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(Yahoo)   Let's see: Cheney resigned from Halliburton, divested all stock into a trust and Halliburton's contracts have all been cancelled. But let's write another column biatching about evil, greedy Halliburton anway   (news.yahoo.com) divider line
    More: Stupid  
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396 clicks; posted to Politics » on 24 Oct 2006 at 12:43 PM (16 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



153 Comments     (+0 »)


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2006-10-24 11:37:16 AM  
So it's only Cheney's involvement that makes Halliburton evil. Right. Didn't think that all the way through, did we subby?
 
2006-10-24 11:47:25 AM  
I do believe he might still have friends there, subby. Plus he got a sweet golden parachute when he left. I'm sure Cheney felt just terrible while Halliburton was doing business illegally with Iran, and feels equally terrible while the same company fails to account for millions and millions of our tax dollars.
 
2006-10-24 11:49:48 AM  
Subby Subby Subby... divested all stock into a trust does not mean he sold it therefore will not profit after the stock price rises. He profited quite well and still is today.
 
2006-10-24 11:51:29 AM  
Nor is the company somehow now magically disengaged from government contracts. Critically think much, subby?
 
2006-10-24 11:59:21 AM  
submitter: Let's see

Good thing we do... because you seem to be pretty damn blind.
 
2006-10-24 12:04:59 PM  
wasn't clinton the first to give a no bid contract to halliburton?
 
2006-10-24 12:10:57 PM  
foster404 -

That could very well be, but that wouldn't be the issue now, would it?
 
2006-10-24 12:14:15 PM  
EconAtheist: "That could very well be,"


What other companies are equipped to do the same type of international work, often in hostile areas in addition to Halliburton?
 
2006-10-24 12:38:23 PM  
tgot: What other companies are equipped to do the same type of international work, often in hostile areas in addition to Halliburton?

If only there were some process where by the federal government could solicit other businesses to provide quotes for a body of work so that we could discover what other organizations might have that capability. Perhaps, some time in the distant future, we might have a regulation which required federal contracts to use such a process for finding the best price vs. quality of product or service.
 
2006-10-24 12:45:07 PM  
subby, when did you stop going by submitter?
 
2006-10-24 12:47:30 PM  
TGOT = pwned.
 
2006-10-24 12:47:36 PM  
What other companies are equipped to do the same type of international work, often in hostile areas in addition to Halliburton?

You mean in hostile areas like Iran?
 
2006-10-24 12:49:38 PM  
the_gospel_of_thomas

do you ever think out your own bullshiat? Jesus you come across like a dolt.
 
2006-10-24 12:52:21 PM  
Dumbest. Submitter. Evar.
 
2006-10-24 12:53:56 PM  
Made it to "but Clinton" in 6 posts!

/Subby, you're doing a heck of a job!
 
2006-10-24 12:56:47 PM  
"The first LOGCAP was awarded in 1992, as the first Bush administration (including then-Secretary of Defense Cheney) was leaving office. Four companies competed, and the winner was Brown & Root, as it was known at the time (Halliburton changed the name to Kellogg Brown & Root after an acquisition in 1998). The multi-year contract was in effect during much of the Clinton administration. During those years, Brown & Root did extensive work for the Army under the LOGCAP contract in Haiti, Somalia, and Bosnia; contract workers built base camps and provided troops with electrical power, food, and other necessities.

In 1997, when LOGCAP was again put up for bid, Halliburton/Brown & Root lost the competition to another contractor, Dyncorp. But the Clinton Defense Department, rather than switch from Halliburton to Dyncorp, elected to award a separate, sole-source contract to Halliburton/Brown & Root to continue its work in the Balkans. According to a later GAO study, the Army made the choice because 1) Brown & Root had already acquired extensive knowledge of how to work in the area; 2) the company "had demonstrated the ability to support the operation"; and 3) changing contractors would have been costly. The Army's sole-source Bosnia contract with Brown & Root lasted until 1999. At that time, the Clinton Defense Department conducted full-scale competitive bidding for a new contract. The winner was . . . Halliburton/Brown & Root. The company continued its work in Bosnia uninterrupted.

That work received favorable notices throughout the Clinton administration. For example, Vice President Al Gore's National Performance Review mentioned Halliburton's performance in its Report on Reinventing the Department of Defense, issued in September 1996. In a section titled "Outsourcing of Logistics Allows Combat Troops to Stick to Basics," Gore's reinventing-government team favorably mentioned LOGCAP, the cost-plus-award system, and Brown & Root, which the report said provided "basic life support services - food, water, sanitation, shelter, and laundry; and the full realm of logistics services - transportation, electrical, hazardous materials collection and disposal, fuel delivery, airfield and seaport operations, and road maintenance."

