Dick Cheney on Corporations
Vice President of the United States; Former Republican Representative (WY)
CNN FACT CHECK:The vice president received about $2 million in various benefits resulting from his former position as CEO of Halliburton Co., but he received the bulk of the compensation before he became vice president. Of the $2 million, $1.6 million came in January 200, after Cheney was elected but before he was sworn into office. The rest comes from a multiyear deferred salary package.
CNN FACT CHECK:The Pentagon did award a no-bid, or sole-source, contract to a Halliburton subsidiary, Kellogg Brown &Root in March 2003. However, a Congressional report aid the contract was "properly" awarded and that KBR was the "only contractor that was determined to be in a position to provide the services within the required time frame." The Kerry campaign estimates that the KBR oil reconstruction contract was worth proximately $7 billion, and the Defense Department estimates $8.2 billion. KBR also provides various logistical support in Iraq, Afghanistan and other countries under a competitively awarded contract granted in late 2001. In September 2004, the Pentagon announced it was considering breaking up part of the KBR logistical contract and accepting new bids in an effort to save money. Halliburton would be allowed to re-bid on the contract, but a company official said that it might not do so.
FACT CHECK: Cheney got the FactCheck.org domain name wrong-calling us "FactCheck.com"-and wrongly implied that we had rebutted allegations Edwards was making about what Cheney had done as chief executive officer of Halliburton. In fact, we did post an article pointing out that Cheney hasn't profited personally while in office from Halliburton's Iraq contracts, as falsely implied by a Kerry TV ad. But Edwards was talking about Cheney's responsibility for earlier Halliburton troubles. And in fact, Edwards was mostly right.
FACT CHECK: Cheney made a puffed-up claim that "900,000 small businesses will be hit" should Kerry and Edwards raise taxes on individuals making more than $200,000 a year, as they promise to do 900,000 is an inflated figure that results from counting every high-income individual who reports even $1 of business income as a "small business owner." Even Cheney and his wife Lynne would qualify as a "small business owner" under that definition because Mrs. Cheney reports income as a consultant. A better figure comes from the nonpartisan Tax Policy Center, which recently calculated that the Kerry tax increase would hit roughly 471,000 small employers. That's barely half the figure Cheney used.
The news was that Cheney had taken out the insurance policy. Instead, nourishing the conspiracy theories about Cheney and Halliburton fostered by the Democrats, newspapers said Cheney "defended" his assertion that he had no financial ties to Halliburton "even though he still receives deferred compensation from the Houston-based energy conglomerate."
Cheney stubbornly insists on defending his erstwhile company. "They get unfairly maligned," he said in the midst of these damning relevations, "simply because of their past association with me." No, they get maligned because they can't seem to keep themselves from gouging American taxpayers. It makes one wonder what the company would have to do for Cheney to feel criticism of Halliburton was justified.
Services performed by Halliburton include building and managing military bases and logistical support. Halliburton has emerged as the biggest single government contractor in Iraq. Interest in Halliburton was ignited by a routine Corps of Engineers announcement in March reporting that the company had been awarded a no-bid contract, with a $7 billion limit, for putting out fires at Iraqi oil wells. Corps spokesmen justified the lack of competition on the grounds that the operation was part of a classified war plan and the Army did not have time to secure competitive bids.
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George W. Bush
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|Adv: Avi Green for State Rep Middlesex 26, Somerville & Cambridge Massachusetts|