PDA

View Full Version : George Soros buys $2 Million in Halliburton Stock


Decka
03-12-2007, 09:11 PM
Lemme look at this....

George Soros

-Anti-capitalist, Anti-Bush, probably on Freethinker's speed dial...

-Quoted saying that removing George W. Bush from office was the "central focus of my life" and "a matter of life and death." He said he would sacrifice his entire fortune to defeat Bush, "if someone guaranteed it", and many continue to state this as Soros's position even after Soros clarified the humorous nature of the statement in a Q&A session at the end of his March 3, 2004 address to California's Commonwealth Club.

-Soros gave $3 million to the Center for American Progress

-Soros committed $5 million to MoveOn

-Soros and his friend Peter Lewis each gave America Coming Together $10 million. (All were groups that worked to support Democrats in the 2004 election.)

-On September 28, 2004 he dedicated more money to the campaign and kicked off his own multi-state tour with a speech: Why We Must Not Re-elect President Bush[18] delivered at the National Press Club in Washington, DC.

-Soros donated $23,581,000 to various 527 Groups dedicated to defeating President George Bush

-After Bush's reelection in 2004, Soros and other wealthy liberal political donors backed a new political fundraising group called Democracy Alliance which aims to support the goals of the U.S. Democratic Party.[3]

-Incidentally, Harken Energy, a firm partly owned by Soros, did business with George W. Bush in 1986 by buying his oil company, Spectrum 7.

..............

So we already have some irony here... Soros slams Bush and what he's all about and capitalism, but yet the only reason he IS so wealthy(80th wealthiest person in the world) is BECAUSE of capitalism and oil.

The connection between Bush, his administration, and halliburton is well documented.. and now we have Mr. Soros buying 2 million dollars in stock... I guess money means more than a message, or a stand. Either that, or this guy is all talk no walk, like so many people these days.

GEORGE SOROS BUYS $62 MILLION SHARES OF HALLIBURTON

http://wonkette.com/politics/george-soros/george-soros-buys-2-million-shares-of-halliburton-241746.php

http://blog.foreignpolicy.com/node/3776

Normally, I'm willing to overlook the hypocrisy of the liberal elite. If Al Gore and his Hollywood cronies want to fly around on gas-guzzling, atmosphere-polluting private jets while railing against global climate change, I'm willing to overlook it.

But the latest move by globe trotting, hyper-liberal billionaire George Soros borders on being too much.... Soros, of course, is the dean of Democratic money giving. And Halliburton, of course, is the company that embodies everything the Democrats see as evil. Dick Cheney is its former chief, for goodness' sake.

http://www.theneweditor.com/index.php?/archives/5332-George-Soros-Buys-Halliburton-Stock.html

Freethinker
03-12-2007, 09:55 PM
Lemme look at this........George Soros buys $2 Million in Halliburton Stock

I suggest you look at it again, genius.

:lolhit:

You can't even read and comprehend what your own links say.

Decka
03-12-2007, 11:07 PM
I suggest you look at it again, genius.

:lolhit:

You can't even read and comprehend what your own links say.

:lolhit:

No doubt.. he bought 62 MILLION dollars of it....

thanks for the memo...

mikezila
03-12-2007, 11:11 PM
I suggest you look at it again, genius.

:lolhit:

You can't even read and comprehend what your own links say.

you're just proving his point:rolleyes:

1.9 million shares is worth about $62 million.

Phyrex
03-13-2007, 04:28 AM
Wow, lol. He can join to Al Gore Club of Hypocrites.

Thislin
03-13-2007, 06:36 AM
you're just proving his point:rolleyes:

1.9 million shares is worth about $62 million.
He is use to it; he regularly helps the Christians "prove" that atheists are unreasonable and full of hate.

dharmabum
03-13-2007, 09:23 AM
Soros didn't become a Billionaire by accident.

Read and Learn Decka.

Don't spin, just learn.

dharmabum
03-13-2007, 09:24 AM
Wow, lol. He can join to Al Gore Club of Hypocrites.

The club who's founder is Newt Gingrich.

Travh20
03-13-2007, 01:00 PM
Soros didn't become a Billionaire by accident.

Read and Learn Decka.

Don't spin, just learn.

suddenly its cool to become a millionaire and buy haliburton stocks. unbelievable. one minute halliburton is the root of all evil and Cheney this and blah blah blah, now its just "sit back and watch how to become a billionaire"

fluffernutter
03-13-2007, 01:27 PM
62 million for Soros is chump change. It's like me buying a lotto ticket. Personally, I think he's doing it to try to secure some representation on the Board of Directors. Which is well within his rights. Good for him.

dharmabum
03-13-2007, 03:27 PM
suddenly its cool to become a millionaire and buy haliburton stocks. unbelievable. one minute halliburton is the root of all evil and Cheney this and blah blah blah, now its just "sit back and watch how to become a billionaire"

Nobody said anything about "cool", just smart.

