rarely do I rant politically...
May. 29th, 2008 12:28 pm![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
grindmonkehI've been reading more and more about this shit on a daily basis, and decided to take a few minutes of time and summarize why we need to insist on Congressional Hearings, criminal investigations, or public lynchings of our fearless leaders.
The media reports on the following...but the government inaction speaks more loudly.
Halliburton charged with selling nuclear technology to Iran
Halliburton, the notorious U.S. energy company, sold key nuclear-reactor components to a private Iranian oil company called Oriental Oil Kish as recently as 2005, using offshore subsidiaries to circumvent U.S. sanctions. The story is particularly juicy because Vice President Dick Cheney, who now claims to want to stop Iran from getting nukes, was president of Halliburton in the mid-1990s, at which time he may have advocated business dealings with Iran, in violation of U.S. law.
Watch the C-Span video here:
As far as Halliburton's Involvement in Iraq?
Vice President Dick Cheney's stock options in Halliburton rose from $241,498 in 2004 to over $8 million in 2005, an increase of more than 3,000 percent, as Halliburton continues to rake in billions of dollars from no-bid/no-audit government contracts.
An analysis released by Senator Frank Lautenberg (D-NJ) reveals that as Halliburton's fortunes rise, so do the Vice President's. Halliburton has already taken more than $10 billion from the Bush-Cheney administration for work in Iraq. They were also awarded many of the unaccountable post-Katrina government contracts, as off-shore subsidiaries of Halliburton quietly worked around U.S. sanctions to conduct very questionable business with Iran (See Story #2). "It is unseemly," notes Lautenberg, "for the Vice President to continue to benefit from this company at the same time his administration funnels billions of dollars to it."
According to the Vice President's Federal Financial Disclosure forms, he holds the following Halliburton stock options:
100,000 shares at $54.5000 (vested), expire December 3, 2007
33,333 shares at $28.1250 (vested), expire December 2, 2008
300,000 shares at $39.5000 (vested), expire December 2, 2009
The Vice President has attempted to fend off criticism by signing an agreement to donate the after-tax profits from these stock options to charities of his choice, and his lawyer has said he will not take any tax deduction for the donations. However, the Congressional Research Service (CRS) concluded in September 2003 that holding stock options while in elective office does constitute a "financial interest" regardless of whether the holder of the options will donate proceeds to charities. Valued at over $9 million, the Vice President could exercise his stock options for a substantial windfall, not only benefiting his designated charities, but also providing Halliburton with a tax deduction.
CRS also found that receiving deferred compensation is a financial interest. The Vice President continues to receive deferred salary from Halliburton. While in office, he has received the following salary payments from Halliburton:
Deferred salary paid by Halliburton to Vice President Cheney in 2001: $205,298
Deferred salary paid by Halliburton to Vice President Cheney in 2002: $162,392
Deferred salary paid by Halliburton to Vice President Cheney in 2003: $178,437
Deferred salary paid by Halliburton to Vice President Cheney in 2004: $194,852
(The CRS report can be downloaded at: http://lautenberg.senate.gov/Report.pdf)
These CRS findings contradict Vice President Cheney's puzzling view that he does not have a financial interest in Halliburton. On the September 14, 2003 edition of Meet the Press in response to questions regarding his relationship with Halliburton, where from 1995 to 2000 he was employed as CEO, Vice President Cheney said, "Since I left Halliburton to become George Bush's 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."
Comment: A similar undercovered story of conflicting interest and disaster profiteering by those in the top echelon of the U.S. Government is of Defense Secretary Donald Rumsfeld's connections to Gilead Sciences, the biotech company that owns the rights to Tamiflu—the influenza remedy that is now the most-sought after drug in the world. This story was brought forward by Fortune senior writer, Nelson D. Schwartz, on October 31, 2005 in an article titled "Rumsfeld's growing stake in Tamiflu," and by F. William Engdahl for GlobalResearch, on October 30, 2005, in an article titled "Is avian flu another Pentagon hoax?"
