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B4 the Bell, Moonday Aug. 9, 2004


Guest yobob1

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BUSH-CHENEY CREDIBILITY GAP

 

BUSH: "One of the most important parts of a reform agenda is to encourage people to own something. Own their own home, own their own business, own their own health care plan, or own a piece of their retirement. Reforms that trust the people, reforms that say government must stand on the side of people. Because I understand if you own something, you have a vital stake in the future of America."

 

Bush/Cheney: Owned By Halliburton, Inc.

 

Time Magazine Report Contradicts Previous Cheney Denials:

 

-- Cheney: "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." (NBC News, "Meet the Press", 9/14/03)

 

-- "Cheney's spokeswoman Jennifer Millerwise said, 'The vice president's office has nothing to do with' either USAID or Department of Defense contracting." (Houston Chronicle, 3/15/03)

 

-- "Asked if Cheney had anything to do with the awarding of the Halliburton no-bid contract, his press secretary, Jennifer Millerwise, said, 'Nope.' Halliburton spokeswoman Wendy Hall also said Cheney played no role." (Chicago Tribune, 5/8/03)

 

Halliburton Agreed to Pay $7.5 Million to Settle SEC Probe into Cheney-Era Accounting Practices. Halliburton agreed to pay $7.5 million to settle a SEC probe of the company's accounting practices during the tenure of Dick Cheney. In 1998, Halliburton failed to disclose a change in the way it accounted for revenue from some construction work, the SEC said in a statement. Cheney served as Halliburton's chief executive from 1995 until August 2000. The SEC said Cheney provided sworn testimony and cooperated in its two-year investigation. Regulators said today that the company's failure to tell investors about the change until 2000 was "materially misleading." (Bloomberg News, 8/3/04; Washington Post, 8/4/04)

 

Changes Allowed Halliburton To Post Higher Profits in 1998 and 1999. The SEC said the accounting tricks enabled Halliburton to report annual earnings in 1998 that were $278.8 million, or 46 percent higher than they would have been had the change not been made and allowed the company to report a profit $40 million higher than they would have been in 1999. (New York Times, 8/4/04; 5/22/02; Wall Street Journal, 5/10/02)

 

Cost Overruns Represented Half of the Companies Operational Revenue in 1998 Fourth Quarter. According to the New York Times, "Cost overruns still in dispute represented 50 percent of Halliburton's operating profit in the fourth quarter of 1998, according to company financial reports." (New York Times, 5/30/02)

 

http://releases.usnewswire.com/GetRelease....id=133-08092004

Just two lying sonsabitches. So friggin transparent.

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We have turned Iraq into a shooting gallery. More than 900 American soldiers have been killed. More than 6,000 are wounded. Ten thousand Iraqi civilians are dead since we moved in.

 

New polls show Arabs hate our Iraq policy. They still like our products, technologies and movies, but as a result of our policies, now an unheard of 98 percent of Egyptians have an unfavorable attitude toward America; 89 percent of Moroccans, and 85 percent of Jordanians do.

 

Richard Clark, who headed counterterrorism for Presidents Bush and Reagan, says there was no al-Qaida and no terrorism in Iraq before our invasion in 2003. Rumsfeld's suspicions came true. Iraq is now a recruitment center for al-Qaida, with 1,000 active al-Qaida terrorists in Iraq, according to reports.

 

Yet a stubborn, secretive, deceptive Dick Cheney still won't admit it. He told a group of Marines, just last week: "Terrorist attacks are not caused by the use of strength. They are invited by the perception of weakness."

 

Not so. His idea of strength has weakened our alliances. His idea of strength has weakened our economy. His idea of strength has weakened our name around the world, bringing those who were for us to be against us. His idea of strength has weakened our security. His idea of strength has skyrocketed gas prices. His idea of strength has fans booing Lance Armstrong. The only strength coming out of this war are the pockets of his old company, Halliburton.

 

We have poured $130 billion into Iraq. If we had sent the money to South Carolina instead, we could have run the state for about eight years, without ever paying taxes. If we had this money, we wouldn't be debating how much to spend on education. Every kid could go to college.

 

http://www.islandpacket.com/editorial/loca...p-3340296c.html

Plunger that is some of the saddest $hit I have ever heard Shows you where the priorities are in this country. Bitch and moan about the welfare mothers and absolutly wate all this money on nothing. Our grandchildren will be paying for the mistakes of this administration. I find it incredible that these two a$$holes have any support at all. Greedy mf's can't take enough can they.

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Fed funds are pricing in a 94% probability of an interest rate increase.

I cant imagine the carnage that will be felt by the US buck, should they say NO CHANGE. I dont really care what they do. Raise ...kill equities

Unchanged.... Dollar tanks and the metals and miners do a moonshot.

Lots of very leveraged bets on todays decision. Market will probably look like a bad electrocardiogram after the release.

Trade well today my friends.

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