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Thread: Dick Cheney

  1. #1
    [img]http://i.a.cnn.net/cnn/2004/ALLPOLITICS/09/01/gop.cheney/vert.cheney.ap.jpg[/img]

    is there anyone this country hates more than Dick Cheney?

    He's the paul hackett of the political world :lol:

    all you Bush voters can stand tall on spreading freedom or whatever but can anyone honestly explain this crook and how he runs the white house? the man is a disgrace :ph34r:

    HALLIBURTON KBR

    Michael Moore made up the FACT that Cheney used to run that company that "rebuilds" Iraq?

    note the use of quotes cause that's sarcasm. Iraq rebuilding has been a great success... :blink:

  2. #2
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    You guys are embarassing yourselves. Seriously.

  3. #3
    DemoRats are LIARS.....

    Lurch Campaign Ad:
    ---------------------------------
    Kerry-Edwards Ad

    "Cheney Halliburton"

    Cheney: I have no financial interest in Halliburton of any kind and haven't had now for over three years.

    Announcer: The truth: As vice president, Dick Cheney received $2 million from Halliburton. Halliburton got billions in no bid contracts in Iraq. Dick Cheney got $2 million. What did we get? A $200 billion dollar bill for Iraq. Lost jobs. Rising health care costs. It's time for a new direction.

    John Kerry. Stronger at home. Respected in the world.

    Announcer: I'm John Kerry, and I approve this message.

    ------------------------------------------------------------

    The Truth:

    A Kerry ad implies Cheney has a financial interest in Halliburton and is profiting from the company's contracts in Iraq. The fact is, Cheney doesn't gain a penny from Halliburton's contracts, and almost certainly won't lose even if Halliburton goes bankrupt.

    The ad claims Cheney got $2 million from Halliburton "as vice president," which is false. Actually, nearly $1.6 million of that was paid before Cheney took office. More importantly, all of it was earned before he was a candidate, when he was the company's chief executive.
    Analysis



    A Kerry ad released Sept 17 once again attacks Cheney's ties to Halliburton, implying that Cheney is profiting from the company's contracts in Iraq. That's false.


    The ad isn't subtle. It says, "As vice president, Dick Cheney received $2 million from Halliburton. Halliburton got billions in no bid contracts in Iraq. Dick Cheney got $2 million. What did we get?" And it implies that Cheney lied to the public when he said in a TV interview that "I have no financial interest in Halliburton of any kind."

    But as we document here, Cheney has insulated himself financially from whatever might happen to Halliburton. The Kerry ad misstates the facts.

    $2 Million

    To start, the $2 million figure is wrong. It is true that Cheney has received just under $2 million from Halliburton since his election, but nearly $1.6 million of that total was paid before Cheney actually took office on Jan. 20, 2001. Saying Cheney got that much "as vice president" is simply false.

    We asked Cheney's personal attorney to document that, and he did, supplying several documents never released publicly before:
    A Halliburton pay statement dated Jan 2, 2001 shows just under $147,579 was paid that day as "elect defrl payou," meaning payout of salary from the company's Elective Deferral Plan. That was salary Cheney had earned in 1999, but which he had chosen previously to receive in five installments spread over five years.
    Another pay statement dated Jan. 18 shows $1,451,398 was paid that day under the company's "Incentive Plan C" for senior executives. That was Cheney's incentive compensation -- bonus money -- paid on the basis of the company's performance in 2000. Cheney had formally resigned from the company the previous September to campaign full time, but the amount of his bonus couldn't be calculated until the full year's financial results were known.

    Cheney's personal financial disclosure forms, together with the pay statements just mentioned, show that Cheney has received $398,548 in deferred salary from Halliburton "as vice president." And of course, all of that is money he earned when he was the company's chief executive officer. Cheney was due to receive another payment in 2004, and a final payment in 2005.

    The Kerry ad isn't the only place the false $2 million figure appears. The Democratic National Committee also gets it wrong on their website. The dates of the Halliburton payments don't appear on Cheney's personal financial disclosure form from 2001, and the DNC assumed -- incorrectly as we have shown -- that all the 2001 payment were made after he took office.

