Wednesday, June 02, 2004

Bad Day for BushCo 

It was a bad day to own stock in BushCo. First of all, the Vice Chairman has been implicated in awarding contracts to his former employer:
Shortly before the Pentagon awarded a division of oil services contractor Halliburton Co. a sole-source contract to help restore Iraqi oil fields last year, an Army Corps of Engineers official wrote an e-mail saying the award had been "coordinated" with the office of Vice President Cheney, Halliburton's former chief executive.

The March 5, 2003, e-mail, disclosed over the weekend by Time magazine, noted that Douglas Feith, a senior Pentagon official, had signed off on the deal "contingent on informing WH [the White House] tomorrow."

"We anticipate no issues since action has been coordinated w VP's office," it continued.

Three days later, Halliburton subsidiary KBR was granted the contract, which was worth as much as $7 billion, according to information on the Army Corps of Engineers Web site.
The CEO of BushCo, Mr. GW Bush is seeking a lawyer to represent him in the Plame case.
President Bush has sought a lawyer to represent him in the criminal probe into who was responsible for a leak that was seen as retaliation against a critic of the Iraq war, CBS Evening News reported on Wednesday.
Why is Georgie worried? Is it possible that the treasonous leak came from his office?

Analyst have rated BushCo stock as a Strong Sell. I recommend you buy short on BushCo and long on Kerry.