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Sunday, June 19, 2005

Halliburton Stock Prices and Dick Durbin

from CBS Marketwatch

In 2002 Halliburton stock prices were in the tank, way off the highs they had experienced during the dot com boom. In the wake of the war with Iraq, Halliburton stock prices have surged nearly 450%.

Through Kellog, Brown & Root, its corruption-plagued subsidiary, Halliburton was just granted the $30 million contract to spiff up Guantanamo Bay. According to the Financial Times, the full contract could be worth up to $500 million to Halliburton.

Dick Durbin has always been a good guy, the conscience of the Senate, a man who voted against the bankruptcy bill when others acquiesced for the sake of political expedience. He isn't one to take the temperature of public sentiment before speaking, he says what needs to be said. He has also been the prime mover behind the push to re-convene the Truman Commission on War Profiteering, and Karl Rove has had him in the crosshairs for just this very reason for quite some time. If the right is successful in silencing and neutering Durbin, you can kiss any investigation goodbye. At that time the smart money would say buy Halliburton. I'd rather have my money in something less morally objectionable and soaked in blood myself -- maybe internet porn.