Hallburton: $4 million buys 600% gain in contracts since 2000

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

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

9/26/2006 10:34:00 AM

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

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.

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

[AndyA]

1. I'm sure it's all just a coincidence.

It would be illegal/unethical/wrong to accept campaign donations from a company, and then return the favor by rewarding that company with contracts. Right? I mean, how un-American can you get?

I'm sure that's not what happened.

:sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: :sarcasm: