Philanthropy Expert: Conservatives Are More Generous

ryson

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http://www.beliefnet.com/story/204/story_20419.html


Philanthropy Expert: Conservatives Are More Generous
By Frank Brieaddy
Religion News Service

SYRACUSE, N.Y. -- Syracuse University professor Arthur C. Brooks is about to become the darling of the religious right in America -- and it's making him nervous.

The child of academics, raised in a liberal household and educated in the liberal arts, Brooks has written a book that concludes religious conservatives donate far more money than secular liberals to all sorts of charitable activities, irrespective of income.

In the book, he cites extensive data analysis to demonstrate that values advocated by conservatives -- from church attendance and two-parent families to the Protestant work ethic and a distaste for government-funded social services -- make conservatives more generous than liberals.

The book, titled "Who Really Cares: The Surprising Truth About Compassionate Conservatism" (Basic Books, $26), is due for release Nov. 24.

When it comes to helping the needy, Brooks writes: "For too long, liberals have been claiming they are the most virtuous members of American society. Although they usually give less to charity, they have nevertheless lambasted conservatives for their callousness in the face of social injustice."

For the record, Brooks, 42, has been registered in the past as a Democrat, then a Republican, but now lists himself as independent, explaining, "I have no comfortable political home."

Since 2003 he has been director of nonprofit studies for Syracuse University's Maxwell School of Citizenship and Public Affairs.

Outside professional circles, he's best known for his regular op-ed columns in The Wall Street Journal (13 over the past 18 months) on topics that stray a bit from his philanthropy expertise.

One noted that people who drink alcohol moderately are more successful and charitable than those who don't (like him). Another observed that liberals are having fewer babies than conservatives, which will reduce liberals' impact on politics over time because children generally mimic their parents.

Brooks is a behavioral economist by training who researches the relationship between what people do -- aside from their paid work -- why they do it, and its economic impact.

He's a number cruncher who relied primarily on 10 databases assembled over the past decade, mostly from scientific surveys. The data are adjusted for variables such as age, gender, race and income to draw fine-point conclusions.

His Wall Street Journal pieces are researched, but a little light.

His book, he says, is carefully documented to withstand the scrutiny of other academics, which he said he encourages.

The book's basic findings are that conservatives who practice religion, live in traditional nuclear families and reject the notion that the government should engage in income redistribution are the most generous Americans, by any measure.

Conversely, secular liberals who believe fervently in government entitlement programs give far less to charity. They want everyone's tax dollars to support charitable causes and are reluctant to write checks to those causes, even when governments don't provide them with enough money.

Such an attitude, he writes, not only shortchanges the nonprofits but also diminishes the positive fallout of giving, including personal health, wealth and happiness for the donor and overall economic growth.
All of this, he said, he backs up with statistical analysis.

"These are not the sort of conclusions I ever thought I would reach when I started looking at charitable giving in graduate school, 10 years ago," he writes in the introduction. "I have to admit I probably would have hated what I have to say in this book."

Still, he says it forcefully, pointing out that liberals give less than conservatives in every way imaginable, including volunteer hours and donated blood.

In an interview, Brooks said he recognizes the need for government entitlement programs, such as welfare. But in the book he finds fault with all sorts of government social spending, including entitlements.

Repeatedly he cites and disputes a line from a Ralph Nader speech to the NAACP in 2000: "A society that has more justice is a society that needs less charity."

Harvey Mansfield, professor of government at Harvard University and 2004 recipient of the National Humanities Medal, does not know Brooks personally but has read the book.

"His main finding is quite startling, that the people who talk the most about caring actually fork over the least," he said. "But beyond this finding I thought his analysis was extremely good, especially for an economist. He thinks very well about the reason for this and reflects about politics and morals in a way most economists do their best to avoid."

Brooks says he started the book as an academic treatise, then tightened the documentation and punched up the prose when his colleagues and editor convinced him it would sell better and generate more discussion if he did.

To make his point forcefully, Brooks admits he cut out a lot of qualifying information.

"I know I'm going to get yelled at a lot with this book," he said. "But when you say something big and new, you're going to get yelled at."
 

DOGS THAT BARK

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Had just read that Ryson and was going to post in Ctowns thread where the libs were engaing in their "hypocritical" assessments--

as always there will be those that talk the talk and walk the walk :)

Would be curious of $ amount of his "far more" number.
 

MrChristo

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In the book, he cites extensive data analysis to demonstrate that values advocated by conservatives -- from church attendance

Well, there's, what?...$20 a week for a start?...giving to the priest is hardly donating to help society. :shrug:

One noted that people who drink alcohol moderately are more successful and charitable than those who don't


er, or people who are "more successful" have the disposable income and can afford to drink and give...:shrug: :shrug:

live in traditional nuclear families

Again, have more disposable income.

Such an attitude, he writes, not only shortchanges the nonprofits but also diminishes the positive fallout of giving, including personal health

He's just taking the piss now!!...strangely enough, people who can't afford to keep themselves in good personal health, can't exactly afford to dish out to save the whales!

Hardly startling stuff....I'd suspect (i could be wrong) the average "conservative" is a lot older than your average "liberal"...and so has more disposable income...

...or maybe more conservative types simply feel more aloof, and it mkes them feel good to throw some coins at the dregs of society... ;)

Who knows. Either way, it sounds like a ****ing rediculous argument to me! :shrug:
 
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phar.lap

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One noted that people who drink alcohol moderately are more successful and charitable than those who don't


er, or people who are "more successful" have the disposable income and can afford to drink and give...:shrug: :shrug:

live in traditional nuclear families

Again, have more disposable income.

You seemed to have skipped over this part...

"He's a number cruncher who relied primarily on 10 databases assembled over the past decade, mostly from scientific surveys. The data are adjusted for variables such as age, gender, race and income to draw fine-point conclusions."

That is, he has made allowances for income already. So it isnt part of the equation. The comparisons are done on a like-for-like basis.

You have a very poor grasp of statistical concepts....something I have noted from your "trends" in the NFL section.
 

StevieD

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As Weasel would say Something you won't see in the mainstream press.

http://www.democraticunderground.com/articles/04/06/18_halliburton.html


Connect the Dots Between Iraq and America Through Halliburton


June 18, 2004


By Evelyn Pringle


To fully understand Cheney's role in the administration's war
profiteering scheme, all we have to do is follow the money and connect
the dots.


While still in the first Bush administration, Cheney used his
government job to bring billions of dollars in new business to his
future employer.


In 1992, Cheney retained Halliburton to undertake a study on
outsourcing some of the Defense Department's work.


That study resulted in about 2,700 new government contracts, worth
billions to Halliburton.


Then after becoming CEO, he used his connections to double the value
of governement contracts over the next 5 years.


However, Halliburton was also dependent on business with Iran, Iraq,
and Libya.


According to Cheney's now famous one-liner, dealing with regimes under
US sanctions was necessary because "the good Lord didn't see fit to
put oil and gas only where there are democratic regimes friendly to
the United States."


Along with dealing with members of what Bush calls the Axis of Evil,
Cheney helped Halliburton increase its number of offshore tax havens
from 9 to 44.


In just one year (1998-99), it went from paying $302 million in taxes
to getting an $85 million refund.


In 1992, while still in the last Bush administration, Cheney and
Wolfowitz worked on a new defense policy.


The plan called for a dominant American military to "establish and
protect a new order" that discouraged allies from challenging our
leadership and "deterring potential competitors from even aspiring to
a larger regional or global role."


Only public outcry kept the plan from being implemented.


Five years later in 1997, while Halliburton was doing business with
the Axis of Evil, Cheney helped form PNAC along with Donald Rumsfeld,
Paul Wolfowitz, and Jeb Bush.


Its stated purpose was to ensure America's global dominance through
strategic use of its military.


In January 1998, PNAC asked Clinton to "undertake military action" and
remove Saddam from power.


This happened more than 10 months before the UN inspectors left Iraq.


