Iraq Signs Billion-Dollar Power Deals With GE, Siemens

Reuters:

Iraq has signed preliminary deals worth billions of dollars with General Electric Co and Siemens for equipment to almost double electricity generation capacity, an energy official said on Saturday.

The deals with GE, Siemens and a third company would be worth a total of $7 billion to $8 billion, Iraq's Electricity Minister Karim Waheed told Reuters.

Read the whole story: Reuters

Comments

[darker]

GOOD JOB, WAR PROFITEERS!
It ONLY COST about 4,000 US Troops LIVES and 1,000,000 Iraqis.

No more years of republican shenanigans and hoodwinking the public.

I CAN'T AFFORD REPUBLICANS any more.
Republicans don't know how to govern and THEY'RE TOO EXPENSIVE.

[CC2008]

Now can we say; Mission Accomplish" we won? Or are there many more contracts pending?

The Republicans have been "strong on defense" of Whom/,What?, Where???

Bush put Americans in Debt to the Chinese. Will the Corporations buy that debt?

Americans are caught in a web of lies and deception. We have been BUSHWACKED!
Bush has recently promised Billions to other countries. He will retire in luxury while Americans sit in a prison of debt.

[indyleftist]

So NBC is finally going to get paid off for all the propaganda they did

[robeson]

What actually took place was a money transfer from the U.S. Treasury to these companies. Iraq just laundered the money.

[Pdubya]

yep.

[CharlotteNH]

All this debate about whether the surge worked or not.

Yes, it worked in the same way that a domestic dispute would calm if armed police were present.

Does anyone really think that when we leave the Iraqi people will forget hundreds of years of history and settle all their differences in peace. All we are doing is delaying the inevitable at a cost of thousands of American lives and quite possibly 100,000 or more Iraqi lives. Not to mention the huge cost that has crippled the American economy.

Now we learn that Iraq has a $97 billion surplus. How stupid are we?

[darker]

It's not "surge". It's ABOUT THE SPLURGE.
Republicans BLEW our middle class tax money into pockets of corrupt corporations for years
so their "corporate nanny state for the rich" can make EVEN BIGGER BUCKS on OUR BILL.

No more years of republican shenanigans and hoodwinking the public.

I CAN'T AFFORD REPUBLICANS any more.
Republicans don't know how to govern and THEY'RE TOO EXPENSIVE.

[vigilantwarrior]

military-corporate-financial-intelligence-media complex wins again

http://michaelfury.wordpress.com/

[gorgol]

Oh so what...a few thousand soldiers dead...over 40,000 maimed physically and mentally...and the skyrocketing soldier suicides...and lets not forget all the Iraqis dead,maimed...,men.children, women...old folks....and of course...ONE TRILLION DOLLARS down the Iraqi drain........now, lets forget all that..and remember our Presidents prophetic words..when we read about these contracts...

MISSION ACCOMPLISHED.

[Chicago48]

this was the reason for the War. Saddam wouldn't do business with the U.S. and he was about to change his currency to Euros vs. the Dollar.

[DualCitizenNLUSA]

Siemens is German, Shell is Dutch.

[gorgol]

But the lobbyist pay off money is all the same color...GREEN...and they both have sub company headquarters in the United States...

[WolfLarsen]

Now this is what the surge is all about. Providing the kind of climate that U.S. corporations can flourish in. The problem is we have seen this movie before. Come on John think back to the Shah of Iran and how he sold out to foreign corporations. He ran that country with an iron fist but in the end it wasn't enough. There was a populist uprising which led to the hostage crisis and the emergence of a rogue theocracy that we still have to deal with to this day.

These rapacious corporations only care about politics where it concerns commerce. They don't care about human rights, wealth distribution or resource protection. They are all about getting as much as they can and as fast as they can.

They understand the volatility of the region and the need for haste but the problem is the populace eventually catch on. Then all hell breaks loose and you have another rogue state to deal with and a generational distrust of America.

But the rich get richer and that's all that really matters anyway.

[watchingthings]

That means they are startimg off on the wrong foot. I don't think the Iraqi people will stand for it when they find out that their natural resorces have been sold from under them. A "thief in the night" deal by a crooked regime.

[ErnestineBass]

Funding to be provided by the World Bank.

Surprise, surprise...

[Forest]

Very interesting. GE also owns MSNBC so how does this all compute?

[NotBeatenYet]

Gee, I suppose this demonstrates that N B C and M S N B C did such a good job enabling our beloved leader during the run-up to the i n v a s i o n that a fat contract is fitting compensation.

I regard it as b l o o d money.