Wednesday, October 24, 2012

VP Biden’s Brother Gets Hired by Development Co., Co. gets $1.5 Billion Govt* Contract

In the recent debate the Vice President laughed off the issue of cronyism as not that big a deal. Well one can understand why after reading the attached article by investigative reporter Charlie Gasparino. Either Joe Biden has no idea what cronyism is, or he is all too aware that his family has benefited greatly from it and is seeking to deflect any attacks. Read the attached report and decide for yourself.


(From FoxBusiness.com)
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.
Since November 2010, James Biden has been the executive vice president of Hill International’s housing subsidiary despite little if any documented work history in residential construction. And if the company’s projections are accurate, both Hill and Biden are on the verge of a huge payday, beneficiaries, some analysts believe, of James Biden’s connections to the Obama Administration through his older brother.”
Click here for the report. *Note: The “government contract” is technically an Iraqi government contract (which likely is funded by the US either in whole or in large part. So it is not a direct outlay right to Hill International from the US government.) Source