When Clinton hadn't taken action five months later, they sent a letter
to Newt Gingrich and Trent Lott, and cited even more info about how
dangerous Saddam was.


They said: "we should establish and maintain a strong U.S. military
presence in the region, and be prepared to use that force to protect
our vital interests in the Gulf - and, if necessary, to help remove
Saddam from power."


The question is, why would these guys want to declare war on Iraq, and
then list regime change third in the list "if necessary"?


Where did they rate getting rid of WMDs on the list?


So here we have Cheney, CEO of a company deeply embedded in the oil
and defense department industries, urging Clinton, Gingrich and Lott
to wage war against Iraq, owner of the world's second largest oil
reserve, in the absence of a direct threat, when the company he runs
would benefit financially from every aspect of the war.


How could there be a greater conflict of interest than this?


When Bush and Cheney moved into the White House, the war profiteering
plan moved ahead in leaps and bounds.


The story they tell is that Halliburton was awarded no-bid contracts
because it was the best company for the job.


And besides, Cheney couldn't benefit from the contract.


He didn't have anything to do with Halliburton anymore.


I heard Cheney tell Tim Russert on Meet the Press:


"I've severed all my ties with the company, gotten rid of all my
financial interest. I have no financial interest in Halliburton of any
kind and haven't had, now, for over three years."


Then a funny thing happened.


Records started popping up in the media that showed Cheney still
received deferred compensation and owned 433,000 stock options.


The Congressional Research Service says stock options and deferred
salary "are among those benefits described as 'retained ties' or
'linkages' to one's former employer."


And here's another thing:


I need somebody to explain why, if Cheney is so sure that there's no
conflict of interest involving his past employment with Halliburton,
does his White House bio make no mention whatsoever of what he was up
to between 1993 and 2000?


Big-time CEO of a billion-dollar company and he doesn't even list it
on his resume?


I'm sure its just an oversight, right?


I guess he forgot about that thirty-some million dollar retirement
package he walked away with after only five years of service to the
company.


But not to worry - last fall, Cheney as much as swore that he had no
involvement in awarding defense contracts to Halliburton.


He must like Russert because he always explains himself to Tim when he
appears on Meet the Press.


Last fall he specifically told Tim that, "As vice president, I have
absolutely no influence of, involvement of, knowledge of in any way,
shape or form of contracts let by the Corps of Engineers or anybody
else in the federal government."


Now, that's about the most all encompassing denial I think I've ever
heard.


Clear as a bell!


But lo and behold, what does this mean?


According to an article in the LA Times, Cheney's declaration of
ignorance and detachment from the Halliburton contract process no
longer holds water.


In fact, it says, "Pentagon officials have acknowledged that a
political appointee was behind the controversial decision to have
Halliburton Inc. plan for the postwar recovery of Iraq's oil sector
and had informed Vice President Dick Cheney's chief of staff before
finalizing the deal, a Democratic lawmaker said Sunday.


The decision, overruling the advice of an Army lawyer, eventually
resulted in the awarding of a $7-billion, no-bid contract to
Halliburton, which Cheney ran for five years before he was nominated
for vice president."


I could hardly believe my eyes.


Could America's vice-president be lying?


Goodness!


Who would have thought?


From day one, I have objected, often and loudly, to my tax dollars
being funneled through Iraq over the bodies of our dead soldiers back
into the coffers of this corrupt administration.


I think it is really sad that it has taken so long, with about $200
billion wasted, and close to 1000 dead Americans, for people to
finally starting seeing what some of us have known all along.


_______
 

The Sponge

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Aug 24, 2006
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As Weasel would say Something you won't see in the mainstream press.

http://www.democraticunderground.com/articles/04/06/18_halliburton.html


Connect the Dots Between Iraq and America Through Halliburton


June 18, 2004


By Evelyn Pringle


To fully understand Cheney's role in the administration's war
profiteering scheme, all we have to do is follow the money and connect
the dots.


While still in the first Bush administration, Cheney used his
government job to bring billions of dollars in new business to his
future employer.


