Cheney Lying About Halliburton

coffman

CAGiversary!
Vice President Dick Cheney has insisted that criticism of his former company Halliburton is unwarranted and politically motivated. On October 5th, at the vice-presidential debate, Cheney said, "the reason they keep mentioning Halliburton is because they're trying to throw up a smokescreen. They know the charges are false...there's no substance to the charges." The FBI isn't so sure.

It was revealed Thursday that "the FBI has expanded its investigation of Halliburton's work in Iraq to determine if the Pentagon improperly awarded no-bid contracts." In June it was reported that, according to an Army Corps of Engineer's email, a multi-billion dollar no-bid contract for Halliburton "had been 'coordinated' with the office of Vice President Cheney."
 
[quote name='PittsburghAfterDark']You know, it's election day.

You think the short bus tards here could mention anything but Halliburton. Guess I was wrong.[/quote]

Sorry, I don't ride on your bus. This is a corrupt administration and its ties to Halliburton should be a factor in today's voting.
 
"quote deleted for being in bad taste and against CheapyD's terms"


It's good to see you are still angry as ever PAD. I suggest a couple of Rolaids and a nap.
 
Ah, I deleted PADs post but you quoted it...
oh well...

Even though this is the Politics forum, insulting each other in such away is not allowed.

"This is place for mature discussion and is NOT a flame forum."
 
INVESTOR'S BUSINESS DAILY

*Halliburton:* Despite Democrat myth, Dick Cheney's old firm is not making a bundle in Iraq. To the contrary, its latest results make it look downright patriotic.

We all know the line: Thanks to connections with its former CEO (the vice president), logistics and oil-field services giant Halliburton Co. got an inside track to lucrative Iraqi reconstruction work. The loonier left sees a Cheney-Halliburton nexus as a driving force behind the Iraq war itself.

Whatever version you pick, the point's the same: A big corporation (doubly evil because it works with oil) is profiting from its undue influence with the Bush administration.

It's true that Halliburton is getting plenty of work in Iraq, including a sole-source (a.k.a. no-bid) contract to provide logistical support for U.S. troops. Its third-quarter report, released Tuesday, showed that the Iraq-related business brought in revenue of $1.4 billion. That's a large slice, 29%, of overall sales for the period.

But to be a war profiteer, you have to make a nice, fat profit. Halliburton is barely breaking even. Operating income from Iraq work totaled all of $4 million. That's a minuscule margin of 0.3%.

Halliburton happens to be doing well outside of Iraq in oil-field services. With crude over $50 a barrel, it's a good time to be in the drilling business, and the company's stock has been rising nicely as a result. But the war work is a different story. Halliburton is doing crucial work for a modest profit, plus facing real danger.

As CEO David Lesar noted recently, 48 of its employees and subcontractors have been killed in Iraq. Whatever Halliburton's reasons for being in Iraq, it's clearly not there for easy money.

There are good business reasons why a company like Halliburton might want to take on low-margin government work. Profit from that side, though never lavish, do tend to level out the boom-bust cycle on the oil side and cut risk overall.

Working in Iraq also helps sustain Halliburton's reputation as a one-of-a-kind company, able to provide support services at a scale and on timetables that no other firm can match. As the Government Accountability Office has noted, Halliburton was the only firm up to the task of quickly restoring the flow of Iraqi oil; hence its sole-source contract for that job.

But if Halliburton is looking to its shareholders' interests, as it should, it's doing so in a way that spreads a lot of good around. It's really supporting our troops, helping build a better life for the people of Iraq and giving American taxpayers full value for their money.

Instead of brickbats, it should be getting some kind of a medal.
 
[quote name='gamefreak']INVESTOR'S BUSINESS DAILY

*Halliburton:* Despite Democrat myth, Dick Cheney's old firm is not making a bundle in Iraq. To the contrary, its latest results make it look downright patriotic.

We all know the line: Thanks to connections with its former CEO (the vice president), logistics and oil-field services giant Halliburton Co. got an inside track to lucrative Iraqi reconstruction work. The loonier left sees a Cheney-Halliburton nexus as a driving force behind the Iraq war itself.

Whatever version you pick, the point's the same: A big corporation (doubly evil because it works with oil) is profiting from its undue influence with the Bush administration.

It's true that Halliburton is getting plenty of work in Iraq, including a sole-source (a.k.a. no-bid) contract to provide logistical support for U.S. troops. Its third-quarter report, released Tuesday, showed that the Iraq-related business brought in revenue of $1.4 billion. That's a large slice, 29%, of overall sales for the period.

But to be a war profiteer, you have to make a nice, fat profit. Halliburton is barely breaking even. Operating income from Iraq work totaled all of $4 million. That's a minuscule margin of 0.3%.

Halliburton happens to be doing well outside of Iraq in oil-field services. With crude over $50 a barrel, it's a good time to be in the drilling business, and the company's stock has been rising nicely as a result. But the war work is a different story. Halliburton is doing crucial work for a modest profit, plus facing real danger.

As CEO David Lesar noted recently, 48 of its employees and subcontractors have been killed in Iraq. Whatever Halliburton's reasons for being in Iraq, it's clearly not there for easy money.

There are good business reasons why a company like Halliburton might want to take on low-margin government work. Profit from that side, though never lavish, do tend to level out the boom-bust cycle on the oil side and cut risk overall.

Working in Iraq also helps sustain Halliburton's reputation as a one-of-a-kind company, able to provide support services at a scale and on timetables that no other firm can match. As the Government Accountability Office has noted, Halliburton was the only firm up to the task of quickly restoring the flow of Iraqi oil; hence its sole-source contract for that job.