Rumsfeld served as Gilead's chairman from 1997 until he joined the Bush administration in 2001, and he still holds a Gilead stake valued at between $5 million and $25 million, according to Federal Financial Disclosures filed by Rumsfeld.
The forms don't reveal the exact number of shares Rumsfeld owns, but whipped up fears of an avian flu pandemic and the ensuing scramble for Tamiflu sent Gilead's stock from $35 to $47 in 2005, making the Pentagon chief, already one of the wealthiest members of the Bush cabinet, at least $1 million richer.
What's more, the federal government is emerging as one of the world's biggest customers for Tamiflu. In July 2005, the Pentagon ordered $58 million worth of the treatment for U.S. troops around the world, and Congress is considering a multibillion dollar purchase. Roche expects 2005 sales for Tamiflu to total at about $1 billion, compared with $258 million in 2004.
UPDATE BY JOHN BYRNE
The media has routinely downplayed Cheney's involvement and financial investment in Halliburton, one of the largest U.S. defense contractors that received supersized no-bid contracts in Iraq. Ultimately, the importance of the story is that the Vice President of the U.S. is able to use his position of power to reap rewards for his former company in which he has a financial investment. Halliburton may also benefit from a chilling effect in which the Pentagon is more likely to favor Cheney's firm to seek favor with the White House.
Cheney continues to hold 433,333 Halliburton stock options, and receives a deferred salary of about $200,000 a year. According to Cheney's most recent tax returns, he held $2.5 million in retirement accounts, much of which likely came from his former defense firm.
Cheney recently filed disclosure reports that show he is valued at $94 million.
Senator Lautenberg's disclosure, brought forward by Raw Story, received no mainstream coverage. While the press has often noted that Cheney was formerly Halliburton's CEO, they routinely fail to mention how much money he accrued from the firm during his service there. They also fail to mention that he continues to receive a pension.
RawStory.com regularly reports on Halliburton and contracts awarded to the company. SourceWatch.org also has a good library of resources on Halliburton and other defense contractors as well as the Vice President.Another way to get involved is to contact your local senator or representatives about your concerns, and to ask them to push the Vice President to sell his stock options in Halliburton.
I had to laugh at the last sentence...while the gesture is appropriate, it's a huge compromise. ASK HIM TO SELL (AND MAKE MORE MONEY) his stock options? Fuck that...ask for criminal charges. Any one of us would be detained indefinitely for treason if we pulled any of this shit.
Cheney insisted in 1994 that invading Iraq would be a Quagmire.
The only thing that has changed within the last decade is his influence on who gets the contractual bids from the government (see: Halliburton).
Not that any of this kind of thing is new among Bush, his friends, and his family. None of this shit (as I'll assume you're informed) is new at all, but I only recently learned about the following.
Google "PRESCOTT BUSH NAZIS" and you'll find more information than you can read in a day. Prescott Bush is the Great Grandfather of George W. Bush, and to Summarize, Prescott pulled similar shit before George and Dick were even thought of. He made an emperical fuckton of money (1.5 million in 1951 after his assets from the war were released) from the Nazis and thought it would be a good idea to install a Fascist government. The Bush bank helped the Thyssens make the Nazi steel that killed Allied solders. As bad as financing the Nazi war machine may seem, he aided and abetted the Holocaust as well. Thyssen's coal mines used Jewish slaves as if they were disposable chemicals. Bush and Thyssen were tight. So were Thyssen and Hitler. That fuckton of money is the Bush family fortune.
Prescott Sheldon Bush (1895 to 1972) attended Yale University and joined the secret society known as Skull and Bones. Prescott is widely reported to have stolen the skull of Native American leader Geronimo. As far as I know, this has not actually been confirmed. In fact, Prescott seems to have had a habit of making things up. He sent letters home from World War I claiming he'd received medals for heroism. After the letters were printed in newspapers, he had to retract his claims.
