Halliburton Gave $4 Million to Politicians and Received 600 Percent Gain

[sabra]

http://releases.usnewswire.com/GetRelease.asp?id=73168

Halliburton Gave $4 Million to Politicians and Received 600 Percent Gain on Contracts Since 2000, HalliburtonWatch Says

WASHINGTON, Sept. 26 /U.S. Newswire/ -- Halliburton spent $4.6 million since 2000, buying influence in Washington via campaign donations and lobbying, a HalliburtonWatch analysis reveals.

The board of directors and their spouses personally gave $828,701 to candidates for Congress and the presidency while Halliburton's political action committees gave $1.2 million, most of it donated to Republicans and political organizations with strong Republican ties, according to the analysis.

The company spent an additional $2.6 million lobbying members of Congress, the White House and federal agencies.

Conclusion: Halliburton's $4.6 million in political arm- twisting since 2000 has paid-off magnificently as the company's government contracts ballooned by over 600 percent in value by the end of 2005, mostly because of the war in Iraq. Web: http://www.halliburtonwatch.org/reports/waxman0606.pdf

[dubyaD40web]

1. No surprise.....

[Amonester]

2. There's no bizness like no bid nests.

K&R

[lpbk2713]

3. And Deadeye Dick is laughing all the way to the bank.

They most definitely got a big bang for their buck. If this doesn't show cause for investigation of war profiteering after January 2009 I don't know what will.





In 2000, Halliburton was the 20th largest federal contractor, receiving $763 million in federal contracts. By 2005, Halliburton had grown to become the sixth largest federal contractor, receiving nearly $6 billion in federal contracts during that year.

Between March 2003 and June 30, 2006, Halliburton received $18.5 billion in revenue from the federal government for the war in Iraq.

The company has seen its profits in government contracting almost quadruple to $330 million in 2005 compared to $84 million in 2004.

During one quarter in 2005, Halliburton's war profits skyrocketed by 284 percent. Web:

[ACause]

4. I admit I did not have time to read the 101 pages of the report

But I'd be interested to know just what members of the Democratic Party accepted Halliburton funds, the quip from up top indicates it didn't go to only Republican/Republican interests. I'd like to know who if any Democrats are in bed with them?