Behind the Smoke and Mirrors of Social Security?
Is it possible that while we are all debating the Bush Social Security Scheme, something even more outrageous is going on behind the curtain? A little noticed remark in the SOTU speech on Wednesday caught my eyes and ears.
“Justice is distorted, and our economy is held back, by irresponsible class actions and frivolous asbestos claims – and I urge Congress to pass legal reforms this year.” G. W. Bush, SOTU, 2005.
Now, immediately I thought of Halliburton and Cheney’s little asbestos problem. You see, during Cheney’s tenure as CEO at Halliburton, he made a “very bad business decision.” He acquired, for Halliburton, Dresser Industries, coincidentally a business that had very close ties to GWB’s grandfather and his father, 41.
Apparently, Cheney, captain of industry, didn’t understand the term “due diligence.” He failed to notice all the asbestos claims, both in the States and abroad, against Dresser. In one pesky “class action” case there was a $30 million award. Also, there are billions of dollars in claims in other countries.
So, for all the conspiracy theorists out there, thankfully there was a convenient war to help out Halliburton get some much needed cash to avert a possible bankruptcy.
And now while we are all in an uproar about the pending Social Security Scheme, below the radar is another attempt to help out Cheney and Halliburton with those “frivolous asbestos claims.” Congress is set to vote on FAIR this week.
What are we going to do about this?
Contact your representatives NOW.
Absolute Power Corrupts Absolutely.
“Justice is distorted, and our economy is held back, by irresponsible class actions and frivolous asbestos claims – and I urge Congress to pass legal reforms this year.” G. W. Bush, SOTU, 2005.
Now, immediately I thought of Halliburton and Cheney’s little asbestos problem. You see, during Cheney’s tenure as CEO at Halliburton, he made a “very bad business decision.” He acquired, for Halliburton, Dresser Industries, coincidentally a business that had very close ties to GWB’s grandfather and his father, 41.
Apparently, Cheney, captain of industry, didn’t understand the term “due diligence.” He failed to notice all the asbestos claims, both in the States and abroad, against Dresser. In one pesky “class action” case there was a $30 million award. Also, there are billions of dollars in claims in other countries.
So, for all the conspiracy theorists out there, thankfully there was a convenient war to help out Halliburton get some much needed cash to avert a possible bankruptcy.
And now while we are all in an uproar about the pending Social Security Scheme, below the radar is another attempt to help out Cheney and Halliburton with those “frivolous asbestos claims.” Congress is set to vote on FAIR this week.
What are we going to do about this?
Contact your representatives NOW.
Absolute Power Corrupts Absolutely.
posted by Tuli | 10:42 AM
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