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InvisibleSwami
Eggshell Walker

Registered: 01/19/00
Posts: 15,413
Loc: In the hen house
Cheney's Halliburton "Awarded" 7 billion dollar contract
    #1456593 - 04/14/03 10:02 AM (14 years, 2 months ago)

Yup, the cashing in on Iraq has started. This was pre-ordained and Cheney will make millions off of this deal. Operation Iraqi Freedom? Puh-lease!


Democrats question Halliburton deals

By Rex Nutting & Lisa Sanders, CBS.MarketWatch.com

WASHINGTON (CBS.MW) -- Two top Democratic lawmakers are demanding an investigation into whether the Pentagon is favoring Halliburton as a contractor because Vice President Dick Cheney once ran the company.

Halliburton's KBR subsidiary (formerly known as Kellogg Brown & Root) has already been awarded a "no-bid" contract from the Army Corps of Engineers to fight oil well fires in Iraq.

The company (HAL) was also one of five U.S. companies selected to compete for $600 million in contracts from the State Department's U.S. Agency for International Development to help rebuild Iraq's oil industry and other vital infrastructure, but the company said it would not bid on that contract. See full story.

Reps. John Dingell, D-N.Y., and Henry Waxman, D-Calif., asked the congressional General Accounting Office "to investigate allegations that Halliburton has received special treatment from the administration over the past two years in the awarding of Defense Department contracts," according to a letter they sent to GAO Comptroller General David M. Walker. Read the letter.

"The vice president has nothing to do with awarding of defense contracts, the bidding process or current work orders," Halliburton spokeswoman Wendy Hall told CBS.MarketWatch.com. "With more than 60 years of government experience, KBR has a proven track record of military contracts."

Halliburton, primarily an oil-services company, ranked as the 37th largest defense contractor in 2002, with contracts totaling $483 million. One of its contracts was to build a prison in Guantanamo Bay, Cuba, to hold prisoners from the Afghan war. See the list of top defense contractors.

The company had a larger share of Pentagon contracts in 1996, with deals totaling $574 million.

Cheney, who was defense secretary under the first Bush administration, was chief executive officer at Halliburton from 1995 to 2000. He will receive less than $180,000 a year for five years in deferred compensation from the company.

The company said Cheney's deferred compensation would not be affected by the company's current or future performance.

Dingell and Waxman noted that KBR had been fined for fraudulent billing in 2001 and that the GAO had found that the company had overbilled the Army on several occasions, including charging $86 for each sheet of plywood delivered to Balkans.

The two Democrats also noted that the Securities and Exchange Commission is investigating Halliburton's accounting practices beginning in 1998, when Cheney was still CEO.

The initial $600 million Iraq rebuilding contract could be awarded later this week or early next week, Andrew Natsios told Reuters in an interview Tuesday.

Bechtel Group, Fluor (FLR), Parsons and Louis Berger Group are in the running for that contract. Halliburton chief operating officer Douglas Foshee told Reuters his company "could participate as a subcontractor."

The administration has asked that the Defense Department be put in charge of the bulk of the reconstruction of Iraq, the supplement funding bill for the war passed by the House and Senate allows the State Department to retain that responsibility.

The final version is still be negotiated and the White House could prevail.

The contracts to rebuild Iraq have also angered European allies, especially the British who complained that their firms are being frozen out of the bidding process even though their troops are fighting and dying alongside the Americans.

Other European companies point to World Trade Organization rules that they say require open bidding for the work without regard to nationality.





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The proof is in the pudding.


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InvisibleBuddha5254
addict
Registered: 04/23/00
Posts: 532
Re: Cheney's Halliburton [Re: Swami]
    #1456743 - 04/14/03 12:00 PM (14 years, 2 months ago)

its like they arent even trying to hide it anymore


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InvisibleInnvertigo
Vote Libertarian!!
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Registered: 02/09/01
Posts: 16,296
Loc: Crackerville, Michigan U...
Re: Cheney's Halliburton "Awarded" 7 billion dollar contract [Re: Swami]
    #1456753 - 04/14/03 12:04 PM (14 years, 2 months ago)

good..


--------------------

America....FUCK YEAH!!!

Words of Wisdom: Individual Rights BEFORE Collective Rights

"The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants." -- Thomas Jefferson


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OfflineLearyfan
It's the psychedelic movement!
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Re: Cheney's Halliburton "Awarded" 7 billion dollar contract [Re: Innvertigo]
    #1457128 - 04/14/03 03:20 PM (14 years, 2 months ago)

Quote:

good..




