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Andrew Gilliesfollowshare
8-18-2008 9:38 AM
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Another story playing up the government's vulnerability as contractors gain clout. Pair this together with last week's reports (http://thehill.com/leading-the-news/cbo-iraq-contracts-close-to-hitting-100-billion-mark-2008-08-12.html) on the military's startling reliance on contractors in Iraq (190,000 there now). An equity analyst (ex-military) I spoke to last week on the topic mentioned that, even if political pressure mounts to rein in contractors, it would be very difficult and expensive for the government to do so.
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