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Originally posted by biggie smalls
reply to post by BlueRaja
Cheney's stock in Halliburton went up, not to mention all of his oil buddies are reaping the benefits of a "free market" system in Iraq.
Follow the money trail...
A report by the Congressional Research Service undermines Vice President Dick Cheney's denial of a continuing relationship with Halliburton Co., the energy company he once led, Sen. Frank Lautenberg said Thursday.
The report says a public official's unexercised stock options and deferred salary fall within the definition of "retained ties" to his former company.
Cheney said Sunday on NBC that since becoming vice president, "I've severed all my ties with the company, gotten rid of all my financial interest. I have no financial interest in Halliburton of any kind and haven't had, now, for over three years."
Cheney served as chief executive of Halliburton until he stepped down to become George W. Bush's running mate in the 2000 presidential race. Today he still draws compensation of up to a million dollars a year from the company, although his spokesperson denies that the White House helped the company win the contract.
Meanwhile Dick Cheney's 2001 financial disclosure statement, states that the Halliburton is paying him a "deferred compensation" of up to $1million a year following his resignation as chief executive in 2000. At the time Cheney opted not to receive his severance package in a lump sum, but instead to have it paid to him over five years, possibly for tax reasons.
The company would not say how much the payments are. The obligatory disclosure statement filled by all top government officials says only that they are in the range of $100,000 and $1million. Nor is it clear how they are calculated.
In 1998, Cheney oversaw Halliburton's acquisition of Dresser Industries Inc., the unit that sold oil equipment to Iraq through two subsidiaries of a joint venture with another large U.S. equipment maker, Ingersoll-Rand Co.
The Halliburton subsidiaries, Dresser-Rand and Ingersoll Dresser Pump Co., sold water and sewage treatment pumps, spare parts for oil facilities and pipeline equipment to Baghdad through French affiliates from the first half of 1997 to the summer of 2000, U.N. records show.
Cheney continues to hold 433,333 Halliburton stock options.
Cheney continues to received a deferred salary from the company. According to financial disclosure forms, he was paid $205,298 in 2001; $262,392 in 2002; $278,437 in 2003; and $294,852 in 2004.
Just as Cheney's wild claims about weapons of mass destruction turned out to be untrue and his claim that Halliburton had no ties to Saddam Hussein was bogus, his denial about profiting from Halliburton as vice president was also a bald-face lie. So while Cheney denied any relationship with Halliburton as vice president, he conveniently forgot to mention that he continues to receive from the company deferred salary of over $150,000 while maintaining 433,333 shares of unexercised stock options. Certainly, Cheney has a "financial interest in Halliburton" while working as vice president.
The Americans had been trying to link Saddam to the 9/11 attacks; but the British knew the evidence was flimsy or non-existent. Dearlove warned the meeting that “the intelligence and facts were being fixed around the policy”. It was clear from Dearlove’s brief visit that the US administration’s attitude would compound the legal difficulties for Britain. The US had no patience with the United Nations and little inclination to ensure an invasion was backed by the security council, he said. Nor did the Americans seem very interested in what might happen in the aftermath of military action. Yet, as Boyce then reported, events were already moving swiftly. “CDS (chief of the defence staff) said that military planners would brief (Donald) Rumsfeld (US defence secretary) on 3 August and Bush on 4 August.”
It was – and is – called Project For A New American Century. This was a group made up of, among others, Donald Rumsfeld and Paul Wolfowitz – then not officeholders.
This group sat down and plotted their course of action to dominate the word through use of unilateral preemptive force. On Jan 26, 1998, they sent at letter to then President Clinton which said the following:
“The only acceptable strategy is one that eliminates the possibility that Iraq will be able to use or threaten to use weapons of mass destruction. In the near term, this means a willingness to undertake military action as diplomacy is clearly failing.
In the long term, it means removing Saddam Hussein and his regime from power. That now needs to become the aim of American foreign policy.
The industry-favoured plan was pushed aside by a secret plan, drafted just before the invasion in 2003, which called for the sell-off of all of Iraq's oil fields. The new plan was crafted by neo-conservatives intent on using Iraq's oil to destroy the Opec cartel through massive increases in production above Opec quotas.
President Bush defiantly defended the Iraq war as U.S. troops began a sixth year of combat in the long and costly conflict that has dominated his presidency. Bush conceded the war has been harder and more expensive than anticipated but insisted it has all been necessary to keep Americans safe.
Protesters marked the anniversary of the U.S. invasion with demonstrations near the White House and in other cities, though they seemed to lack the fervor of those that preceded the war.
Bush, in a speech at the Pentagon Wednesday, offered some of his boldest assessments of progress and said the war's legacy is absolute: "The world is better, and the United States of America is safer."
Originally posted by BlueRaja
reply to post by biggie smalls
A few million dollars to someone that is already a millionaire is motive to kill 3000 Americans though, which is what many here would have us believe? The money he made before the invasion can hardly be called war profiteering. What I am interested in seeing is the evidence of how much he's made after the invasion.