    Deferred Salary

    The $398,548 Halliburton has paid to Cheney while in office is all deferred compensation, a common practice that high-salaried executives use to reduce their tax bills by spreading income over several years. In Cheney's case, he signed a Halliburton form in December of 1998 choosing to have 50% of his salary for the next year, and 90% of any bonus money for that year, spread out over five years. (As it turned out, there was no bonus for 1999.) We asked Cheney's personal attorney to document the deferral agreement as well, and he supplied us with a copy of the form , posted here publicly for the first time.

    Legally, Halliburton can't increase or reduce the amount of the deferred compensation no matter what Cheney does as vice president. So Cheney's deferred payments from Halliburton wouldn't increase no matter how much money the company makes, or how many government contracts it receives.

    On the other hand, there is a possibility that if the company went bankrupt it would be unable to pay. That raises the theoretical possibility of a conflict of interest -- if the public interest somehow demanded that Cheney take action that would hurt Halliburton it could conceivably end up costing him money personally. So to insulate himself from that possible conflict, Cheney purchased an insurance policy (which cost him$14,903) that promises to pay him all the deferred compensation that Halliburton owes him even if the company goes bust and refuses to pay. The policy does contain escape clauses allowing the insurance company to refuse payment in the unlikely events that Cheney files a claim resulting "directly or indirectly" from a change in law or regulation, or from a "prepackaged" bankruptcy in which creditors agree on terms prior to filing. But otherwise it ensures Cheney will get what Halliburton owes him should it go under.

    Cheney aides supplied a copy of that policy to us -- blacking out only some personal information about Cheney -- which we have posted here publicly for the first time.

    Stock Options

    That still would leave the possibility that Cheney could profit from his Halliburton stock options if the company's stock rises in value. However, Cheney and his wife Lynne have assigned any future profits from their stock options in Halliburton and several other companies to charity. And we're not just taking the Cheney's word for this -- we asked for a copy of the legal agreement they signed, which we post here publicly for the first time.

    The "Gift Trust Agreement" the Cheney's signed two days before he took office turns over power of attorney to a trust administrator to sell the options at some future time and to give the after-tax profits to three charities. The agreement specifies that 40% will go to the University of Wyoming (Cheney's home state), 40% will go to George Washington University's medical faculty to be used for tax-exempt charitable purposes, and 20% will go to Capital Partners for Education , a charity that provides financial aid for low-income students in Washington, DC to attend private and religious schools.

    The agreement states that it is "irrevocable and may not be terminated, waived or amended," so the Cheney's can't take back their options later.

    The options owned by the Cheney's have been valued at nearly $8 million, his attorney says. Such valuations are rough estimates only -- the actual value will depend on what happens to stock prices in the future, which of course can't be known beforehand. But it is clear that giving up rights to the future profits constitutes a significant financial sacrifice, and a sizeable donation to the chosen charities.

    "Financial Interest"

    Democrats have taken issue with Cheney's statement to Tim Russert on NBC's Meet the Press Sept. 14, 2003, when he said he had no "financial interest" in Halliburton:

    Cheney (Sept. 14, 2003): 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.

    Shortly after that, Democratic Sen. Frank Lautenberg released a legal analysis he'd requested from the Congressional Research Service. Without naming Cheney, the memo concluded a federal official in his position -- with deferred compensation covered by insurance, and stock options whose after-tax profits had been assigned to charity -- would still retain an "interest" that must be reported on an official's annual disclosure forms. And in fact, Cheney does report his options and deferred salary each year.

    But the memo reached no firm conclusion as to whether such options or salary constitute an "interest" that would pose a legal conflict. It said "it is not clear" whether assigning option profits to charity would theoretically remove a potential conflict, adding, "no specific published rulings were found on the subject." And it said that insuring deferred compensation "might" remove it as a problem under conflict of interest laws.

    Actually, the plain language of the Office of Government Ethics regulations on this matter seems clear enough. The regulations state: "The term financial interest means the potential for gain or loss to the employee . . . as a result of governmental action on the particular matter." So by removing the "potential for gain or loss" Cheney has solid grounds to argue that he has removed any "financial interest" that would pose a conflict under federal regulations.

    Conflict of Interest

    It is important to note here that Cheney could legally have held onto his Halliburton stock options, and no law required him to buy insurance against the possibility that Halliburton wouldn't pay the deferred compensation it owes him. Both the President and Vice President are specifically exempted from federal conflict-of-interest laws, for one thing, as are members of Congress and federal judges.