In 2001, after the Bush administration came into office, the giant LOGCAP contract expired again and another competition was held. Once again, Halliburton won the contract, and it was under that arrangement that the Iraqi-oilfield analysis was done. As the record shows, Halliburton won big government contracts under the Clinton administration, and it won big government contracts under the Bush administration. The only difference between the two is that Henry Waxman is making allegations of favoritism in the Bush administration, while he appeared untroubled by the issue during the Clinton years."


http://www.nationalreview.com/york/york070903.asp


User927= ignorant and uninformed on matters that involve the truth.
 
2006-10-24 12:57:28 PM  
schiefaw: Made it to "but Clinton" in 6 posts!

And by someone with a nickname that is a ( I believe ) a Vince Foster reference.
 
2006-10-24 12:58:01 PM  
Cheney also has a lot of deferred compensation coming to him.
 
2006-10-24 12:59:17 PM  
the_gospel_of_thomas: As the record shows, Halliburton won big government contracts under the Clinton administration, and it won big government contracts under the Bush administration.

Buh buh buh.

Look, let's face it. To avoid any fingerpointing or conflict of interest, the honorable thing to do was hire another contracting outfit with ZERO Cheney involvement.

Another arrogant bit of stubbornness indicative of this administration. They don't have to apologize or kowtow to anyone, least of all the people that elected them.
 
2006-10-24 12:59:29 PM  
Fark the comments section, lets just start having entire arguments in headlines like Subbie here somehow managed to get greenlit.
 
2006-10-24 1:02:10 PM  
the_gospel_of_thomas
ignorant and uninformed on matters that involve the truth.

LOL, that is SO my new line.

"Waiter, I ordered this sundae with no peanuts! YOU ARE IGNORANT AND UNINFORMED ON MATTERS THAT INVOLVE THE TRUTH!"
 
2006-10-24 1:02:13 PM  
TGOT

Wouldn't it just have been easier to post "but Clinton"?
 
2006-10-24 1:03:43 PM  
SirCodeAlot: Subby Subby Subby... divested all stock into a trust does not mean he sold it therefore will not profit after the stock price rises. He profited quite well and still is today.

All of Cheney's future stock option profits were assigned to charity days before he took office. He gets no money from Halliburton. All profits go to charity.
 
2006-10-24 1:03:50 PM  
whidbey: Look, let's face it. To avoid any fingerpointing or conflict of interest, the honorable thing to do was hire another contracting outfit with ZERO Cheney involvement.

Who? I've read in multiple places other than NRO that no company exists that can fulfill most of the reconstruction contracts awarded to Halliburton.
 
2006-10-24 1:05:15 PM  
the_gospel_of_thomas: What other companies are equipped to do the same type of international work, often in hostile areas in addition to Halliburton?

If Haliburton is the only company that can do the job, what possible harm is there in an open bidding process?
 
2006-10-24 1:05:49 PM  
mrexcess: "Waiter, I ordered this sundae with no peanuts! YOU ARE IGNORANT AND UNINFORMED ON MATTERS THAT INVOLVE THE TRUTH!"

Hah.

And, "I'll tell you the secrets of what I like on my sundae...secrets that the liberal media doesn't want you to know!".
 
2006-10-24 1:06:41 PM  
submitter drinks the Kool-Aid.....
 
2006-10-24 1:08:22 PM  
The CraneMeister: I've read in multiple places other than NRO that no company exists that can fulfill most of the reconstruction contracts awarded to Halliburton.

That's the line of BS that keeps being used to justify this mafia-style connection.

I'm sure the business community would disagree with you, and outfits are chomping at the bit to place bids.

That's right. BIDS. The way you're SUPPOSED to do business.
 
2006-10-24 1:09:31 PM  
Oh c'mon they made 5.8 billion in the third quarter.

We only lost what? maybe 400-500 soldiers in that timeframe?

That's roughly 116 million per man.

At this rate we will be out debt in no time.

Stay the course gentlemen. For our childrens future.
 
2006-10-24 1:12:18 PM  
Arnold T Pants
All of Cheney's future stock option profits were assigned to charity days before he took office. He gets no money from Halliburton. All profits go to charity.

Um, he still holds 50,000 shares worth. I think you might want to reconsider your meme.
 
2006-10-24 1:12:41 PM  
whidbey: I'm sure the business community would disagree with you, and outfits are chomping at the bit to place bids.

So name one. Last I heard they DID open for bids, and Halliburton was still the only company that could fulfill the contract.
 
2006-10-24 1:13:44 PM  
dogfood: Oh c'mon they made 5.8 billion in the third quarter.

Yeah. Evildoers. We demand that only incompetent businesses that LOSE money and are incapable of fulfilling their contracts be allowed to work for the government!
 
2006-10-24 1:14:04 PM  
tgot -

Do you get tired of sitting alone in the basement and repeatedly punching yourself in the face, then simply come in here for more of the same?
 
2006-10-24 1:15:50 PM  
Close, dogfood, but that's actually $11.6 million per man. Drop in the bucket, really.

Hey, you know, if we lose 5000 soldiers in a quarter, does that mean Halliburton will make $58 billion?!

Sigh. So much corruption, it's impossible to care anymore.
 
