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VP Dick Cheney Musing? "War has been very, very good to me."

Dick and Liz Cheney are on the stump attacking the Obama Doctrine. Along with other "experts" and "trusted sources" these two saying they are shining the spotlight on root of Obama' foreign policy in Middle East.

The core of neoconservative thinking is the "assertive" promotion of American style democracy and economy in America's national interest frequently by means of the threat of, and use of military force to establish American political, economic, and cultural dominance especially in the developing world. It seems clear to me that Cheney, Wolfowitz, Bremer, Rumsfeld and the other neo-cons who assert such influence over George W. Bush want to transform Iraq into a U.S. friendly client state- a Islamic Israel, if you will, but with lots of oil.

BUT....THERE ARE ALSO PERSONAL MOTIVATIONS. W wanted to show the world that he could go Daddy one better. Cheney wanted to be very, very rich.

Let's review:

Cheney’s Halliburton Made $39.5 Billion on Iraq War
By Angelo Young, International Business Times
20 March 2013

The accounting of the financial cost of the nearly decade-long Iraq War will go on for years, but a recent analysis has shed light on the companies that made money off the war by providing support services as the privatization of what were former U.S. military operations rose to unprecedented levels.

Private or publicly listed firms received at least $138 billion of U.S. taxpayer money for government contracts for services that included providing private security, building infrastructure and feeding the troops.

Ten contractors received 52 percent of the funds, according to an analysis by the Financial Times that was published Tuesday.

The No. 1 recipient?

Houston-based energy-focused engineering and construction firm KBR, Inc. (NYSE:KBR), which was spun off from its parent, oilfield services provider Halliburton Co. (NYSE:HAL), in 2007.

The company was given $39.5 billion in Iraq-related contracts over the past decade, with many of the deals given without any bidding from competing firms, such as a $568-million contract renewal in 2010 to provide housing, meals, water and bathroom services to soldiers, a deal that led to a Justice Department lawsuit over alleged kickbacks, as reported by Bloomberg.

Who were Nos. 2 and 3?

Agility Logistics (KSE:AGLTY) of Kuwait and the state-owned Kuwait Petroleum Corp. Together, these firms garnered $13.5 billion of U.S. contracts.

As private enterprise entered the war zone at unprecedented levels, the amount of corruption ballooned, even if most contractors performed their duties as expected.

According to the bipartisan Commission on Wartime Contracting in Iraq and Afghanistan, the level of corruption by defense contractors may be as high as $60 billion. Disciplined soldiers that would traditionally do many of the tasks are commissioned by private and publicly listed companies.

Even without the graft, the costs of paying for these services are higher than paying government employees or soldiers to do them because of the profit motive involved. No-bid contracting -- when companies get to name their price with no competing bid -- didn’t lower legitimate expenses. (Despite promises by President Barack Obama to reel in this habit, the trend toward granting favored companies federal contracts without considering competing bids continued to grow, by 9 percent last year, according to the Washington Post.)

Even though the military has largely pulled out of Iraq, private contractors remain on the ground and continue to reap U.S. government contracts. For example, the U.S. State Department estimates that taxpayers will dole out $3 billion to private guards for the government’s sprawling embassy in Baghdad.

The costs of paying private and publicly listed war profiteers seem miniscule in light of the total bill for the war.

Last week, the Costs of War Project by the Watson Institute for International Studies at Brown University said the war in Iraq cost $1.7 trillion dollars, not including the $490 billion in immediate benefits owed to veterans of the war and the lifetime benefits that will be owed to them or their next of kin.

Cheney, the CEO of Halliburton, prior to his stint as Vice President did well, in fact very, very, very well at KBR and he did not deserve not deserve the big payoffs handing him by the Halliburon Board of Directors.
In the five years he worked at the company, he received $12.5m in salary. He also held $39m-worth of stock options when he quit the company in 2000 – a fortune for a man with no previous experience in running a multinational company. In addition, Halliburton’s board of directors voted to award him early retirement when he quit his job, even though he was too young to qualify under his contract. That flexibility enabled him to leave with a retirement package, including stock and options, worth millions more than if he had simply resigned. Plus, Halliburton paid out Cheney an extra $1m during the time he served as vice-president.

Cheney cashed in his remaining stock options gradually, starting with selling 100,000 Halliburton shares in May 2000, for an immediate profit of $3m. In 2005, Cheney exercised most of what remained of his Halliburton stock options for a $6.9m profit, all of which he donated to charity. (Most of it was donated to the Richard B Cheney Cardiac Institute at George Washington University.)

Here’s the thing, as KBR’s chief exec Cheney was not all that good. The company lost a lot of money in sales, in development, and in lawsuits during his time at the helm. The stock price of Halliburton rose from about $12 a share in 1996, to a high of $25, before plunging to about $7 a share in 2002.


