Cheney STILL Being Paid By Halliburton!

[DarkHippie]

http://www.guardian.co.uk/Iraq/Story/0,2763,912515,00.html

This country turns more into an Oligarchy every day.

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[silera]

I had to look up Oligarchy.

olúiúgarúchy ( P ) Pronunciation Key (l-g„rk, l-)
n. pl. olúiúgarúchies

Government by a few, especially by a small faction of persons or families.
Those making up such a government.
A state governed by a few persons.



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<font size=3><font color=red>I can't stand myself either.</font></font></center>
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[FiveB247]

How can it be that a government official is being paid by a company/ corporation? I'm seriously shocked and wondering where some politicians influence and interets are.....ugh.

[A.J.]

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.


So what's the problem?

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[DarkHippie]

the problem is that this creates a massive conflict of interests, especially when said company is lobbying for government contracts worths hundreds of millions of dollars. Whether legal or not, this is a serious ethical breach at the highest levels of our government. Chaney could have deferred payment until after his term was up, or taken it in a lump sum, but to be on a contractor's payroll when you are the second in command of the country is just WRONG!

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[Bergalad]

This actually bothers me as well. I understand the reasons behind why he did the payout like he did, but it appears like a conflict. Halburton has worked with the government for over 60 years according to the article, but I can't say for sure that I don't see any influence being used in their favor, especially for contracts that might not take effect until several years from now. Cheney has said all profits from the stock he still holds goes to charity, so that is a little something. It would be ideal if our politicians were free from corporate influence, but that's wishful thinking, at least for now.

[A.J.]

Fair enough -- it's legal but looks suspicious.

I tried to find the answer to a similar historical precedent but I couldn't so I pose the question (NOT to start a fight): how did Robert Rubin handle his leaving his $20+M a year job as CEO of Citigroup (I believe) to become Clinton's second Treasury Secretary? Was there a similar payout?

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[DarkHippie]

how did Robert Rubin handle his leaving his $20+M a year job as CEO of Citigroup
good question, I wish yerdaddy was here to do the research for us :(

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[A.J.]

Me too. He probably has the damn documents!

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[HordeKing1]

Doesn't Cheney have to exist to get paid?

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[Recyclerz]

how did Robert Rubin handle his leaving his $20+M a year job as CEO of Citigroup (I believe) to become Clinton's second Treasury Secretary? Was there a similar payout?

Well, without even pretending to fill Yerdaddy's shoes (Birkenstocks or Doc Martens?) I can shed some light on this.

Rubin quit Goldman Sachs in '93 when he joined Clinton as asst. Treasury Secretary. Since it was a partnership at the time he cashed out with an estimated $100 million. Unlike some other partners who retained a smaller ownership interest in the firm when they went to work for the gov't., Rubin ditched all of his to avoid the appearance of conflict of interest.

It was estimated that if he had kept his ownership interest in Goldman Sachs, at the time it went public it would have been worth $1.5 b-b-b-billion. I can't link to the story since I got it off Nexis but it was in the NY times in August 1998.

Even though this guy is a minor hero for me (a filthy rich guy willing to act in the interest of the working stiffs) there is a bit of dirt that can be thrown on him: after he took the co-chairman job at Citigroup he did make a phone call to one of the people still working at Treasury (a Republican appointed by Clinton!and kept by Bush) on behalf of Enron, a client of Citigroup, before they went belly-up. He's still great though.

And back on point, it doesn't bother me as much that Cheney is still getting paid by Halliburton as the fact that he screwed over their shareholders (not me) with some very dicey accounting to inflate the company's earnings when he was still running the ship and getting boat loads of stock options.




[b]Free Yerdaddy![b]

[DarkHippie]

The Man who helps to make economic and military policy should not have a conflict of interests like this. But what I want to know is why doesn't the mainstream media report on this? This is something everyone should know but it's been squirreled away. could it be that mainstream media sources are also controlled by big businesses that wouldn't connections like this to be revealed?

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[silera]

I'm sick of all this bullshit already.



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<font size=3><font color=red>I can't stand myself either.</font></font></center>
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[FiveB247]

Silera...you're sick of it? It's reality. Many of our officials and politicans that are supposed to be working on behalf of the American people all have ties and are related to corporations and businesses which skew their interest.

Hippie, I'm actually reading "The Media Monopoly" by Ben H. Bagdikian. It talks all about the US media and how basically 6 corporations own everything from newspapers, tv stations, radio stations, publishing companies and magazine companies. It's beyond scary!

[DJEvelEd]

The problem is that you all have FAITH in your government. It's a given that these people are corrupt (both Dems and Reps) so I vote blindly for 3rd party candidates...

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Big bird is Ferrall's bitch
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[El Mudo]

Cheney STILL Being Paid By Halliburton!


So what. And Al Gore never gave up his large amount of stock in Occidental Petroleum when he was VP and while he was still in office the Navy sold their Elk Hills Oil Reserve to Occidental...

