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Halliburton paid $4 million to politicians for 600% gain...

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bridgit Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-27-06 09:29 AM
Original message
Halliburton paid $4 million to politicians for 600% gain...
...on contracts since 2000;

'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.
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.

In 2000, Halliburton was the 20th largest federal contractor, receiving $763 million in federal contracts. By 2005, Halliburton had grown to become the 6th 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.'

http://democracyrising.us/content/view/574/164/
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pooja Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-27-06 09:34 AM
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1. Should America buy stock and get back some of that money.
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bridgit Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-27-06 09:35 AM
Response to Reply #1
2. vote for republicans & buy defense stocks maybe...
:shrug: i do hear you talking though
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Amonester Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-27-06 09:57 AM
Response to Original message
3. There's no business like no-bid nest$.
And the MIC crooks always knew that for sure.
Their PNAC gangsters managed to implement it.

Using Lies, Lawless Manipulations and Intimidation.
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bridgit Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-27-06 07:27 PM
Response to Reply #3
7. like no bid'ness i know...
x(
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SOS Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-27-06 10:49 AM
Response to Original message
4. Cheney ripped off Halliburton
with Enron-style accounting between 1998 and 2001.
He cashed out at around $30 a share. Got himself $38 million in cash.
After auditors saw the fraudulent accounting Halliburton plummeted to $5.
Investor class action law suits were filed (and won) against Halliburton due to Cheney's miserable and crooked performance.
Cheney himself was not named in the suits because the plaintiffs figured they couldn't get the crook to testify.
Since Cheney started funneling no bid contracts to Halliburton, the stock went back up to $28.

For fun, chart HAL on a stock site for ten years. You can see Cheney's mismanagement quite clearly.
Now he has to bribe Congress and funnel no-bid contracts to halliburton in an effort to ameliorate the investors he ripped off in the late 1990s.
Free markets at their best!
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lonestarnot Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-27-06 10:51 AM
Response to Original message
5. Does this count the 21 bil. that's missing?
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bridgit Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-27-06 11:07 AM
Response to Reply #5
6. part of it i am sure...
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