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EC 420 Diana Guzman Travis Logan Nathan Negrete Todd Nichter Current Politics • 57% of all Americans favor a withdrawal of troops from Iraq. • 61% believe that the recent increase had either no effect or made things even worse (Rasmussen Reports, 2007) Contracts in Iraq • 145,000 active troops on duty in Iraq • 126,000 or more privately paid personnel that are working alongside our military Greenhouse & Blackwater • Bunnatine Greenhouse calls attention to how a contract was handled. • Lack of competition • Unorganized contracts lead to misinterpretations. • Blackwater incident. Risks and Rewards Monopoly • • • • • 50,000 KBR employees in Iraq only 13,000 were American citizens KBR in 4 months spent $88 million for meals never served. $108 million on gas at inflated prices $1.8 billion on other unnecessary costs $11.84 billion dollars in services since 2002 Final Thoughts…