Random commentary and senseless acts of blogging.
The first Republican president once said, "While the people retain their virtue and their vigilance, no administration by any extreme of wickedness or folly can seriously injure the government in the short space of four years." If Mr. Lincoln could see what's happened in these last three-and-a-half years, he might hedge a little on that statement.
Prisoners of Azkaban
Monday, August 05, 2002
If born-again antisleaze crusader George Bush is determined to go after companies that use dubious off-shore subsidiaries to evade taxes, he doesn't have to look very far to find targets.
Halliburton, which Cheney ran before becoming vice president, was even more aggressive in its use of offshore tax havens, according to an analysis of company filings with the Securities and Exchange Committee by Citizen Works, a nonpartisan group founded by consumer advocate Ralph Nader.
The number of Halliburton subsidiaries incorporated in offshore tax havens rose from 9 to 44 while Cheney served as chief executive between 1995 and 2000, the group said.
The analysis was distributed by congressional Democrats, who hoped to use it to their political advantage in the November elections. Democrats have seized on the Harken transactions and Cheney's tenure at Halliburton to paint the Bush administration and its Republican allies in Congress as compromised by insider deals and close business connections.
Cheney's spokeswoman, Jennifer Millerwise, had no comment on Halliburton's offshore subsidiaries and other business practices. The SEC is currently investigating how Halliburton accounted for cost overruns on construction jobs. Millerwise said the SEC has not contacted Cheney as part of that inquiry.