If this does not yet sound like the life of a George W. Bush ancestor, try this on for size: Prescott Bush's early business efforts tended to fail. He married the daughter of a very rich man named George Herbert Walker (the guy with the compound at Kennebunkport, Maine, that now belongs to the Bush family, and the origin of Dubya's middle initial). Walker installed Prescott Bush as an executive in Thyssen and Flick. From then on, Prescott's business dealings went better, and he entered politics.
Now, the name Thyssen comes from a German named Fritz Thyssen, major financial backer of the rise of Adolph Hitler. Thyssen was referred to in the New York Herald-Tribune as "Hitler's Angel." During the 1930s and early 1940s, and even as late as 1951, Prescott Bush was involved in business dealings with Thyssen, and was inevitably aware of both Thyssen's political activities and the fact that the companies involved were financially benefiting the nation of Germany. In addition, the companies Prescott Bush profited from included one engaged in mining operations in Poland using slave labor from Auschwitz. Two former slave laborers have sued the U.S. government and the heirs of Prescott Bush for $40 billion.
Until the United States entered World War II it was legal for Americans to do business with Germany, but in late 1942 Prescott Bush's businesses interests were seized under the Trading with the Enemy Act. Among those businesses involved was the Hamburg America Lines, for which Prescott Bush served as a manager. A Congressional committee, in a report called the McCormack-Dickstein Report, found that Hamburg America Lines had offered free passage to Germany for journalists willing to write favorably about the Nazis, and had brought Nazi sympathizers to America. (Is this starting to remind anyone of our current president's relationship to the freedom of the press?)
The McCormack-Dickstein Committee was established to investigate a homegrown American fascist plot hatched in 1933. Here's how the BBC promoted its recent story:
"Document uncovers details of a planned coup in the USA in 1933 by right-wing American businessmen. The coup was aimed at toppling President Franklin D Roosevelt with the help of half-a-million war veterans. The plotters, who were alleged to involve some of the most famous families in America, (owners of Heinz, Birds Eye, Goodtea, Maxwell Hse & George Bush's Grandfather, Prescott) believed that their country should adopt the policies of Hitler and Mussolini to beat the great depression. Mike Thomson investigates why so little is known about this biggest ever peacetime threat to American democracy."
Actually, if you listen to the 30-minute BBC story, there is not one word of so much as speculation as to why this story is so little known. I think a clue to the answer can be found by looking into why this BBC report has not led to any U.S. media outlets picking up the story this week.
I'm tired of choking on this seemingly cyclical bullshit, and these headlines are served up with every daily newsfeed and nothing is done.
I'm contacting our representative and demanding action. You can do it easily here.
Share this information with anyone who might do the same. Ask why our administration has been allowed to run by not only unethical but criminal businessmen without intervention or prosecution. Let them know that if they won't hold the Executive office accountable, then we'll hold them accountable on election day.
Breaking news on Tuesday's Countdown, as Keith Olbermann reveals that former Senator Phil Gramm, a general co-chair of Senator John McCain's campaign, actually lobbied Congress on behalf of financial giant UBS to try and stop legislation aimed at installing industry regulations that could have prevented the current mortgage foreclosure crisis...
*cough*
![[identity profile]](https://www.dreamwidth.org/img/silk/identity/openid.png){kind=small}
(no subject)
Date: 2008-05-30 06:03 am (UTC)Good thoughts. I'd write more but I'm going to bed.
(no subject)
Date: 2008-05-31 06:00 pm (UTC)(no subject)
Date: 2008-06-01 03:23 am (UTC)http://www.msnbc.msn.com/id/7119752/
http://www.nytimes.com/2007/05/01/washington/01halliburton.html
Officials of the company, which recently announced it was moving its chief executive from Houston to Dubai and establishing a corporate headquarters there, determined that it was legal for independent foreign subsidiaries of United States companies to do business there, she said.
They apparently may be walking the perimeter of the law through subsidiary companies. I applaud their genius...ethics and morals be damned and circumvented.
(no subject)
Date: 2008-06-03 01:41 pm (UTC)