But you wouldn't know about that, so don't worry your little head.

Travh20
03-13-2007, 03:34 PM
so I guess cheney is just smart too right? you are so full of shit.

dharmabum
03-13-2007, 03:38 PM
so I guess cheney is just smart too right?

Yes, he is. He is smart, but evil.

you are so full of shit.

HA! Look who's talking! :lolhit:

Travh20
03-13-2007, 03:43 PM
smart but evil, whatever. twoface smacktard.

dharmabum
03-13-2007, 03:54 PM
smart but evil, whatever. twoface smacktard.

You are such a mouth-breathing moron.
:upyours:

DarkFantasy96
03-13-2007, 03:59 PM
smart but evil, whatever. twoface smacktard.
What? People can't be smart and evil at the same time??

Evakian
03-13-2007, 04:08 PM
What? People can't be smart and evil at the same time??
The Bond villains are going to be so depressed when they get the news.

Travh20
03-13-2007, 04:50 PM
I guess a person with an (R) who is deeply invested in Haliburton is smart and evil, but a person who has a (D) next to their name and is deeply invested in halliburton is just smart. So goes the world of diarrhea who decides good and bad by someone's political leaning.
Bill Clinton cheats on wife. No big deal. Newt Gingrich cheats on wife. Hypocrite scum
Dick Cheney invested in halliburton. Evil. George Soros invested in halliburton. smart.
lol, what a joker.

dharmabum
03-13-2007, 05:34 PM
The Elephant in the room you are trying to ignore is the fact that Soros isn't the Vice President of the United States while profitting off of a defense company. Cheney is.

That makes Cheney smart but Evil.

Get it?

I doubt it...

Travh20
03-13-2007, 05:58 PM
Ceheny is not in with haliburton anymore. soros is, so STFU hypocrite

dharmabum
03-13-2007, 06:40 PM
Ceheny is not in with haliburton anymore.


Cheney is still receiving $155,000 a year in deferred compensation from Haliburton. He also has almost a half million unexercised stock options in Halliburton. Not to mention the $20 million retirement package he also received.

Cheney has made millions off the no-bid contracts he gave Halliburton.

The Congressional Research Service declared (http://www.halliburtonwatch.org/about_hal/ethics.html) that they constitute a "continuing financial interest which may represent a conflict of interest."

Cheney's Halliburton Ties Remain (http://www.cbsnews.com/stories/2003/09/26/politics/main575356.shtml)

Now Trav, you have my permission to STFU.

Freethinker
03-13-2007, 06:52 PM
you're just proving his point :rolleyes:


No need for the sarcastic *rolleyes* smilie.

I am perfectly aware that I am helping to illustrate Decka's point.

That is because I think he has an excellent point with this thread.

(while at the same time I have to point out how laughable it was that Decka failed to understand what his own link was saying....that it was $62 million instead of $2 million)

It is extremely hypocritical of Soros to buy Halliburton stock.

dharmabum
03-13-2007, 06:55 PM
It is extremely hypocritical of Soros to buy Halliburton stock.

Thats your opinion. Smart investors of every political stripe know where the market is booming and put their money there.

I bought into Halliburton years ago and have made quite a bit already.

I knew which way the wind was blowing and acted accordingly.

I don't think it is hypocritical at all. Just realistic.

Freethinker
03-13-2007, 06:56 PM
I guess a person with an (R) who is deeply invested in Haliburton is smart and evil, but a person who has a (D) next to their name and is deeply invested in halliburton is just smart.

Dick Cheney, as an elected official, DOES have an (R) by his name.

George Soros has no "(D)" next to his name. He holds no public office, and is not an elected official.

Brooks
03-13-2007, 07:09 PM
Investing in stocks benefits two different entities.

Soros' hypocrisy doesn't lie in the fact that he made money.

His hypocrisy lies in the fact that he caused Haliburton to benefit greatly by his investment.

dharmabum
03-13-2007, 07:11 PM
Haliburton didn't benefit from Soros' (or my) investments nearly as much as they did from Cheney's no-bid contracts.

