Halliburton Move To Dubai Has A Stink All Over It

   Hillary Clinton has denounced the Halliburton relocation to Dubai as disgraceful  and saying "I think it raises a lot of very big concerns and we're going to be looking into it in Washington. I think it's disgraceful that American companies are more than happy to try to get no-bid contracts like Halliburton has, and then turn around and say, 'You know, we're not going to stay.'"    Source

    Dubai, in the Untied Arab Emirates has lax tax and residency laws which are almost custom made for a crooked firm such as Halliburton and, even though the company says that it will abide by oversight from the United States, it cannot be forced to do it.

Last month, federal investigators alleged Halliburton was responsible for $2.7 billion of the $10 billion in contractor waste and overcharging in Iraq.

In 2006, Halliburton earned profits of $2.3 billion on revenues of $22.6 billion.

"We have a lot of evidence about their misuse of government contracts and how they have cheated the American soldier, cheated the American taxpayer, they have taken money and not provided the services," said Clinton, a member of the Senate Armed Services Committee. "So, does moving overseas mean that we won't be able to pursue these investigations?"     AP

   Contrary to denials, this is exactly what it means. The government should now cancel all of the no-bid contracts which Cheney managed to get placed into Halliburton's hands and bar the company from any future government business. If course, this will never happen with Cheney and Bush at the helm.

   I wonder where Cheney will go when he retires?

 

IceRocket tags: Halliburton, Cheney, Bush, Dubai, Hillary Clinton