Thursday, November 14, 2013

Crony Capitalism: No-Bid Contracts Mark Obama Administration

11.14.13


From the Obamacare website to Michelle Obama's "Let's Move" anti-obesity logo, the administration is increasingly doling out no-bid contracts, prompting allegations of favoritism and questions about shoddy work.

Federal agencies awarded $115.2 billion in no-bid contracts in fiscal 2012, an 8.9 percent increase from $105.8 billion in 2009, even as total contract spending decreased by 5 percent during the period. 

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