An all too common tale of 100% pure unadulterated red, white and blue crony capitalism involving our Vice-President’s brother, James Biden, is described in this excellent article by Fox’s Charlie Gasparino. This story really sums up all that is wrong with America today. Not only does it involve insider contracts due to political connections, but it involves building homes in Iraq! So forget construction in the United States, these cronies would rather go bomb another country into the stone age and then reward political hacks with billion dollar contracts to rebuild the mess they created. Remarkable.

From Fox:

How was it that HillStone, a newcomer in the business of home building, landed a massive and potentially lucrative contract to build 100,000 homes in war-torn Iraq?

Richter didn’t mince words. It really helps, he said, to have “the brother of the vice president as a partner,” according to a person who was present.

The “brother” Richter was referring to during the meeting is James Biden, the younger brother of Vice President Joe Biden.

James Biden, for his part, declined repeated attempts by FOX Business to comment on Iraq and his larger role at Hill, which now includes selling affordable housing developments, particularly in third-world countries.

Having an older brother who’s the vice president certainly has its benefits. Analysts point to some lucrative deals directed to Hill from the federal government, including a $22 million contract awarded to Hill International earlier this month to manage the construction of offices for the State Department.

Biden joined the company just as HillStone was starting its negotiations to win the Iraq deal. Justice believed he had a groundbreaking technology that would be perfect for a war-ravaged country in need of affordable housing: Spraying concrete on wire and steel shells to produce housing that could be shipped quickly and cheaply.

Read the entire article here.

In Liberty,

Mike



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