Brooks
03-13-2007, 07:44 PM
Haliburton didn't benefit from Soros' (or my) investments nearly as much as they did from Cheney's no-bid contracts.
L.A. Times op-ed of April 22: "Halliburton Received No-Bid Contracts During Clinton Administration For Work In Bosnia And Kosovo."
An October 2003 article in the (Raleigh, NC) News & Observer quoted Bill Clinton's Undersecretary Of Commerce William Reinsch as saying "'Halliburton has a distinguished track record,' he said. 'They do business in some 120 countries. This is a group of people who know what they're doing in a difficult business. It's a particularly difficult business when people are shooting at you.'"

http://www.frontpagemag.com/Articles/ReadArticle.asp?ID=15426

Note: "In 1998, Halliburton's total revenue was $14.5 billion, which included $284 million of Pentagon contracts. Two years later, Halliburton’s DoD contracts more than doubled."
That's during the Clinton Administration my friend.

dharmabum
03-13-2007, 08:16 PM
And it was wrong when Clinton did it too.

Did you think that excuses Cheney?

Brooks
03-13-2007, 08:35 PM
Apparently Halliburton was so good and so unique in what they did. there was no one else either administration felt they could call.

Al Gore even re-wrote certain procurement rules so they could hire Haliburton without a bidding process.

Decka
03-13-2007, 08:42 PM
Dick Cheney, as an elected official, DOES have an (R) by his name.

George Soros has no "(D)" next to his name. He holds no public office, and is not an elected official.

I'm glad we could agree that Soros IS hypocritical for doing this... while it might be a sound business decision.

BUT... for all the money Soros gave to the backers of the democratic party over the years.. i think it's safe to say he's on their side... even if he isn't a political figure with an "(R)" or a "(D)" next to his name.

dharmabum
03-13-2007, 08:42 PM
Apparently Halliburton was so good and so unique in what they did. there was no one else either administration felt they could call.

I don't believe that for a second.
There are lots of companies that could have done the work.


Al Gore even re-wrote certain procurement rules so they could hire Haliburton without a bidding process.

Perhaps, but you will have to excuse me for not taking your word for it.

Brooks
03-13-2007, 09:50 PM
Perhaps, but you will have to excuse me for not taking your word for it.
I really don't care.

Travh20
03-13-2007, 10:24 PM
I don't believe that for a second.
There are lots of companies that could have done the work.



Perhaps, but you will have to excuse me for not taking your word for it.

name one, name two, name "lots"

dharmabum
03-13-2007, 11:22 PM
name one, name two, name "lots"

Why? You don't think they exist?
Or are you just too fucking lazy to use google?

Here are two:

1 Schlumberger
2 Technip

Freethinker
03-14-2007, 07:13 AM
BUT... for all the money Soros gave to the backers of the democratic party over the years.. i think it's safe to say he's on their side...

Absolutely.

But there is a VAST difference between the #2 elected political official in the world (Cheney) being deeply involved with a company that is receiving billions in government monies and a private individual buying stocks.

The fact that certain rightwing asswipes choose to ignore that fact only highlights THEIR hypocrisy.

Thislin
03-14-2007, 07:35 AM
The Vice President has all his holdings in a blind trust. I feel sure charges would long ago have been brought if there were real evidence of wrongdoing. The explanations proffered do seem stretched, but no-bid contacts are common enough.

To a large extent Haliiburton is the only company with both the expertise and the Middle East presence and the capability to handle much of the work they have been given. That they make good profits from it is an absolute certainty. Now Soros will get a piece of those profits, no doubt to contribute to Democrats and otherwise build his influence.

Other companies may well be capable of building the capacity and shipping the people there, but Haliburton has a major cost advantage and would therefore win the bids anyway. In such cases the contract is given based on independent assessments of what it should cost and both the government and the companies avoid the delay and expense of competitive bidding.

Decka
03-14-2007, 12:08 PM
Absolutely.

But there is a VAST difference between the #2 elected political official in the world (Cheney) being deeply involved with a company that is receiving billions in government monies and a private individual buying stocks.

The fact that certain rightwing asswipes choose to ignore that fact only highlights THEIR hypocrisy.

I agree there is a difference between Soros and Cheney, and the positions they hold.

Hell, I know there is a conflict of interest when you have so many Bush Administration members involved with Halliburton.

My complaint about Soros is that obviously his morals and his stand is not above making a deal with the devil, aka Halliburton. Obviously money is more important than pride for that man... so he's a phoney.

Now, we have Soros bankrolling the democratic supporters, and we have the vice president heavily involved with halliburton in the past. Let's play the game called "make the connection"...

Liberals such as dharma and FT assume that because the bush administration has alot to gain and alot of connection to Halliburton... they merely "made up" everything else in order to make profit and control oil. It's a theory, and one that I have contemplated. It is quite possible that IS the case, but no matter what your personal feelings are, you honestly can't say its a fact that this occurance happened.

