Democrats are not Communists,

But Many Republicans are Morons!

On 10/31/10, Keith In Tampa <[email protected]> wrote:
> Robert Reich:  Admitted & Professed Communist.
>
> www.RobertReichSaysWhereAreMyQuaaludes.com<http://www.robertreichsayswherearemyquaaludes.com/>
>
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>
>
>
> On Sun, Oct 31, 2010 at 8:55 PM, Tommy News <[email protected]> wrote:
>
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>> http://www.opednews.com/articles/Halliburton-and-the-Upcomi-by-Robert-Reich-101029-29.html
>>
>>
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>> October 29, 2010 at 15:14:00
>>
>> Promoted to Headline (H2) on 10/29/10:     Permalink
>> Halliburton and the Upcoming Election
>>
>>
>>
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>>
>> SAVE AS FAVORITE
>> VIEW FAVORITES
>>  By Robert Reich (about the author)    Become a Fan   (11 fans)
>> For OpEdNews: Robert Reich - Writer
>>
>> Next Tuesday Americans will be deciding whether to hand over even more
>> of our government to corporations that have been plundering America --
>> such as Goldman Sachs, JP Morgan Chase, Citibank, Wellpoint insurance,
>> Massey Energy, and Halliburton, the giant oil services company.
>>
>> Not every large corporation is irresponsible, of course, but
>> plunderers that get away with it gain a competitive advantage over the
>> more responsible, and thereby lead a race to the bottom.
>>
>> Case in point: The staff of the presidential commission investigating
>> the BP oil spill has just revealed that Halliburton executives knew
>> the cement it was using to seal BP's Deepwater Horizon oil well was
>> likely to be unstable but didn't tell BP or act on the information.
>>
>> In a letter to the commission's seven members, the staff found that
>> the failure of the cement was a key factor in the blowout that caused
>> millions of barrels of crude oil to escape into the Gulf of Mexico.
>> (Not the sole factor, of course; most of the blame for the disaster,
>> says the staff, still rests with BP and Transocean, the company BP
>> hired to drill the well.)
>>
>> Halliburton has not sat out this election. Last May, as Congress began
>> investigating its role in the disaster, its political action committee
>> made 14 contributions -- 13 to Republicans and one to a Democrat. Many
>> were involved in the investigation; others had responsibility for
>> overseeing oil drilling in the Gulf. It was the biggest donation month
>> for Halliburton's PAC since September 2008.
>>
>> Halliburton, in case you've forgotten, is not exactly a model citizen.
>> It has evaded U.S. taxes and export bans through foreign subsidiaries;
>> admitted to bribing foreign officials (a subsidiary paid $2.4 million
>> to a Nigerian government official in exchange for favorable tax
>> treatment); conceded in an internal memo (leaked to the Wall Street
>> Journal) its cost controls for government contracts in Iraq were
>> "antiquated" and its procurement "disorganized; was found by Pentagon
>> auditors to have overcharged estimated at $27.4 million for meals
>> served to American troops at five military bases in Iraq and Kuwait
>> (in one camp billing for an average 42,000 meals a day but serving
>> only 14,000).
>>
>> The list of Halliburton's crimes goes on and on. And yet, somehow,
>> Halliburton goes on piling up profits. How? Because of its deep
>> connections to Washington.
>>
>> Dick Cheney hadn't had any experience in the oil business when he
>> became Halliburton's CEO in 1995. But he did have experience in
>> government -- as George H.W. Bush's Secretary of Defense. And those
>> military ties were invaluable to the company. Under his reign,
>> Halliburton rose from 73rd to 18th on the Pentagon's list of top
>> contractors, and the money garnered from government-sponsored agencies
>> (such as the Overseas Private Investment Corporation and the
>> Export-Import Bank) soared from $100 million in the five years prior
>> to Cheney's arrival to $1.5 billion a few years after.
>>
>> As vice president to George W. Bush, Cheney made sure Halliburton's
>> stunning performance would continue (Cheney continued to receive
>> checks from the company). According to congressional inquiries,
>> Cheney's vice presidential office was instrumental in forcing the
>> Environmental Protection Agency to remove sections on climate change
>> from reports in 2002 and 2003 (a process Christine Todd Whitman, then
>> the E.P.A. administrator, subsequently described as "brutal.") The
>> Bush-Cheney administration also sought to control or censor
>> congressional testimony about climate change by federal employees, and
>> tampered with other reports in order to inject uncertainty into the
>> climate debate.
>>
>> Which brings us back to the Deepwater Horizon blowout. Halliburton's
>> executives knew the cement it used to seal the well was filled with
>> mud -- but Halliburton said nothing presumably because doing the job
>> correctly would have cost too much. And, hell, Halliburton is in
>> business to make money.
>>
>> Halliburton isn't on the ballot next Tuesday, but it might as well be.
>>
>> http://robertreich.org/
>>
>> Robert Reich is Professor of Public Policy at the University of
>> California at Berkeley. He has served in three national
>> administrations, most recently as secretary of labor under President
>> Bill Clinton. He has written twelve books, including "The (more...)
>>
>> The views expressed in this article are the sole responsibility of the
>> author
>> and do not necessarily reflect those of this website or its editors.
>>
>>
>> Contact Author
>>
>>
>>
>> --
>> Together, we can change the world, one mind at a time.
>> Have a great day,
>> Tommy
>>
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-- 
Together, we can change the world, one mind at a time.
Have a great day,
Tommy

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