Cheney's Halliburton stock up 3,281%
Everyone remember this little interview from way, way back in 2003 (you know, before indoor plumbing and motion pictures)?Â
MR. RUSSERT: Democrats have written you letters and are suggesting profiteering by your former company Halliburton and this is how it was reported: “Halliburton, the company formerly headed by Vice President Cheney, has won contrast worth more than $1.7 billion under Operation Iraqi Freedom and stands to make hundreds of millions more dollars under a no-bid contract awarded by the U.S. Army Corps of Engineers, according to newly available documents. The size and scope of the government contracts awarded to Halliburton in connection with the war in Iraq are significantly greater than was previously disclosed and demonstrate the U.S. military’s increasing reliance on for-profit corporations to run its logistical operations.†Were you involved in any way in the awarding of those contracts?Â
VICE PRES. CHENEY: Of course not, Tim. Tim, when I was secretary of Defense, I was not involved in awarding contracts. That’s done at a far lower level. Secondly, when I ran Halliburton for five years and they were doing work for the Defense Department, which frankly they’ve been doing for 60 or 70 years, I never went near the Defense Department. I never lobbied the Defense Department on behalf of Halliburton. The only time I went back to the department during those eight years was to have my portrait hung which is a traditional service rendered for former secretaries of Defense. And since I left Halliburton to become George Bush’s vice president, I’ve severed all my ties with the company, gotten rid of all my financial interests. I have no financial interest in Halliburton of any kind and haven’t had now for over three years. And as vice president, I have absolutely no influence of, involvement of, knowledge of in any way, shape or form of contracts led by the Corps of Engineers or anybody else in the federal government, so...
Well, I know this may come as a shock, but it turns out – eh, not so much. In fact, Cheney still holds nearly half a million Halliburton stock options which have risen 3,281% in the last year and are now valued at over $8 million.Â
Somehow I doubt that 200 years from now kids will be telling stories about Cheney and a cherry tree.