A. You don't know if the intel the bush administration got was faulty, and thus "Bushco" could have been acting honestly about the threat of WMD's, and after going in, with hindsight being 20/20, they found out the hard way about the intel being bad.

B. You don't know if Baby Bush had a personal vendetta with Saddam, or if he really cared about the Iraqi people and wanted to end the dictatorship in Iraq. Both of those would be reasons other than oil for going there, even if the first one isn't a good one.

C. You don't know the future military plans of the United States. Iraq happens to be a good strategic location, and if Iran or Syria is next to be "chopped down"... Iraq would be the center base for the process.

It seems FT and dharma can ignore all of these possibilities as "hogwash" based on the fact that they might actually "out" the president from not being an oil/money-hungry, war-crime thug. Remember, when Soros buys halliburton, its smart. When Cheney buys halliburton, its smart and evil... ;)

dharmabum
03-14-2007, 12:21 PM
I feel sure charges would long ago have been brought if there were real evidence of wrongdoing.

That is where you would be mistaken. For the last 6 years we have had a rubberstamp congress that refused to even investigate the administration.

Congress is just now beginning to do it's Constitutional Job of oversight. There are currently something like 53 seperate active investigations going on in Congress. They are just now starting to issue subpoenas. The next couple years should be interesting.

WindWip
03-14-2007, 01:36 PM
Will someone who is trying to say this is a bad thing break their reasoning down. So he hates Bush, I don't see why he can't invest in Halliburton. He could be investing because he thinks it's good sense financially, or it could be that he's trying to get voting power, or that he's trying to work on a hostile takeover. He's obviously not buying stock to support Bush, I don't know how you drew that conclusion.

Decka
03-14-2007, 02:36 PM
Will someone who is trying to say this is a bad thing break their reasoning down. So he hates Bush, I don't see why he can't invest in Halliburton. He could be investing because he thinks it's good sense financially, or it could be that he's trying to get voting power, or that he's trying to work on a hostile takeover. He's obviously not buying stock to support Bush, I don't know how you drew that conclusion.

So many liberals have lumped Bush and Halliburton as one giant ball of evil... they ARE separate but it's like Larry Bird leaving the Celtics to go play for the Lakers. He might make more money, but he HATED the lakers.

WindWip
03-14-2007, 04:05 PM
So many liberals have lumped Bush and Halliburton as one giant ball of evil... they ARE separate but it's like Larry Bird leaving the Celtics to go play for the Lakers. He might make more money, but he HATED the lakers.

I agree, they are very seperate. The only thing that ties them together is the scandal with the special treatment of Halliburton and with Cheney's involvement in Halliburton.

I still don't really see a reason for people to get upset over this.

dharmabum
03-14-2007, 04:08 PM
I still don't really see a reason for people to get upset over this.

Rightwingers love to fake outrage.

see: whitewater.

Freethinker
03-14-2007, 07:04 PM
Rightwingers love to fake outrage.

see: whitewater.

An even better example of fake outrage;

see: Lewinsky.

__________________________

It is way past time we began to recognize that the progressive voices in this country have been right about virtually every issue since Bush took office. It is time to admit that Bush and his far-right cheerleaders and apologists have been wrong about virtually every issue. These include; the Iraq war, the war on terror, bin Laden, the Patriot Act, wiretapping of phone calls, global warming, tax breaks for the rich, Alito, Katrina, Dept. of Homeland Security, privacy, torture, media reform and electronic voting machines.

Brooks
03-14-2007, 07:16 PM
But there is a VAST difference between the #2 elected political official in the world (Cheney) being deeply involved with a companyMore accurately, this is a case of someone deeply involved with a company becoming vice president (and them divesting).

I'm not sure if that's prohibited in the constitution.

Freethinker
03-14-2007, 07:35 PM
More accurately, this is a case of someone deeply involved with a company becoming vice president (and them divesting).


He is far from being divested.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Halliburton Compensation Package

Assertion: Cheney said in September 2003 that he has “no financial interest in Halliburton of any kind and haven’t had now for over three years.”

Truth: To this day Cheney still receives more than $160,000 a year from Halliburton as part of a deferred compensation package. The New York Times said Cheney’s statement “is true only if you don’t count the stock options Mr. Cheney continues to hold and $367,690 in deferred compensation he has reported receiving so far while vice president—on top of the $20 million severance package awarded in 2000.”

http://www.newdemocracyproject.org/publications/book_on_bush/the_abcs_of_w___full.cfm

Brooks
03-14-2007, 07:41 PM
As I said, he's divested. They has partially delayed pension. That's not an investment.

