Boy! Paying 4 Million Bucks to Politicians Sure Pays OFF for Halliburton- 600 Percent Increase in ContractsSomervell County Salon-Glen Rose, Rainbow, Nemo, Glass....Texas


 

Boy! Paying 4 Million Bucks to Politicians Sure Pays OFF for Halliburton- 600 Percent Increase in Contracts
 


26 September 2006 at 10:40:52 AM
salon

since 2000

The board of directors and their spouses personally gave $828,701 to candidates for Congress and the presidency while Halliburton's political action committees gave $1.2 million, most of it donated to Republicans and political organizations with strong Republican ties, according to the analysis.

The company spent an additional $2.6 million lobbying members of Congress, the White House and federal agencies.

Conclusion: Halliburton's $4.6 million in political arm- twisting since 2000 has paid-off magnificently as the company's government contracts ballooned by over 600 percent in value by the end of 2005, mostly because of the war in  Iraq. Web: http://www.halliburtonwatch.org/reports/waxman0606.pdf

In 2000, Halliburton was the 20th largest federal contractor, receiving $763 million in federal contracts. By 2005, Halliburton had grown to become the sixth largest federal contractor, receiving nearly $6 billion in federal contracts during that year.

Between March 2003 and June 30, 2006, Halliburton received $18.5 billion in revenue from the federal government for the war in Iraq.

The company has seen its profits in government contracting almost quadruple to $330 million in 2005 compared to $84 million in 2004.

During one quarter in 2005, Halliburton's war profits skyrocketed by 284 percent. Web: http://www.halliburtonwatch.org/news/earnings072205.html


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