Monday, September 27, 2004

 

Old Dog, New Tricks

Can you say "War Profiteering?" Where is the outrage over the no-bid contracts to Cheney's former company, Halliburton? And in return for all of those lucrative contracts, the company is doing a crappy job.

Check it out:
Halliburton and Iraq: Growing Evidence of Waste, Fraud, and Abuse


From Today's New York Times
Fact Check

Halliburton's business with the military has grown substantially since Mr. Bush and Mr. Cheney took office. The company rose to seventh-largest military contractor in 2003 from 22nd-largest in 2000.

Mr. Cheney's financial disclosure statements from 2001, 2002 and 2003 show that since becoming vice president-elect, he has received $1,997,525 from the company: $1,451,398 in a bonus deferred from 1999, the rest in deferred salary. He also holds options to buy Halliburton stock.

Cheney [has refused to] provide an accounting of any communications he and his staff have had with Halliburton or actions they have taken on Halliburton contracts.

In March 2003, Kellogg Brown & Root, Halliburton's construction and engineering subsidiary, received from the Pentagon what is called a sole-source contract, meaning it was awarded without bidding, to restore and operate Iraqi oil wells. The contract, which was classified when it was awarded just before the invasion of Iraq, could be worth as much as $7 billion.

More on Cheney/Halliburton War Profiteering




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