    And even federal officials who are covered by the law may legally own a financial interest in a company, provided they formally recuse themselves -- stand aside -- from making decisions that would have a "direct and predictable effect on that interest." And Cheney says he's done just that.

    Cheney says he takes no part in matters relating to Halliburton, and so far we've seen no credible allegation to the contrary. Time magazine reported in its June 7 edition that an e-mail from an unnamed Army Corps of Engineers official stated that a contract to be given to Halliburton in March 2003 "has been coordinated w VP's [Vice President's] office." But it wasn't clear who wrote that e-mail, whether the author had direct knowledge or was just repeating hearsay, or even what was meant by the word "coordinated," which could mean no more than that somebody in Cheney's office was being kept informed of contract talks.

    Indeed, a few days later it was revealed that Cheney's chief of staff Lewis "Scooter" Libby was informed in advance that Halliburton was going to receive an earlier contract in the fall of 2002 -- to secretly plan post-war repair of Iraq's oil facilities. But being informed of a decision after it is made is a far cry from taking part in making it. And according to the White House, Libby didn't even pass on the information to Cheney anyway.

    So to sum up, this Kerry ad's implication that Cheney has a financial interest in Halliburton is unfounded and the $2 million figure is flat wrong

  4. #4
    ok i read your little article

    which admits he got 1.6 million from Halliburton in "senior bonus" WHILE he was in the Oval Office

    and the mysterious selling of his 8M options... whatever...

    he used to be in charge of this company... now we are all to believe he has NO stake in Halliburton? None at all? It's just a grand coincedence?

  5. #5
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    [quote][i]Originally posted by valleyjet+Oct 5 2004, 11:47 AM--></div><table border='0' align='center' width='95%' cellpadding='3' cellspacing='1'><tr><td>[b]QUOTE[/b] (valleyjet @ Oct 5 2004, 11:47 AM)</td></tr><tr><td id='QUOTE'> <!--QuoteBegin-jets5ever[/i]@Oct 5 2004, 11:44 AM
    [b] You guys are embarassing yourselves. Seriously. [/b][/quote]
    Bush and Cheney are the ones who ought to be embarrassed. Their fool&#39;s errand in Iraq has been a disaster for our country. In fact they should&#39;ve had the good grace to just walk away and not even seek a second term. [/b][/quote]
    Tailgators, easy. We all know you are holier than thou. I&#39;ve stated many times that I thought you shouldn&#39;t have been banned. It&#39;s unfortunate that you are relegated to perpetuating this childish and transparent ruse. I&#39;m with you, boss. Just ask shakin, I am sure he&#39;d let you back. You&#39;ve been well-behaved in your current incarnation as "valleyjet" so there is no reason to believe this good behavior won&#39;t continue when you change back.

    Feel free to even use me as a reference....

  6. #6
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    [quote][i]Originally posted by bitonti[/i]@Oct 5 2004, 11:51 AM
    [b] ok i read your little article

    which admits he got 1.6 million from Halliburton in "senior bonus" WHILE he was in the Oval Office

    and the mysterious selling of his 8M options... whatever...

    he used to be in charge of this company... now we are all to believe he has NO stake in Halliburton? None at all? It&#39;s just a grand coincedence? [/b][/quote]
    Did you give as much of a rat&#39;s ass when Halliburton was Bill Clinton&#39;s most favored (and utilized) vendor?

  7. #7
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    [quote][i]Originally posted by valleyjet+Oct 5 2004, 12:00 PM--></div><table border='0' align='center' width='95%' cellpadding='3' cellspacing='1'><tr><td>[b]QUOTE[/b] (valleyjet @ Oct 5 2004, 12:00 PM)</td></tr><tr><td id='QUOTE'> [quote]Originally posted by jets5ever@Oct 5 2004, 11:52 AM
    [b] [quote]Originally posted by valleyjet@Oct 5 2004, 11:47 AM
    [b] <!--QuoteBegin-jets5ever[/i]@Oct 5 2004, 11:44 AM
    [b] You guys are embarassing yourselves. Seriously. [/b][/quote]
    Bush and Cheney are the ones who ought to be embarrassed. Their fool&#39;s errand in Iraq has been a disaster for our country. In fact they should&#39;ve had the good grace to just walk away and not even seek a second term. [/b][/quote]
    Tailgators, easy. We all know you are holier than thou. I&#39;ve stated many times that I thought you shouldn&#39;t have been banned. It&#39;s unfortunate that you are relegated to perpetuating this childish and transparent ruse. I&#39;m with you, boss. Just ask shakin, I am sure he&#39;d let you back. You&#39;ve been well-behaved in your current incarnation as "valleyjet" so there is no reason to believe this good behavior won&#39;t continue when you change back.