Good that they're investigating the deal, or what?



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OfflineAzmodeus
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Registered: 11/27/02
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Re: Cheney's Halliburton [Re: Learyfan]
    #1457241 - 04/14/03 04:10 PM (14 years, 2 months ago)

"Good that they're investigating the deal, or what?"

What else?


--------------------
"Know your Body - Know your Mind - Know your Substance - Know your Source.

Lest we forget. "


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InvisibleInnvertigo
Vote Libertarian!!
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Registered: 02/09/01
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Re: Cheney's Halliburton [Re: Azmodeus]
    #1457259 - 04/14/03 04:21 PM (14 years, 2 months ago)

The threads as of late have been so boring i'm going to let you guys make your own assumptions at what i meant by "Good". It'll be more fun for me.


--------------------

America....FUCK YEAH!!!

Words of Wisdom: Individual Rights BEFORE Collective Rights

"The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants." -- Thomas Jefferson


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Offlinepattern
multiplayer

Registered: 07/19/02
Posts: 2,183
Loc: Canada
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Re: Cheney's Halliburton [Re: Innvertigo]
    #1457340 - 04/14/03 04:43 PM (14 years, 2 months ago)

Maybe it means you have shares in Halliburton?  :smile:


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man = monkey + mushroom


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OfflineLearyfan
It's the psychedelic movement!
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Re: Cheney's Halliburton [Re: Innvertigo]
    #1457480 - 04/14/03 05:17 PM (14 years, 2 months ago)

Since Inny is Inny, i'll say that "good" means that he's happy that Cheney is making money from this deal.



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InvisibleInnvertigo
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Re: Cheney's Halliburton [Re: Learyfan]
    #1457969 - 04/14/03 08:30 PM (14 years, 2 months ago)

makes ya wonder doesn't it?


--------------------

America....FUCK YEAH!!!

Words of Wisdom: Individual Rights BEFORE Collective Rights

"The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants." -- Thomas Jefferson


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OfflineCatalysis
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Registered: 04/23/02
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Re: Cheney's Halliburton "Awarded" 7 billion dollar contract [Re: Swami]
    #1458172 - 04/14/03 09:35 PM (14 years, 2 months ago)

First of all, Cheney already donated all of his stock to charity when he left the company.

Secondly, all of this "public outrage" (as misdirected as it may be) has caused Halliburton to withdraw from any further consideration for engineering contracts in Iraq...so go ahead and pat yourself on the back for a job well done. You have successfully blocked a qualified and respected engineering company from doing what it does best at a time when thier service is needed.


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:egyptian:


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OfflineLearyfan
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Re: Cheney's Halliburton "Awarded" 7 billion dollar contract [Re: Catalysis]
    #1458400 - 04/14/03 10:35 PM (14 years, 2 months ago)

Cheney still get's money from Halliburton some how. I forget how though.



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Invisiblez@z.com
Libertarian
Registered: 10/13/02
Posts: 2,876
Loc: ATL
Re: Cheney's Halliburton "Awarded" 7 billion dollar contract [Re: Learyfan]
    #1458408 - 04/14/03 10:37 PM (14 years, 2 months ago)

Quote:

Cheney still get's money from Halliburton some how. I forget how though.



Sure he does. I'll believe it when I see it. I'll look for it.
Edit: I looked and found nothing. Nothing at all about Cheney being payed by the company. I'm not saying I couldn't have missed something, but I didn't find anything.


--------------------
"Of all tyrannies, a tyranny exercised for the good of its victims may be the most oppressive. It may be better to live under robber barons than under omnipotent moral busybodies. The robber baron's cruelty may sometimes sleep, his cupidity may at some point be satiated; but those who torment us for our own good will torment us without end, for they do so with the approval of their own conscience." - C.S. Lewis

"I would rather be exposed to the inconveniencies attending too much liberty than to those attending too small a degree of it." - Thomas Jefferson


Edited by z@z.com (04/14/03 10:43 PM)


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Invisibleadrug

Registered: 02/04/03
Posts: 15,800
Re: Cheney's Halliburton [Re: z@z.com]
    #1458476 - 04/14/03 10:57 PM (14 years, 2 months ago)



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Invisiblez@z.com
Libertarian
Registered: 10/13/02
Posts: 2,876
Loc: ATL
Re: Cheney's Halliburton [Re: adrug]
    #1458518 - 04/14/03 11:09 PM (14 years, 2 months ago)

Quote:

When he left Halliburton in 2000 to become George Bush's running mate, he opted not to receive his leaving payment in a lump sum but instead have it paid to him over five years, possibly for tax reasons.

