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Halliburton Stock $9 7/2002 today...$82 - Ramp up to War

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LeftHander Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-21-06 08:03 AM
Original message
Halliburton Stock $9 7/2002 today...$82 - Ramp up to War
Edited on Fri Apr-21-06 08:05 AM by LeftHander
Dick Cheney started the ramp up to war shortly after HAL hit bottom. Halliburton has since enjoyed a 900% increase in it's stock price.

http://chart.finance.yahoo.com/c/5y/h/hal

Dick Cheney Quotes:

August 2002

This is the speech that got the ball rolling. Dick started laying out the justifications in this speech. After that the rhetoric came hard and fast and HAL's stock was on the upswing. After this key speech by Dick Cheney to the VFW convention the Iraq war was on.

http://www.whitehouse.gov/news/releases/2002/08/20020826.html

"In the past decade, Saddam has systematically broken each of these agreements. The Iraqi regime has in fact been very busy enhancing its capabilities in the field of chemical and biological agents. And they continue to pursue the nuclear program they began so many years ago. These are not weapons for the purpose of defending Iraq; these are offensive weapons for the purpose of inflicting death on a massive scale, developed so that Saddam can hold the threat over the head of anyone he chooses, in his own region or beyond."

"Prior to the Gulf War, America's top intelligence analysts would come to my office in the Defense Department and tell me that Saddam Hussein was at least five or perhaps even 10 years away from having a nuclear weapon. After the war we learned that he had been much closer than that, perhaps within a year of acquiring such a weapon."

"Simply stated, there is no doubt that Saddam Hussein now has weapons of mass destruction. There is no doubt he is amassing them to use against our friends, against our allies, and against us. And there is no doubt that his aggressive regional ambitions will lead him into future confrontations with his neighbors -- confrontations that will involve both the weapons he has today, and the ones he will continue to develop with his oil wealth."


December 2002

http://www.whitehouse.gov/news/releases/2002/12/20021202-4.html

"Saddam Hussein is harboring terrorists and the instruments of terror. He is pressing forward with weapons of mass destruction -- weapons he's already used in his war against Iran and against his own people. His regime has had high-level contacts with al Qaeda going back a decade and has provided training to al Qaeda terrorists. And as the President has said, "Iraq could decide on any given day to provide biological or chemical weapons to a terrorist group or to individual terrorists" -- which is why the war on terror will not be won till Iraq is completely and verifiably deprived of weapons of mass destruction." Dick Cheney December 2002

Before July. Iraq was and Saddam Hussien was not mentioned much in offical press releases. By Septemeber 2002. In almost every exchange the President or the WHite House had with reporters Iraq and Saddam Hussien was brought up. The marketing plan was on full force. The decision was made and plans laid to invade. Now it was up to the White House to sell the justification to the American people.

They did.

The war has been good for Halliburton. With Ex-CEO Dick Cheney in the WHite House. Halliburton's stock holders have been most pleased with the Best CEO that ever "quit".

The work to resurrect Haliburton from the financial woes of Asbestoes litigation was to take this nation to war and award Halliburton and it's subsidiaries with numerous contracts for military logistical support and Oil industry production support. The perfect theatre for both was Iraq.

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newportdadde Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-21-06 08:16 AM
Response to Original message
1. Yeah I should have been on top of this one. In hindsight this
one should have been pretty obvious.

I could have turned 3k into 27k. I was smart enough to see oil and got in July 04 incase of a Bush reelection but it hasn't had near the return HAL would have.
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aquart Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-21-06 08:18 AM
Response to Original message
2. War profiteers should be hanged.
Although my sister has a more potentially beneficial plan: The stocks. Put BushCo in the stocks and send them on a 50-state tour. Charge $10 a bag for rotten fruit, $15 for offal. Pay off the national debt and make them sorry they were ever born.

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Oversea Visitor Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-21-06 08:50 AM
Response to Original message
3. You know
There such thing as payback time
I wont go near their stock
That company will go down faster then ENRON when shit hits the fan
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FloridaPat Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-21-06 09:13 AM
Response to Reply #3
5. That's why I never bought the stock. I thought surely these creeps
would get impeached. Still waiting.
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Oversea Visitor Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-21-06 09:45 AM
Response to Reply #5
6. It will come
They too blatant and arrogrant.
It has to come or US become DICTATORSHIP
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FloridaPat Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-21-06 09:12 AM
Response to Original message
4. You are aware that Cheney still has all those Halliburton options
he was suppose to get rid of when he became VP? Talk about a war profiteer. I'm suprised (NOT) the Democrats didn't point that out in the last election.

And as for war profiteers - Bush 1 was employee and investor in Carlyle Group until about 2003. He quit his job, but there has been no word if he's still an investor or not. Since Carlyle Group is a private company, he could still be an investor along with the bin Ladins.

Must be nice to know when all the wars will start and that they will start.
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paparush Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-21-06 10:13 AM
Response to Original message
7. Can we riot in the streets NOW!!
My god, I should be running up and down the streets screaming this...

Low income and middle class people (what's left of us) should be carrying torches and pitchforks into dc and string this bunch of criminals up by the short hairs...
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