Foolsworth
03-14-2007, 07:41 PM
The Vice President has all his holdings in a blind trust. I feel sure charges would long ago have been brought if there were real evidence of wrongdoing. The explanations proffered do seem stretched, but no-bid contacts are common enough.

To a large extent Haliiburton is the only company with both the expertise and the Middle East presence and the capability to handle much of the work they have been given. That they make good profits from it is an absolute certainty. Now Soros will get a piece of those profits, no doubt to contribute to Democrats and otherwise build his influence.

Other companies may well be capable of building the capacity and shipping the people there, but Haliburton has a major cost advantage and would therefore win the bids anyway. In such cases the contract is given based on independent assessments of what it should cost and both the government and the companies avoid the delay and expense of competitive bidding.
---------------------------------------------------------------------!
Yay,the proof is in the puddin.I wonder how many complaints or
Editorials were written when Hallburton outsourced to a sister company
the nasty,almost daunting task of snuffing out the many Oil well fires
that plagued Kuwait and southern Iraq,after The Persian Gulf week long
conflict.
Face it,The Democrats have found a real friend to bash in Halliburton.
They also insisted that Bush & Co. went into Iraq for Oil.
Anyone care to explain what happened to the Bush Oil riches.
What should Cheney have done,about his Board position at Halliburton,
knowing he was Bush's running mate.Donate all his built up assets and
stock options to some blind trust,hoping that Democrats won't hire
some sneaky,well fed,seeing eye dogs,that just so happen have a
real hankerin for Republican red meat.?
I Digress.

Foolsworth
03-14-2007, 07:54 PM
As I said, he's divested. They has partially delayed pension. That's not an investment.

Pensions aren't Investments.They are a benefit and Legacy cost.
A 401K plan,isn't a pension,but a type of profit sharing plan that
voluntarily contributes.

dharmabum
03-14-2007, 07:59 PM
As the Congressional Research Service found, Cheney still has a vested "financial interest" in Halliburton which is a "potential conflict of interest".

Decka
03-14-2007, 08:30 PM
Rightwingers love to fake outrage.

see: whitewater.

Who is outraged?

It surely isn't I.. and I started the thread...

I merely presented a hot news story.. a guy who has been against halliburton all his life but yet buys the stocks just to reap the benefits. Its like Freethinker living in America... he enjoys the freedoms but slams it whenever he gets the chance.

dharmabum
03-14-2007, 08:46 PM
Who is outraged?

There is no real outrage, just more of your fake outrage.

It surely isn't I.. and I started the thread...

You guys are just faking outrage over non-issues such as Soros buying Halliburton stock because you have no real issues to talk about.
You know, real issues like Habeus Corpus being taken away and the President lying to Congress and the American people.

Freethinker
03-14-2007, 08:53 PM
As I said, he's divested.

As the newdemocracyproject web site points out, he is NOT divested.

He still receives more than $160,000 a year from Halliburton.

Brooks
03-15-2007, 12:34 AM
As the Congressional Research Service found, Cheney still has a vested "financial interest" in Halliburton .....I agree there might be a "financial interest". I disagree with Free that he hasn't "divested".

If the size and terms of his pension are a contractual and pre-determined issue, then it's questionable whether that qualifies as a "financial interest" since they are probably obligated by law to give him a very specific amount of money despite the companies financial fortunes or misfortunes.

Brooks
03-15-2007, 12:36 AM
You guys are just faking outrage...This is the third time I can think of that you've said someone is either outraged, or angry or whatever.
I think you're a little too sensitive.

dharmabum
03-15-2007, 09:28 AM
I agree there might be a "financial interest".

And that is a conflict of interest in a sitting VP who gave them a no-bid contract.

That is called "corruption" in case you didn't recognize it, from being too close to the forest to see the trees.

Travh20
03-15-2007, 10:29 AM
funny how a thread about george soros' hypocrisy has predictably moved to Cheney.

Brooks
03-15-2007, 03:17 PM
And that is a conflict of interest in a sitting VP who gave them a no-bid contract.
That is called "corruption" in case you didn't recognize it, from being too close to the forest to see the trees.I guess you got too tired to read the rest of my post.

His "financial interest" in this case doesn't necessarily lead to a "conflict of interest" in that the fortunes of this company don't affect his pension plan.
Therefore, he can't affect his own financial status in this case.

To take your point a step further, the financial condition of this country also affect him. Even though he probably has a blind trust, he has to know it is affected by the decisions he makes. Where do you draw the line?

Brooks
03-15-2007, 03:21 PM
That is called "corruption" in case you didn't recognize it, from being too close to the forest to see the trees.You either know about some scandal in my personal life or you have blown one of the simpler metaphors in our language.