Trying to stop talking like a grizzled 1890's prospector..

[DarkHippie]

Al Gore never gave up his large amount of stock in Occidental Petroleum when he was VP and while he was still in office the Navy sold their Elk Hills Oil Reserve to Occidental...
good point, but his administration didn't overthrow and annex a soveireign country and give the major rebuilding contracts to that company now did he?

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<i>LABELS ARE FOR PRODUCTS, NOT PEOPLE! DON'T HUG A TREE, PLANT ONE!
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[El Mudo]

good point, but his administration didn't overthrow and annex a soveireign country and give the major rebuilding contracts to that company now did he?


Yeah but they did fire missles at a pharmaceutical plant to distract attention off of the President's sexual shennanigans in the Oval Office...

Trying to stop talking like a grizzled 1890's prospector..

[DarkHippie]

Yeah but they did fire missles at a pharmaceutical plant to distract attention off of the President's sexual shennanigans in the Oval Office...
Not even close to an equation. the latter is "wagging the dog." The former is "neo-fascism." (if you think I'm just throwing around the f-word, look it up)

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</i><a href=http://www.freeopendiary.com/entrylist.asp?authorcode=A537085>Gonads and Strife: a journal</a>

[HordeKing1]

This is only relevant if his severance package is influenced by Halliburton's earnings. The overwhelming majority of severance plans are not contingent upon future company earnings, and the money for his settlement is already accounted for by the company. Even if they went bankrupt tomorrow, Cheeny would still get his remaining severance pay.

I agree that it gives the appearance of impropriety.

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[Recyclerz]

Just to stir the pot of controversy a little

http://money.cnn.com/2003/03/25/news/companies/war_contracts/index.htm




[b]Free Yerdaddy![b]

[FiveB247]

I'm truly shocked. I thought our intentions were for the freedom of the Iraqi people.

Wasn't it Moe or Bergalad who kept ripping the French, Germans and Russians for having similar contracts? Comments?

[A.J.]

The Kellogg Brown & Root (KBR) unit of Halliburton....was awarded a contract late Monday by the U.S. Army Corps of Engineers to put out oil fires and make emergency repairs to Iraq's oil infrastructure.

Halliburton's KBR unit was involved in putting out the 1991 fires.

If I were the Army Corps of Engineers, I'd probably want to go with the company that has the most experience dealing with oil fires and the Arab oil infrastructure.

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[Bergalad]

I'm truly shocked. I thought our intentions were for the freedom of the Iraqi people.
No, once again, it's about disarmament.

Halliburton has the most experience and cababilities to do this job, simple. Yes, it smacks of conflict of interest, I agree. Still, this is nowhere near the same issue as the French and Russian contracts. This new contract is just that: new. It is in reaction to Iraqi actions, and it is not illegal. The French contracts were contingent upon UN Sanctions being lifted, which the French were actively trying to do without justification. Also, Halliburton is there to put out the fires, not pump oil. It's all a different set of circumstances.

[FiveB247]

No, once again, it's about disarmament.

Bergalad...if the US was pursuing disarmament...they would rid Iraq of weapons and leave Saddam in power. Are you honestly going to tell me that is what our nation plans on or is doing?

We are removing Saddam from power...Regime Change.....as well as disarmament. But the 1st priority is removing Saddam.

[Bergalad]

Are you honestly going to tell me that is what our nation plans on or is doing?

Yes, but this has nothing to do with the thread.

[FiveB247]

Bush said this today...."We will prevail. The Iraqi regime will be disarmed. The Iraqi regime will be ended. The Iraqi people will be free."

Doesn't sound like just disarmament to me Bergalad.

[El Mudo]

Halliburton has the most experience and cababilities to do this job, simple. Yes, it smacks of conflict of interest, I agree. Still, this is nowhere near the same issue as the French and Russian contracts.


Yeah..since we only get about 2% of our oil from Iraq..

But i think you misunderestimate the importance of oil in our society. No oil = no heat, no factories, no plastics, etc.

And wouldnt you want someone like an oilman who knows how important this stuff is than someone who doesnt? thats why im glad we elected two oilmen to run the country

Trying to stop talking like a grizzled 1890's prospector..

[The Jays]

Bush said this today...."We will prevail. The Iraqi regime will be disarmed. The Iraqi regime will be ended. The Iraqi people will be free."


In order to fully disarm Iraq, we must get rid of the regime that keeps trying to re-arm itself.

In order to ensure disarmament, we must have a more stable government there for the Iraqi people. Iraq cannot be held at the whim of a madman.


BTW, I was just reading BuzzFlash, and was wondering to myself how long it would be before I saw the Haliburton firefighting contract discussed here.

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[TheMojoPin]

But veering somewhat back onto topic...

Probe Sought of Pentagon Adviser Perle
Tue Mar 25, 5:16 PM ET

http://story.news.yahoo.com/news?tmpl=story&u=/nm/20030325/pl_nm/congress_perle_dc_2

This kinda stuff is everywhere, sadly.

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