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Monday, February 27, 2006
Continuing Lies About Halliburton/Cheney Connection--Updated!

RJ Eskow of the Huffington Post repeats the usual canard that what's good for Halliburton is good (financially) for Vice President Cheney.

Unnamed Pentagon officials (wonder who?) rode roughshod over Army auditors and paid Halliburton for charges that were initially rejected by auditors as gross overbilling and mismanagement. That's a great financial boon for Dick Cheney, and very possibly for Katherine Armstrong's family too.

This article from a few years back ran through Cheney's remaining ties to Halliburton.

Democrats pointed out that Cheney receives deferred compensation from Halliburton under an arrangement he made in 1998, and also retains stock options. He has pledged to give after-tax proceeds of the stock options to charity.

Cheney's aides defended the assertion on NBC, saying the financial arrangements do not constitute a tie to the company's business performance. They pointed out that Cheney took out a $15,000 insurance policy so he would collect the deferred payments over five years whether or not Halliburton remains in business.

Cathie Martin, Cheney's spokeswoman, said the question is whether Cheney has any possible conflict of interest with Halliburton, "and the answer to that is, no."

If Halliburton goes belly up tomorrow, Cheney loses not a penny. If Halliburton overtakes Microsoft in the stock market, Cheney makes not a penny.

Update: Eskow has retracted his claim that Cheney would benefit personally.
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