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![]() Quote:
The nonpartisan investigative Government Accountability Office, formerly the General Accounting Office, agreed with the administration’s assessment. It reported in June that the Halliburton subsidiary had been the only company “in a position to provide the services within the required time.” David M. Walker, who as comptroller general is chief of the G.A.O., told a House committee that the no-bid contract was justified “given the war in Iraq and the urgent need for reconstruction efforts.” On the question of Mr. Cheney’s income from Halliburton, officials of the Bush-Cheney campaign said that before entering office in 2001, Mr. Cheney bought an insurance policy that guaranteed a fixed amount of deferred payments from Halliburton each year for five years so that the payments would not depend on the company’s fortunes. The officials also said he had promised to donate to charity any after-tax profits he made from exercising his stock options. These steps are not unusual for corporate executives who enter government. http://www.nytimes.com/2004/09/28/na...fact.html?_r=0 |