But if Halliburton is looking to its shareholders' interests, as it should, it's doing so in a way that spreads a lot of good around. It's really supporting our troops, helping build a better life for the people of Iraq and giving American taxpayers full value for their money.

Instead of brickbats, it should be getting some kind of a medal.[/quote]

And that, kids, is why marajuana is bad.
 
[quote name='Quackzilla'][quote name='gamefreak']INVESTOR'S BUSINESS DAILY

*Halliburton:* Despite Democrat myth, Dick Cheney's old firm is not making a bundle in Iraq. To the contrary, its latest results make it look downright patriotic.

We all know the line: Thanks to connections with its former CEO (the vice president), logistics and oil-field services giant Halliburton Co. got an inside track to lucrative Iraqi reconstruction work. The loonier left sees a Cheney-Halliburton nexus as a driving force behind the Iraq war itself.

Whatever version you pick, the point's the same: A big corporation (doubly evil because it works with oil) is profiting from its undue influence with the Bush administration.

It's true that Halliburton is getting plenty of work in Iraq, including a sole-source (a.k.a. no-bid) contract to provide logistical support for U.S. troops. Its third-quarter report, released Tuesday, showed that the Iraq-related business brought in revenue of $1.4 billion. That's a large slice, 29%, of overall sales for the period.

But to be a war profiteer, you have to make a nice, fat profit. Halliburton is barely breaking even. Operating income from Iraq work totaled all of $4 million. That's a minuscule margin of 0.3%.

Halliburton happens to be doing well outside of Iraq in oil-field services. With crude over $50 a barrel, it's a good time to be in the drilling business, and the company's stock has been rising nicely as a result. But the war work is a different story. Halliburton is doing crucial work for a modest profit, plus facing real danger.

As CEO David Lesar noted recently, 48 of its employees and subcontractors have been killed in Iraq. Whatever Halliburton's reasons for being in Iraq, it's clearly not there for easy money.

There are good business reasons why a company like Halliburton might want to take on low-margin government work. Profit from that side, though never lavish, do tend to level out the boom-bust cycle on the oil side and cut risk overall.

Working in Iraq also helps sustain Halliburton's reputation as a one-of-a-kind company, able to provide support services at a scale and on timetables that no other firm can match. As the Government Accountability Office has noted, Halliburton was the only firm up to the task of quickly restoring the flow of Iraqi oil; hence its sole-source contract for that job.

But if Halliburton is looking to its shareholders' interests, as it should, it's doing so in a way that spreads a lot of good around. It's really supporting our troops, helping build a better life for the people of Iraq and giving American taxpayers full value for their money.

Instead of brickbats, it should be getting some kind of a medal.[/quote]

And that, kids, is why marajuana is bad.[/quote]

You're against smoking pot and for Kerry? Sounds hypocritical to me.
 
[quote name='gamefreak']You're against smoking pot and for Kerry? Sounds hypocritical to me.[/quote]

Remember kids, battery acid is NOT good for your brain, no matter what your peers tell you.
 
I hate to be in the minority here, and bring in some facts, but oh well.
"In the 1990s, the military looked for ways to get outside help handling the logistics associated with foreign interventions. It came up with the U.S. Army Logistics Civil Augmentation Program, or LOGCAP. The program is a multiyear contract for a corporation to be on call to provide whatever services might be needed quickly.

Halliburton won a competitive bidding process for LOGCAP in 2001. So it was natural to turn to it (actually, to its wholly owned subsidiary Kellogg Brown & Root) for prewar planning about handling oil fires in Iraq. "To invite other contractors to compete to perform a highly classified requirement that Kellogg Brown & Root was already under a competitively awarded contract to perform would have been a wasteful duplication of effort," the Army Corps of Engineers commander has written.

Then, in February 2003, the Corps of Engineers gave Halliburton a temporary no-bid contract to implement its classified oil-fire plan. The thinking was it would be absurd to undertake the drawn-out contracting process on the verge of war. If the administration had done that and there had been catastrophic fires, it would now be considered evidence of insufficient postwar planning. And Halliburton was an obvious choice, since it put out 350 oil-well fires in Kuwait after the first Gulf War.

The Clinton administration made the same calculation in its own dealings with Halliburton. The company had won the LOGCAP in 1992, then lost it in 1997. The Clinton administration nonetheless awarded a no-bid contract to Halliburton to continue its work in the Balkans supporting the U.S. peacekeeping mission there because it made little sense to change midstream. According to Byron York, Al Gore's reinventing-government panel even singled out Halliburton for praise for its military logistics work.

So, did Clinton and Gore involve the United States in the Balkans to benefit Halliburton? That charge makes as much sense as the one that Democrats are hurling at Bush now. Would that they directed more of their outrage at the people in Iraq who want to sabotage the country's oil infrastructure, rather than at the U.S. corporation charged with helping repair it.'
http://www.townhall.com/columnists/richlowry/rl20030918.shtml


No-bid contracts because the contract was *already* initiated, 'We'll call you when we need you' rather than starting the bid process for every job.
My company does the same--we have probably 5000 Skytel pagers/cell phones, because that's who our contract is with. After a couple years, we may revisit it and open it up for bidding, but this way makes it a lot more efficient and we can focus on doing our job.
 
the first day he fired a bunch of people and raised his salary 900K



More than enough reason to hate Cheney and Haliburton
 
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