In 1992, Cheney retained Halliburton to undertake a study on
outsourcing some of the Defense Department's work.


That study resulted in about 2,700 new government contracts, worth
billions to Halliburton.


Then after becoming CEO, he used his connections to double the value
of governement contracts over the next 5 years.


However, Halliburton was also dependent on business with Iran, Iraq,
and Libya.


According to Cheney's now famous one-liner, dealing with regimes under
US sanctions was necessary because "the good Lord didn't see fit to
put oil and gas only where there are democratic regimes friendly to
the United States."


Along with dealing with members of what Bush calls the Axis of Evil,
Cheney helped Halliburton increase its number of offshore tax havens
from 9 to 44.


In just one year (1998-99), it went from paying $302 million in taxes
to getting an $85 million refund.


In 1992, while still in the last Bush administration, Cheney and
Wolfowitz worked on a new defense policy.


The plan called for a dominant American military to "establish and
protect a new order" that discouraged allies from challenging our
leadership and "deterring potential competitors from even aspiring to
a larger regional or global role."


Only public outcry kept the plan from being implemented.


Five years later in 1997, while Halliburton was doing business with
the Axis of Evil, Cheney helped form PNAC along with Donald Rumsfeld,
Paul Wolfowitz, and Jeb Bush.


Its stated purpose was to ensure America's global dominance through
strategic use of its military.


In January 1998, PNAC asked Clinton to "undertake military action" and
remove Saddam from power.


This happened more than 10 months before the UN inspectors left Iraq.


When Clinton hadn't taken action five months later, they sent a letter
to Newt Gingrich and Trent Lott, and cited even more info about how
dangerous Saddam was.


They said: "we should establish and maintain a strong U.S. military
presence in the region, and be prepared to use that force to protect
our vital interests in the Gulf - and, if necessary, to help remove
Saddam from power."


The question is, why would these guys want to declare war on Iraq, and
then list regime change third in the list "if necessary"?


Where did they rate getting rid of WMDs on the list?


So here we have Cheney, CEO of a company deeply embedded in the oil
and defense department industries, urging Clinton, Gingrich and Lott
to wage war against Iraq, owner of the world's second largest oil
reserve, in the absence of a direct threat, when the company he runs
would benefit financially from every aspect of the war.


How could there be a greater conflict of interest than this?


When Bush and Cheney moved into the White House, the war profiteering
plan moved ahead in leaps and bounds.


The story they tell is that Halliburton was awarded no-bid contracts
because it was the best company for the job.


And besides, Cheney couldn't benefit from the contract.


He didn't have anything to do with Halliburton anymore.


I heard Cheney tell Tim Russert on Meet the Press:


"I've severed all my ties with the company, gotten rid of all my
financial interest. I have no financial interest in Halliburton of any
kind and haven't had, now, for over three years."


Then a funny thing happened.


Records started popping up in the media that showed Cheney still
received deferred compensation and owned 433,000 stock options.


The Congressional Research Service says stock options and deferred
salary "are among those benefits described as 'retained ties' or
'linkages' to one's former employer."


And here's another thing:


I need somebody to explain why, if Cheney is so sure that there's no
conflict of interest involving his past employment with Halliburton,
does his White House bio make no mention whatsoever of what he was up
to between 1993 and 2000?


Big-time CEO of a billion-dollar company and he doesn't even list it
on his resume?


I'm sure its just an oversight, right?


I guess he forgot about that thirty-some million dollar retirement
package he walked away with after only five years of service to the
company.


But not to worry - last fall, Cheney as much as swore that he had no
involvement in awarding defense contracts to Halliburton.


He must like Russert because he always explains himself to Tim when he
appears on Meet the Press.


Last fall he specifically told Tim that, "As vice president, I have
absolutely no influence of, involvement of, knowledge of in any way,
shape or form of contracts let by the Corps of Engineers or anybody
else in the federal government."


Now, that's about the most all encompassing denial I think I've ever
heard.


Clear as a bell!


But lo and behold, what does this mean?