    Feel free to even use me as a reference.... [/b][/quote]
    Thanks for your endorsement of my posts. However, you still keep barking up that same old tree don&#39;t ya?

    Clue me jets5ever is calling someone Tailgaters your fallback position when you&#39;re losing an arguement? [/b][/quote]
    Losing an argument? You don&#39;t argue, you pontificate...endlessly. Just like Tailgators.

  8. #8
    [quote][i]Originally posted by shakin318[/i]@Oct 5 2004, 11:56 AM
    [b]
    Did you give as much of a rat&#39;s ass when Halliburton was Bill Clinton&#39;s most favored (and utilized) vendor? [/b][/quote]
    at least Clinton didn&#39;t use US servicemen like cords of fire wood and say things like bring em on while the troops were in Serbia or wherever

  9. #9
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    [quote][i]Originally posted by bitonti+Oct 5 2004, 12:39 PM--></div><table border='0' align='center' width='95%' cellpadding='3' cellspacing='1'><tr><td>[b]QUOTE[/b] (bitonti @ Oct 5 2004, 12:39 PM)</td></tr><tr><td id='QUOTE'> <!--QuoteBegin-shakin318[/i]@Oct 5 2004, 11:56 AM
    [b]
    Did you give as much of a rat&#39;s ass when Halliburton was Bill Clinton&#39;s most favored (and utilized) vendor? [/b][/quote]
    at least Clinton didn&#39;t use US servicemen like cords of fire wood and say things like bring em on while the troops were in Serbia or wherever [/b][/quote]
    Complete subject change to ignore point scored duly noted.

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    [quote][i]Originally posted by bitonti+Oct 5 2004, 12:39 PM--></div><table border='0' align='center' width='95%' cellpadding='3' cellspacing='1'><tr><td>[b]QUOTE[/b] (bitonti &#064; Oct 5 2004, 12:39 PM)</td></tr><tr><td id='QUOTE'> <!--QuoteBegin-shakin318[/i]@Oct 5 2004, 11:56 AM
    [b]
    Did you give as much of a rat&#39;s ass when Halliburton was Bill Clinton&#39;s most favored (and utilized) vendor? [/b][/quote]
    at least Clinton didn&#39;t use US servicemen like cords of fire wood and say things like bring em on while the troops were in Serbia or wherever [/b][/quote]
    Clinton didn&#39;t allow the army to use tanks in Somalia, because he didn&#39;t want the situation to "escalate" or our presence appear to "combative." So, they used less-protected Humvees, which were shot up, big time, during the tragic events of that horrible day in Mogadishu. Then, after that, he cuts and runs, furthering our reputation as a paper tiger who cannot stomach losses and truly making those 18 dead soldiers and dozens of wounded soldiers efforts worthless.

    Oh - and what was the threat posed by the residents of Mogadishu, again?
    Somalia is currently a hotbed of AQ activity, actually. So, that&#39;s another strike....

    If you are going to rage against the machine, don&#39;t be picky about it...be consistent.....

  11. #11
    i didn&#39;t mention somalia i mentioned serbia - you know my belief, every undeclared war since WWII has been unjustified... an illegal loophole in the constitution.

    5ever and shakin the essential point still stands... 18 guys in Somalia, NONE lost in Serbia meanwhile Bush has lost well over 1000 - there is no comparison between administrations based on casualty, Bush has no qualms about spilling blood.

  12. #12
    [quote][i]Originally posted by bitonti[/i]@Oct 5 2004, 01:16 PM
    [b] Bush has no qualms about spilling blood. [/b][/quote]
    Just as long as its not "blue blood".

  13. #13
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    [quote][i]Originally posted by bitonti[/i]@Oct 5 2004, 01:16 PM
    [b] i didn&#39;t mention somalia i mentioned serbia - you know my belief, every undeclared war since WWII has been unjustified... an illegal loophole in the constitution.

