Halliburton

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Halliburton

Republican View on Halliburton (NYSE: HAL):
The US Army Logistics Augmentation Program--LOGCAP--is a multi-year super contract awarded by the dept of defense for complex jobs the military might need performed on short notice. Halliburton first won the competitive bidding for this contract in 1992 under the Clinton administration. One of Halliburton subsidiaries did work in Haiti, Somalia, and Bosnia.
In 1997 Halliburton lost the LOGCAP contract but the Clinton administration. still awarded a sole-source contract for work in the Balkans.
The next time the LOGCAP was awarded was in 1999 and Halliburton won the contract again. Gore and Clinton both wrote favorable assessments of the work that Halliburton did under LOGCAP. In 2001 Halliburton won the LOGCAP again.
Halliburton was once headed by Dick Cheney but he no longer has any monetary interest in the company and the Dept. of Defense does not consult the Vice Pres as to who they will award military contracts.
They could have awarded the contract to Morris Siding in Duncan, Oklahoma but Halliburton probably can better do the job. There should be oversight over Halliburton and over the Dept. of Defense at all times but with that oversight I for one am confident that Halliburton can do the job. Clinton thought so to.

The division of Halliburton that is doing the clean up in Iraq already had the LOGCAP contract before Bush got in office. They got the contract at least 4 of the last 5 times it was up for competitive bidding in the last decade. Allegations can be thrown at Cheney all day but there is no proof because Cheney as VP does not have anything to do with who the Dept. of Defense hires and this administration did not have anything to do with Halliburton getting the last contract. Of course all of this must be done with oversight no matter what administration it is.

Nancy Gray, MN (Republican)

Well, you Republicans have been right all along...the Clinton administration did make some mistakes. But at the time, the Vice President of the United States was not a person receiving deferred payments from Halliburton...if he had been, I think the Clinton administration would have bent over backwards to avoid the appearance of misfeasance.

In which case, maybe Billy Bob's Siding in Duncan, Oklahoma might have gotten the contract. Seriously, what's going on can be explained by the Republicans every which way from Sunday, but this ain't no Whitewater deal...this is real money and Cheney's in the middle of it. And Cheney's as close to brains as the Bush executive duo has.

If Cheney wants his old cronies from Halliburton to keep raking in the big bucks, then he should resign.

End of suspicions.

Hey, if Clinton could be impeached for lying about not even going "all the way", what the hell do you make of those folks in the White House now? How can you stand it and pretend it's okay? It's not even remotely close to ethical or decent. But they're not having sex, and I guess that's all that matters.

Love All, Macy, Key West, FL

You know I do not like Halliburton but do respect its employees risking their lives over in Iraq. Let's hope that they are making the kind of money the upper management is I do think there are two sides to everything and that Halliburton is one of those 'evil' companies and yes it probably is wrong to own anything Dick Cheney the evil man himself had anything to do with.

I do feel looking at the side of Oil and the side of Halliburton that they in some degree have a reason for charging so much-- they are taking a risk that you aren't. The employees of Halliburton are taking a huge risk over in Iraq -- this of course may not be the stockholders but you do have to feel for the employees. Let's hope they are being paid well and being treated with many shares of the evil empire.

The corruption that led to HAL getting all of these contracts in IRAQ should spell out corruption to the people of America but then again I do not exactly have the list of companies that would go over to that insane place. This leads me to Oil -- it is a business and they are paying high dollar, drilling deep-sea and investing big money to get this oil so you have to expect they will get what they want. Just like any other US business it should not be regulated to the point that it drives entrepreneurs to not be motivated

Dustin, Boston, MA

Blog Comments Answered:

These are just statements against free enterprise. Since Big Hal is responsible for a lot of the energy in the US, you should quit using energy related products. Hal was the only company with the expertise to work a lot of the jobs in Iraq -but you had rather spend more dollars on a company that can't do the job than one associated with a republican -as if all companies are not tied to politics -Hillary on the board of Wal-Mart. Oops! I guess that was before she realized free enterprise was bad for the US. Without investors like Cheney, you would have no big oil and no energy in the US.

"Halliburton was the only company with the expertise to work a lot of the jobs in Iraq"

On what evidence do you base this claim? How would you know if other companies lacked expertise? The point of a no-bid contract is that no other company gets to make a case for their ability. You tout the virtues of free enterprise; don't you see that no-bid contracts are the opposite of free enterprise?