An aide to the vice president said yesterday: "This is money that Mr Cheney was owed by the corporation as part of his salary for the time he was employed by Halliburton and which was a fixed amount paid to him over time."

The aide said the payment was even insured so that it would not be affected even if Halliburton went bankrupt, to ensure there was no conflict of interest.

"Also, the vice president has nothing whatsoever to do with the Pentagon bidding process," the aide added.




No scandal here. Go about your business.


--------------------
"Of all tyrannies, a tyranny exercised for the good of its victims may be the most oppressive. It may be better to live under robber barons than under omnipotent moral busybodies. The robber baron's cruelty may sometimes sleep, his cupidity may at some point be satiated; but those who torment us for our own good will torment us without end, for they do so with the approval of their own conscience." - C.S. Lewis

"I would rather be exposed to the inconveniencies attending too much liberty than to those attending too small a degree of it." - Thomas Jefferson


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Offlinefoghorn
enthusiast
Registered: 12/14/01
Posts: 308
Last seen: 12 years, 8 months
Re: Cheney's Halliburton [Re: z@z.com]
    #1459270 - 04/15/03 03:59 AM (14 years, 2 months ago)

unfortuneately not all deals - especially ones involving politicians - are available for public scrutiny



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Invisiblecarbonhoots
old hand

Registered: 09/11/01
Posts: 1,351
Loc: BC Canada
Re: Cheney's Halliburton "Awarded" 7 billion dollar contract [Re: Swami]
    #1459376 - 04/15/03 05:19 AM (14 years, 2 months ago)

Wow.

This elitist right-wing administration is wasting more public money on their own ruling-class elitist selves than collectivist left-wingers ever dreamed could be spent on society.



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  -I'd rather have a frontal lobotomy than a bottle in front of me

CANADIAN CENTER FOR POLICY ALTERNATIVES


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InvisiblePsiloKitten
Ganja Goddess

Registered: 02/13/99
Posts: 1,617
Re: Cheney's Halliburton "Awarded" 7 billion dollar contract [Re: carbonhoots]
    #1459411 - 04/15/03 05:50 AM (14 years, 2 months ago)

That statement simply rocks. Good way to sum it up.


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InvisibleInnvertigo
Vote Libertarian!!
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Registered: 02/09/01
Posts: 16,296
Loc: Crackerville, Michigan U...
Re: Cheney's Halliburton "Awarded" 7 billion dollar contract [Re: Learyfan]
    #1459501 - 04/15/03 07:11 AM (14 years, 2 months ago)

Quote:

Cheney still get's money from Halliburton some how. I forget how though




shocking, he's guilty but you don't know how...typical.


--------------------

America....FUCK YEAH!!!

Words of Wisdom: Individual Rights BEFORE Collective Rights

"The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants." -- Thomas Jefferson


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OfflineAzmodeus
Seeker

Registered: 11/27/02
Posts: 3,392
Loc: Lotus Land!! B.C.
Last seen: 12 years, 5 months
Re: Cheney's Halliburton "Awarded" 7 billion dollar contract [Re: Innvertigo]
    #1460503 - 04/15/03 03:38 PM (14 years, 2 months ago)

He said he "forgot" not "never knew any information" :smirk:

thats ok! :wink:


--------------------
"Know your Body - Know your Mind - Know your Substance - Know your Source.

Lest we forget. "


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OfflineAzmodeus
Seeker

Registered: 11/27/02
Posts: 3,392
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Last seen: 12 years, 5 months
Re: Cheney's Halliburton "Awarded" 7 billion dollar contract [Re: Catalysis]
    #1460519 - 04/15/03 03:42 PM (14 years, 2 months ago)

Quote:

First of all, Cheney already donated all of his stock to charity when he left the company.




In canada we get HUGE tax breaks for "donating" to charity.  It probably saved him more money than it cost, but he really cares about stuff like that, and is a wonderful person to give so generously. :tongue:

Quote:

Secondly, all of this "public outrage" (as misdirected as it may be) has caused Halliburton to withdraw from any further consideration for engineering contracts in Iraq...so go ahead and pat yourself on the back for a job well done.  You have successfully blocked a qualified and respected engineering company from doing what it does best at a time when thier service is needed. 




/me pats myself on the back...
Wonder why they withdrew so soon?! Its not like anyone was on to the scheme... :smirk:


--------------------
"Know your Body - Know your Mind - Know your Substance - Know your Source.

Lest we forget. "


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