    5ever and shakin the essential point still stands... 18 guys in Somalia, NONE lost in Serbia meanwhile Bush has lost well over 1000 - there is no comparison between administrations based on casualty, Bush has no qualms about spilling blood. [/b][/quote]
    Bitonti - do you think Clinton would have "spilled more blood" had the 1993 AQ attack on the WTC been more successful?

    You don&#39;t think the war on terror has been successful in any way, so all you see are the 1000 deaths and that&#39;s all you base your opinion on. Fine, that is your right to be that way. I passionately disagree and have stated my reasons so many times and in such detail that I am tired of doing so. Plus, I tend to be long-winded so no one would read it anyway&#33;

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    So this evening, we can expect the Breck Girl to scream &#39;HALLIBURTON&#33;" as if he has Torruette&#39;s and then pretend that health care can be reformed by suing doctors. Swell.That&#39;s worked so well that you can&#39;t get a doctor to deliver your child in some states thanks to Edwards&#39; handiwork.

    You may hate Cheney, no matter how irrational I find that. But Edwards is a different kind of embarrassment-callow, superficial, empty. Love how he lays on that syrupy BS drawl real thick when he thinks an audience might like that crap. Funny, you guys don&#39;t bring up what this prom queen did to avoid Vietnam service. His "Grapes of Wrath" stories are beyond ridiculous-so this mill town&#39;s only diner was so overpriced that Edwards&#39; daddy, the mill foreman-couldn&#39;t get his family dinner there-sure&#33;.What, was Daddy Edwards waiting at the dumpster for the Food Lion to dump the past date meat ? Does anyone believe this gibberish? Even Kerry has put him under house arrest.

    Cheney has been in Washington in various jobs-Congressman, Chief of Staff, Sec. of Defense, VP- took ill. Edwards would be great-if we&#39;re confronted with 12 people too stupid to avoid jury duty, but not much else. Heck, he doesn&#39;t even bring his own state with him&#33;

  15. #15
    Edwards will destroy the bastard Cheney...
    I also want to let you war mongers know that While CEO of good ol burton, Cheney set up offshore companies to illegally do business with so called terror supporting states..iraq, iran and lybia&#33;&#33;&#33;

    this jack ass claims to be a patriot...just wanted to let you know the truth..

  16. #16
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    [quote][i]Originally posted by Bugg[/i]@Oct 5 2004, 03:43 PM
    [b] Funny, you guys don&#39;t bring up what this prom queen did to avoid Vietnam service. [/b][/quote]
    You mean the fact that the war ended before his number was called. I know NewsMax reports something else...NewsMax... :D :D

  17. #17
    flushingjet
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    tailgators <=> valleyjet
    Kerry &#39;71 <=> Kerry &#39;04

    same stuff, different wrapper

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    [quote][i]Originally posted by bitonti[/i]@Oct 5 2004, 11:51 AM
    [b] ok i read your little article

    which admits he got 1.6 million from Halliburton in "senior bonus" WHILE he was in the Oval Office

    and the mysterious selling of his 8M options... whatever...

    he used to be in charge of this company... now we are all to believe he has NO stake in Halliburton? None at all? It&#39;s just a grand coincedence? [/b][/quote]
    By your logic, Alex Rodriguez was still a Texas Ranger this season because they paid part of his salary.

    You lack of ability to understand a simple concept like deferral (earned in one period and paid in another) is a little embarrassing.

  19. #19
    [quote][i]Originally posted by Piper[/i]@Oct 6 2004, 07:22 AM
    [b] You lack of ability to understand a simple concept like deferral (earned in one period and paid in another) is a little embarrassing. [/b][/quote]
    i understand deferral, but that doesn&#39;t mean when the check comes it&#39;s not real, and you don&#39;t cash it.

    cmon Piper what&#39;s a little embarassing is Dick Cheney&#39;s personal hygene :D

  20. #20
    [quote][i]Originally posted by flushingjet[/i]@Oct 5 2004, 08:54 PM
    [b] tailgators <=> valleyjet
    Kerry &#39;71 <=> Kerry &#39;04

    same stuff, different wrapper [/b][/quote]
    NICE&#33; :lol:

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