robert Gates:
[T]he prices IOTC has charged the government are not “fair and reasonable.” A “price negotiation memorandum” assessing the company’s June 2004 contract concluded that the price charged by IOTC, $2.10 per gallon of jet fuel, was at least 36 cents per gallon too high. … Of the $210 million in profits received by the company, at least one third — $70 million — appears to have benefited a single individual: Mr. Sargeant.
Waxman said the company offered the highest price of six bidders, but won the contract “because it was the only one with the blessing of the Jordanian royal family to deliver fuel over Jordanian land.” He added that if the oil contracts that went to Sargeant’s company had been awarded to the lowest bidders, taxpayers could have saved over $180 million.
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18 Responses to “Top McCain fundraiser accused of ‘war profiteering.’”
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"and at each depth, a lower deep" Dante.
October 16th, 2008 at 5:39 pmNo bottom to this pit, none at all. So much for the Majestic Mavericy Mavericerosity of McWorse.
Impeach Pelosi, Cheney and Bush and Save the Constitution!
Blessings of the Jordanian royal family?! WTF?!
October 16th, 2008 at 5:39 pmWar profiteers should be shot. They're nothing more than rich looters.
October 16th, 2008 at 5:44 pmVerbalKint Says: #3
Can we include Halliburton and KBR too?
October 16th, 2008 at 5:46 pmBut McCain hasn't even spoken to lobbyists - by his own admission in the debate.
Wonder if McCain is gonna give back a cool half mil.
And if he gives it back, will it also be refused by the conservative PACs (whitewashing the road to the White House ?)
October 16th, 2008 at 5:46 pmDear me! Why does John McCain hate America??
October 16th, 2008 at 5:47 pmSo, it is a fraudulent contract. Get the taxpayers' money back. What are we, invisible? Any government contract that is not negotiated in 100% good faith must be rescinded.
October 16th, 2008 at 5:49 pmTop McCain fundraiser accused of ‘war profiteering.’
Like Daryll!
October 16th, 2008 at 5:53 pmWhere is Harry Truman when you need him? Ol' "give'em hell Harry" considered war profiteering to be treason. Today's Republicans consider it to be business as usual.
October 16th, 2008 at 5:54 pmHey people, graft costs money you know!
October 16th, 2008 at 5:56 pmWasn't this the whole reason for the war in Iraq, so that Cheney, Bush, and all their cronies could loot the public coffers?
War Criminals, and War Profiteers are scum.
October 16th, 2008 at 5:57 pmHe added that if the oil contracts that went to Sargeant’s company had been awarded to the lowest bidders, taxpayers could have saved over $180 million.
- - Country First, but which?
October 16th, 2008 at 5:58 pmLet's revisit that popular catch-word: Associations.
Is this McCain's attempt to appear more Jeebus-like? After all, they both associated with liars, thieves, whores...
October 16th, 2008 at 6:03 pmBush III!
October 16th, 2008 at 6:32 pmI can hear keith olberman now hey john how much money is worth pallin around with a traitor $500,000???
October 16th, 2008 at 6:44 pmIn other news, water has been discovered to be wet.
October 16th, 2008 at 8:22 pmMcCain pals around with TRAITORS!!!
October 17th, 2008 at 12:13 amBedava Porno izle,
Ohh Thanks :)
March 31st, 2009 at 10:23 am