Wednesday, September 01, 2004

Cheney & Halliburton

VP Dick Cheney, of course, has become the veritable lightning-rod for controversy over the past couple of years. Michael Moore and his fellow unhinged liberals (no, the last two words are not redundant... cf. Zell Miller, for instance ;-) believe that the whole Iraq war was fought to line the pockets of Bush, Cheney, and all their fat cat friends (remember, Kerry is a poor rich guy), Cheney's former company, Halliburton, being Public Enemy Number One.

There's a little problem, though. It appears that the perception of Moore et al and reality don't quite match up (surprised?), which is another way of saying that their perception is not true. Why do I say that? Because between late 2000 and November of 2003 (several months after the cessation of major combat ops in Iraq), Halliburton's share value dropped by more than a third. (See Niall Ferguson's Colossus.)

As C+C Music Factory might have said, this is one those "things that make you go hmmm."

(Hat tip: John Hillen.)

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