I wonder why they were so willing to give him a golden parachute?

Hmmmmm… you think he owed them?

Hmmmmm… you think they had something in mind that the former Secretary of Defense and soon to be VP candidate could do for them?

Hmmmmm… you think they were hoping for a nice little war….or two….hmmmmm

Cheney's portfolio went into a "blind trust." - that little bit of window dressing that gives the appearance of propriety when it is obvious that the office holder recalls where his investments lie. Mr. Bush made a lot of money as President on oil stocks purchased as governor of Texas. He left office a very rich man thanks to that. Cheney left office a very, very rich man.

Originally posted to murphthesurf3 on Wed Jun 18, 2014 at 07:14 AM PDT.

Also republished by History for Kossacks and PostHuffPost: Connection-Conversation-Community .


Is Cheney a War Profiteer?

87%312 votes
4%17 votes
0%1 votes
1%6 votes
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2%10 votes
2%9 votes

| 356 votes | Vote | Results

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Comment Preferences

  •  Tip Jar (13+ / 0-)

    "It is better to light one candle than curse the darkness." (Adlai Stevenson in praise of Eleanor Roosevelt) (Glowing Candle Avatar Adopted in 1986)

    by murphthesurf3 on Wed Jun 18, 2014 at 07:14:07 AM PDT

  •  Plain and Simple (4+ / 0-)

    Cheney is despicable.  How, as a "Christian" this man can sleep at night, knowing he systematically killed hundreds of thousands innocent civilians in Iraq is beyond me.  

    And Liz is nothing but a self-serving wing nut looking for a way  electorally to further extend the reach of her fathers legacy.

    "The quote on the Statue of Liberty doesn't say 'give me your english-speaking only, Christian-believing, heterosexual masses'

    by unapologeticliberal777 on Wed Jun 18, 2014 at 07:36:36 AM PDT

    •  Have you seen the new ad (1+ / 0-)
      Recommended by:

      "It is better to light one candle than curse the darkness." (Adlai Stevenson in praise of Eleanor Roosevelt) (Glowing Candle Avatar Adopted in 1986)

      by murphthesurf3 on Wed Jun 18, 2014 at 05:37:13 PM PDT

      [ Parent ]

      •  dick cheney (2+ / 0-)
        Recommended by:
        smileycreek, murphthesurf3

        HI murph, watched the video.
        well the topic is true. How Cheney know there is no stay behind agreement is beyond me.
        The GOP parties nickname is appropriate many times.
        Since about 60 % of the nation wants no more to do with these to places why do they keep asking a  non politician. Money at work. KBR Halliburton made billions on two wars that should not have happened. I do know some people that went over there. They where not all that pleased coming back about what was promised.

        The USA prides itself on justice and how we accomplish this more often then others.

        Yet both Bush 2 and Cheney never saw the inside of a court room. Federal jail is where they should be.

        I did mark to follow you.
        still unclear on diaries and groups.

        long life!!  

        •  Welcome, RSGmusic! (0+ / 0-)

          Hopefully the links in the box below will help answer some of your questions.

          Welcome to Daily Kos. If you have any questions about how to participate here, you can learn more at the Community Guidelines, the Knowledge Base, and the Site Resource Diaries. Diaries labeled "Open Thread" are also great places to ask. We look forward to your contributions.

          ~~ from the DK Partners & Mentors Team.

          The dinosaurs never saw that asteroid coming. What's your excuse?
          ~~ Neil deGrasse Tyson

          by smileycreek on Wed Jun 18, 2014 at 07:26:54 PM PDT

          [ Parent ]

          •  You folks are everywhere....good! (1+ / 0-)
            Recommended by:

            In my reply to RSGMusic, an old friend from HP, I supported your offer of support.

            "It is better to light one candle than curse the darkness." (Adlai Stevenson in praise of Eleanor Roosevelt) (Glowing Candle Avatar Adopted in 1986)

            by murphthesurf3 on Wed Jun 18, 2014 at 07:35:07 PM PDT

            [ Parent ]

        •  Again, we are in agreement as to the underlying (1+ / 0-)
          Recommended by:

          themes present in this discussion....Rec'd

          As to diaries and groups. You were invited to my group, PostHuffPost, but have not replied to the invitation. You got a message with a choice to accept or decline membership. You need to go back to that message and accept.

          As to diaries. I find that reading the one with lots of comments and rec'ds is a good way to learn plus accepting the wisdom offered in the links provided by smileycreek below.

          This is a great site in no small part because it is a bit complex.

          So, struggle on....P.S. there are several really good music groups here. You might really love one of those...yes? I will help you look.

