President Obama, Why Did You Pay Blackwater $70 Million in February?
Thu, 19 Mar 2009 10:49:36 -0500
Summary:

Let those individuals who claim that they’re entitled to bonuses go to court and the government will defend the case and will say these are against public policy. How can you pay a bonus to this individual in this company, which raised the problem and caused this $180 billion bailout and now they want bonuses on top? It is simply unenforceable.

Blackwater back in U.S. employ: Days after the Baghdad government decided it no longer wanted the company then known as Blackwater in Iraq, the State Department signed a $22.2 million deal in February to keep the embattled contractor working there through most of the summer, contract records show.
[Posted By ShiftShapers]
By Jeremy Scahill
Republished from AlterNet
Obama may keep the company on the government payroll months after its Iraq contract expires. Not bad for a firm supposedly going down in flames.

For those already outraged at the AIG bonus scandal, here is a fact that should add more fuel to the fire: The Obama administration has paid the mercenary firm formerly known as Blackwater nearly $70 million to operate in Iraq and, according to The Washington Times, may keep the company on the payroll months past the official expiration of its Iraq contract in May. I reviewed Blackwater’s recent transactions with the Obama State Department and discovered a $45 million payment to Blackwater on February 4, 2009 for “protective services-Iraq.” It is described as a “funding action only.” Here is the interesting part: The estimated “Ultimate Completion Date” is 5/07/2011.

The Washington Times (as described below) reported on a $22 million payment to Blackwater on February 2. Combined with the $45 million payment I discovered, that’s nearly $67 million in 72 hours. Not bad for a company supposedly going down in flames.

With the U.S. economy in shambles and millions of Americans struggling to make ends meet and keep their homes, Obama and Secretary of State Hillary Clinton need to explain to U.S. taxpayers how they justify these mega-payments to a scandal-plagued mercenary company. (At the very least, someone should ask Robert Gibbs…continued....

President Obama, Why Did You Pay Blackwater $70 Million in February? | War on Iraq | AlterNet