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CheshireCat Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-15-03 08:17 PM
Original message
Dems: Halliburton Overcharging for Gas
Dems: Halliburton Overcharging for Gas
2 hours, 18 minutes ago

By LARRY MARGASAK, Associated Press Writer

WASHINGTON - Halliburton, the Houston company with a no-bid contract to restore Iraq (news - web sites)'s oil industry, is charging U.S. taxpayers exorbitant prices to import gasoline into Iraq, two Democratic congressmen said Wednesday.

Reps. Henry Waxman, D-Calif., and John Dingell, D-Mich., wrote the Bush administration that the company's KBR subsidiary is billing the Army between $1.62 and $1.70 per gallon, while Iraqis are charged between 4 cents and 15 cents at the pump.

"Although Iraq has the second largest oil reserves in the world, the U.S. taxpayer is, in effect, subsidizing over 90 percent of the cost of gasoline sold in Iraq," the lawmakers said in the latest Democratic attacks against the company formerly led by Vice President Dick Cheney (news - web sites).

<snip>

Halliburton, originally hired to extinguish oil fires, has received the expanded role of restoring Iraq's oil industry. The company has been paid $1.4 billion through September for its work.

<snip>

Agency spokesman Robert Faletti said he could not confirm the figures that Waxman and Dingell cited in a letter to Joshua Bolten, director of the Office of Management and Budget.


http://story.news.yahoo.com/news?tmpl=story&cid=512&e=1...


War profiteering and ripping of American - it's what Haliburton does best!

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FauxNewsBlues Donating Member (420 posts) Send PM | Profile | Ignore Wed Oct-15-03 08:23 PM
Response to Original message
1. When will we democrats do something?
Mild protests seem so completely utterly a joke.

I swear, I want some democrat in the Senate to get on the floor every freaking day and ask for some justice for us.

We are being polite with evil. We should be ashamed.
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kimchi Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-15-03 09:43 PM
Response to Reply #1
2. At least Waxman and Dingell are making it part of the public record.
This really should cause a stir--Halliburton is overwhelmingly seen as a robber baron-even by those-who-will-not-see.

But .90 a gallon import fee? This is finally something concrete to bash people over the head with.
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Ksec Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-15-03 09:54 PM
Response to Reply #1
3. suggestions?
Im open. What should we do. Ive done everything like writing to congress, protest, scream at the top of my lungs...

Maybe we should form the biggest protest in the history of man in DC?
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Cocoa Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-15-03 09:56 PM
Response to Reply #1
4. see the link above...
the reason you know about this is beacuse of the Waxman letter.

John Edwards is airing commercials about Halliburton, as well.
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sonias Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-15-03 10:13 PM
Response to Original message
5. Waxman and Dingell are doing a great job
Now if the media would seriously hammer the bu$h oil regime on this daily and we really had a Congress that would do something about this rip off. Where is the outrage indeed?

Sonia
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w4rma Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-15-03 10:34 PM
Response to Original message
6. These robber barons must be stopped.
Robber Barons

I. Introduction

"Robber Barons": that was what U.S. political and economic commentator Matthew Josephson (1934) called the economic princes of his own day. Today we call them "billionaires." Our capitalist economy--any capitalist economy--throws up such enormous concentrations of wealth: those lucky enough to be in the right place at the right time, driven and smart enough to see particular economic opportunities and seize them, foresighted enough to have gathered a large share of the equity of a highly-profitable enterprise into their hands, and well-connected enough to fend off political attempts to curb their wealth (or well-connected enough to make political favors the foundation of their wealth).

Matthew Josephson called them "Robber Barons". He wanted readers to think back to their European history classes, back to thugs with spears on horses who did nothing save fight each other and loot merchant caravans that passed under the walls of their castles. He judged that their wealth was in no sense of their own creation, but was like a tax levied upon the productive workers and craftsmen of the American economy. Many others agreed: President Theodore Roosevelt--the Republican Roosevelt, president in the first decade of this century--spoke of the "malefactors of great wealth" and embraced a public, political role for the government in "anti-trust": controlling, curbing, and breaking up large private concentrations of economic power.

Ironically, it was Republican president Herbert Hoover who triggered the process. Hoover thought that Wall Street speculators were prolonging the Depression and refusing to take steps to restore prosperity. He threatened investigations to persuade New York financiers to turn the corner around which he was sure prosperity waited. Thus, as Franklin D. Roosevelt put it, "the money changers were cast down from their high place in the temple of our civilization." The Depression's financial market reforms act broke the links between board membership, investment banking, and commercial banking-based management of asset portfolios that had marked American finance before 1930. Investment bankers could no longer be commercial bankers. Depositors' money could not be directly used to support the prices of newly-issued securities. Directorates could not be interlocked: that bankers could not be on the boards of directors of firms that were their clients.

E. The Return of the Super-Rich

The years since 1980 have seen the return of the super-rich in the United States. Some of this is due to the great stock market boom of the past decade and a half, which has carried many of those who inherited their wealth and whose ancestors had never achieved "billionaire" status into the billionaire category. These are America's first true inherited aristocracy: the first generation of those with immense social and economic power who have inherited it.

More of the return of the super-rich is due to the blurring of the lines between financiers and corporate managers as the Depression-era order of American finance has fallen apart. It is once again possible to raise large sums of money and then direct them to suit one's own interest, rather than turning them over to salaried managers interested in perpetuating organizations.

http://econ161.berkeley.edu/Econ_Articles/carnegie/delo...
http://www.democraticunderground.com/discuss/duboard.ph...
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JackSwift Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-15-03 11:11 PM
Response to Original message
7. Gee Halliburton ripping off taxpayers?
Defense contractors ripping off government is as old as defense contractors. They steal as fast and as much as they can while they have a war to give them an excuse. They never know when they will be able to incite the next war. I generally think very little of Eisenhower as a politician, but he was dead on with his farwell address about the military industrial complex.
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proud patriot Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-15-03 11:28 PM
Response to Original message
8. Rate This Article Please
:wow:
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TahitiNut Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-16-03 09:20 AM
Response to Original message
9. duplicate
See http://www.democraticunderground.com/discuss/duboard.ph...

I'm locking this thread. Interested DUers are welcome to continue discussing this in the referenced thread.

Thank you for your understanding and cooperation,
TahitiNut - DU moderator
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