          "It is better to light one candle than curse the darkness." (Adlai Stevenson in praise of Eleanor Roosevelt) (Glowing Candle Avatar Adopted in 1986)

          by murphthesurf3 on Wed Jun 18, 2014 at 07:34:18 PM PDT

          [ Parent ]

      •  I had Not Seen It (0+ / 0-)

        so thank you.  They are just despicable.

        "The quote on the Statue of Liberty doesn't say 'give me your english-speaking only, Christian-believing, heterosexual masses'

        by unapologeticliberal777 on Thu Jun 19, 2014 at 06:45:39 AM PDT

        [ Parent ]

  •  Lizzie Counts Her Inheritance Up At Night..... (2+ / 0-)
    Recommended by:
    Mopshell, RhodeIslandAspie

    She sleeps fine.  Now if Obama would just stop capturing terrorists who attack us, people would forget about what
    really went down in Iraq.

    Daddy's girl is still peddling BS for him.  Yes, she's a little long in the tooth, but so is he.  

  •  war profiteer or war criminal? (2+ / 0-)
    Recommended by:
    Mopshell, BarryWolk

    My vote is for war criminal even though it wasn't listed.
    I never thought there could be a Darth Vader daughter (after all it seems to be a "T" as in testosterone thing, but Liz easily makes the cut big time. What awful humans. I hate it that I share the same species with them.

  •  Like Rick Scott with the drug testing... (2+ / 0-)
    Recommended by:
    RhodeIslandAspie, Hockeyray

    ...though on a much larger scale.  We are supposed to believe these evil pieces of shit have morals that are sacrosanct? We can't question someone's motivation?  How convenient that iraq needed to be conquered and invaded and that they could be labelled responsible for 9/11, when oh by the way, we can make lots of personal money off this decision, which just happens to be in our national interest.

    Funny how the personal enrichment just so happens to align with the national ineterest......or not....

    Please know I am not rude. I cannot rec anything from this browser. When I rec or post diaries I am a guest at some exotic locale's computer. Ayn is the bane!

    by Floyd Blue on Wed Jun 18, 2014 at 08:52:27 AM PDT

    •  Or not, profit built upon piles of bodiies... (0+ / 0-)

      surely the mot despicable of acts of commerce.

      "It is better to light one candle than curse the darkness." (Adlai Stevenson in praise of Eleanor Roosevelt) (Glowing Candle Avatar Adopted in 1986)

      by murphthesurf3 on Wed Jun 18, 2014 at 05:45:44 PM PDT

      [ Parent ]

  •  And this piece of @%$&^%$ $#@& (1+ / 0-)
    Recommended by:

    is taken seriously by our media - not just Fox, but the mainstream media, known to the RW as the liberal media, and to us as the SCLM.

    What does that say about the American news media?

    Just another underemployed IT professional computer geek.

    by RhodeIslandAspie on Wed Jun 18, 2014 at 08:55:40 AM PDT

    •  I don't know if they are taken seriosuly, (1+ / 0-)
      Recommended by:

      but they make for good copy, for good video but which I mean segments that attract attention, draw clicks, and draw outrage....since it is all about ad dollars or attracting patrons then they serve the purpose. Hearst lived by a simple rule: If it bleeds it leads.....true in the 19th century, true now.

      "It is better to light one candle than curse the darkness." (Adlai Stevenson in praise of Eleanor Roosevelt) (Glowing Candle Avatar Adopted in 1986)

      by murphthesurf3 on Wed Jun 18, 2014 at 05:50:36 PM PDT

      [ Parent ]

  •  Its the American way, making money from murder, (0+ / 0-)

    death, kill.

    I voted Tuesday, May 6, 2014 because it is my right, my responsibility and because my parents moved from Alabama to Ohio to vote. Unfortunately, the republicons want to turn Ohio into Alabama.

    by a2nite on Wed Jun 18, 2014 at 09:38:12 AM PDT

  •  Great Piece, Murph-Ster! (1+ / 0-)
    Recommended by:

    No one on the face of the earth dislikes cheney more than I do, however, I couldn't participate in your poll today because I believe that cheney is such a War Criminal, that to call him a 'Profiteer' diminishes his guilt for being directly responsible for the death of hundreds of thousands of human beings FOR ABSOLUTELY NO REASON!!


    by BarryWolk on Wed Jun 18, 2014 at 02:27:14 PM PDT

    •  Several have said the same thing..... (1+ / 0-)
      Recommended by:

      while I get your point, those who profit from death in its many forms bear a very heavy burden and guilt. The Arms of Krupp in their many forms recognize that in flow of rivers of blood there is gold....and that is, in and of itself, war crime.

      "It is better to light one candle than curse the darkness." (Adlai Stevenson in praise of Eleanor Roosevelt) (Glowing Candle Avatar Adopted in 1986)

      by murphthesurf3 on Wed Jun 18, 2014 at 05:53:48 PM PDT

      [ Parent ]

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