2006-10-24 1:15:54 PM  
The CraneMeister: Last I heard they DID open for bids, and Halliburton was still the only company that could fulfill the contract.

Then obviously there's still an interest to keep the same sloppy nepotism in action.

So name one.

For that matter, you could probably PUT ONE TOGETHER using the best and brightest. The point is that Halliburton's gotten such a bad reputation, they should be avoided.

But quality is not what this administration is about, it's clearly about pissing off people and alienating supporters and those they would call friend.
 
2006-10-24 1:16:48 PM  
EconAtheist: Do you get tired of sitting alone in the basement and repeatedly punching yourself in the face, then simply come in here for more of the same?

All the cool kids are doing it.
 
2006-10-24 1:17:16 PM  
Did anyone actually read the article. Man, The Huffington Post produces nothing but crap. The article said absolutely nothing.

"Here's a quote from an analyst. Do you think Cheney is deeply connected with Halliburton? Of course you do. You alwasy have. You read the Huffington Post. We'll give you what you want to hear with nothing to back it up!!!"
 
2006-10-24 1:18:38 PM  
Arnold T Pants: Do you think Cheney is deeply connected with Halliburton? Of course you do. You alwasy have

So the solution is to cut connections with Halliburton just to make everyone shut up about it.

Why is admitting error so goddamned difficult with this administration?
 
2006-10-24 1:19:25 PM  
 
2006-10-24 1:19:51 PM  
whidbey: The CraneMeister: Last I heard they DID open for bids, and Halliburton was still the only company that could fulfill the contract.

Then obviously there's still an interest to keep the same sloppy nepotism in action.


Lemme make sure I follow this:

You: "Halliburton got the contract through nepotism with no bidding!"

Me: "But there WAS bidding."

You: "Of course! It's all a sham! They won the bidding through nepotism!"
 
2006-10-24 1:20:09 PM  
http://www.halliburtonwatch.org/

sorry no linky-fu.
 
2006-10-24 1:20:55 PM  
Fart_Machine: Um, he still holds 50,000 shares worth. I think you might want to reconsider your meme.

The number doesn't matter. All of his stock option profits were assigned to charity. This is old news.
 
2006-10-24 1:21:40 PM  
The CraneMeister: Me: "But there WAS bidding."

Halliburton Defends No-bid Iraq Contract.
 
2006-10-24 1:23:11 PM  
whidbey: So the solution is to cut connections with Halliburton just to make everyone shut up about it.

If only Cheney had taken steps in this direction. If only he had done something, like, say, resign from the company.

If only he had then divested his stocks into a blind trust and not voted against them anymore, thus not throwing away the money he worked for, yet completely removing himself from any decision-making or management at the company.

If only the Pentagon created and awarded such contracts through some sort of open, predefined process over which the White House has no control.

If these things were only true I'm sure all these conspiracy theories and suspicion would just go away.
 
2006-10-24 1:24:51 PM  
 
2006-10-24 1:24:51 PM  
whidbey: The CraneMeister: Me: "But there WAS bidding."

Halliburton Defends No-bid Iraq Contract.


I know some of the Iraq contracts were no-bid.

I'm also aware that Halliburton has also won many contracts through the standard bidding process as well. Are you?

Just pointing out that this myth about them getting all their contracts with no bidding is just that--a myth.
 
2006-10-24 1:25:21 PM  
(whidbey: I'm sure the business community would disagree with you, and outfits are chomping at the bit to place bids.)

The CraneMeister: "So name one. Last I heard they DID open for bids, and Halliburton was still the only company that could fulfill the contract."


Well, "Dyncorp" would be one, ( not that he or anyone else flailiang against Halliburon would be aware of their competetors in the first place ) but as linked above, their capabilities are inferior to Halliburton, and that's why Halliburton is most often picked to do the job.

You see, people who are ignorant about this, draw on thier own experiences to imagine what is going on. They can go to the store over here, or over there to get what they want. In the case of what Halliburton does ... the government would have to hire two or three other companies to do what Halliburton can ( or, the other companies would hire the services of Halliburton subsidiaries to get the job done, as contracted to the government. ) When the government needs something like this done, there are few real entities to choose from, besides the obvious choice.
 
2006-10-24 1:25:52 PM  
I wonder who the benficiary of that trust is.
 
2006-10-24 1:26:12 PM  
whidbey: So the solution is to cut connections with Halliburton just to make everyone shut up about it.

Why is admitting error so goddamned difficult with this administration?


He is giving all profits to charity. What is so difficult about admitting that he did something right?
 
2006-10-24 1:28:01 PM  
Arnold T Pants

he number doesn't matter. All of his stock option profits were assigned to charity. This is old news.

What the heck is a stock option profit? Until you exercise your options, you got nothing. He would need to just give the options away entirely. Otherwise, he can claim to be giving all the "profits" to charity, and not cash the options in until after he leaves office.

That said, I believe there is something in place that keeps him from ever getting money from his stock options. But, the story I saw was years ago.
 
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