White House Disclosures Leads to Halliburton

While the months pass for US troops occupying Iraq, the financial value and taxpayer-funded cost of Halliburton's extensive Iraq contracts increase.

Halliburton, a huge global conglomerate in the oil field business, landed a non-competitive-bid contract for work in Iraq that now looks almost open-ended. The cost, recently reported by the New York Times at over $2 billion, has led to inquiries being sent to the Office of Management and Budget by Reps. Henry A. Waxman (D-Calif.) and John D. Dingell (D-Mich.).

Among other issues, Vice President Richard Cheney was head of Halliburton from 1995 to 2000 and may receive deferred compensation and other benefits (not yet calculated) from Halliburton for a period of five years, according to his 2001 financial disclosure statement. Cheney's "golden handshake," however, is not the administration's only link to Halliburton. The company's chief shareholders, whose top management can be predicted to benefit financially from war in Iraq, also have administration ties.

www.populist.com...

The shyte keeps getting deeper and deeper...

Haliburton is simply the best qualified company to handle the tasks ahead. IMHO the feds made a good call hiring a firm that they know will do it right, instead of a cut rate outfit that cannot handle the largess of the tasks at hand.

Stumpy, does that explain why they were the ONLY companies given a shot at the jobs? Or was it possibly because France, Germany and others refused to play ball in overthrowing a sovereign nation and destroying its property? You don't work for Bechtel do you?

stumpy

Capitalist to capitalist, my judgment is this:

Bush admin - did it right? NO. No no-bid contract should have been awarded, at all.

The contractor doing it right? NO. In fact, the performance is at the level of outrageous, in various terms including short term delivery of fast bucks.

However, that is what crony capitalism is about, and that's why it's happening. Crony capitalism is anti-competitive, unjust, uneconomic, criminal and rewarded with what the US economy will see next.

Check page 2 here:

www.abovetopsecret.com...

Well said, MA.