According to an article in the LA Times, Cheney's declaration of
ignorance and detachment from the Halliburton contract process no
longer holds water.


In fact, it says, "Pentagon officials have acknowledged that a
political appointee was behind the controversial decision to have
Halliburton Inc. plan for the postwar recovery of Iraq's oil sector
and had informed Vice President Dick Cheney's chief of staff before
finalizing the deal, a Democratic lawmaker said Sunday.


The decision, overruling the advice of an Army lawyer, eventually
resulted in the awarding of a $7-billion, no-bid contract to
Halliburton, which Cheney ran for five years before he was nominated
for vice president."


I could hardly believe my eyes.


Could America's vice-president be lying?


Goodness!


Who would have thought?


From day one, I have objected, often and loudly, to my tax dollars
being funneled through Iraq over the bodies of our dead soldiers back
into the coffers of this corrupt administration.


I think it is really sad that it has taken so long, with about $200
billion wasted, and close to 1000 dead Americans, for people to
finally starting seeing what some of us have known all along.


_______

Stevie this prick should be hanging from a noose somewhere. These bastards don't give a dick about those troops. Its the almighty dollar.. this shit is so far under the typical americans radar its sickening. they just keep getting away with it.
 

DOGS THAT BARK

Registered User
Forum Member
Jul 13, 1999
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217
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Bowling Green Ky
Phar--they are not much on stats or facts--and all BS aside-- from handicapping stand point have often wondered how they look at things objectively while discounting the obvious.

Stevie I'm going to give you -one attaboy--While your link is definately from opinionated source you did put it up--which is 1st step to accountabilty.

Don't know why I put following up as there have been several of same of Cheney/Halibuton and hasn't changed any liberals mind yet as they pop up with these ever 2 or 3 months but here goes anyway---
http://www.factcheck.org/article261.html

++++++++++++++++++++++++++++++++++
Kerry Ad Falsely Accuses Cheney on Halliburton
Contrary to this ad's message, Cheney doesn't gain financially from the contracts given to the company he once headed.

A Kerry ad implies Cheney has a financial interest in Halliburton and is profiting from the company's contracts in Iraq. The fact is, Cheney doesn't gain a penny from Halliburton's contracts, and almost certainly won't lose even if Halliburton goes bankrupt.

The ad claims Cheney got $2 million from Halliburton "as vice president," which is false. Actually, nearly $1.6 million of that was paid before Cheney took office. More importantly, all of it was earned before he was a candidate, when he was the company's chief executive.


Analysis



A Kerry ad released Sept 17 once again attacks Cheney's ties to Halliburton, implying that Cheney is profiting from the company's contracts in Iraq. That's false.

Kerry-Edwards Ad

"Cheney Halliburton"

Cheney: I have no financial interest in Halliburton of any kind and haven't had now for over three years.

Announcer: The truth: As vice president, Dick Cheney received $2 million from Halliburton. Halliburton got billions in no bid contracts in Iraq. Dick Cheney got $2 million. What did we get? A $200 billion dollar bill for Iraq. Lost jobs. Rising health care costs. It's time for a new direction.

John Kerry. Stronger at home. Respected in the world.

Announcer: I'm John Kerry, and I approve this message.

The ad isn't subtle. It says, "As vice president, Dick Cheney received $2 million from Halliburton. Halliburton got billions in no bid contracts in Iraq. Dick Cheney got $2 million. What did we get?" And it implies that Cheney lied to the public when he said in a TV interview that "I have no financial interest in Halliburton of any kind."

But as we document here, Cheney has insulated himself financially from whatever might happen to Halliburton. The Kerry ad misstates the facts.

$2 Million

To start, the $2 million figure is wrong. It is true that Cheney has received just under $2 million from Halliburton since his election, but nearly $1.6 million of that total was paid before Cheney actually took office on Jan. 20, 2001. Saying Cheney got that much "as vice president" is simply false.

We asked Cheney's personal attorney to document that, and he did, supplying several documents never released publicly before:

A Halliburton pay statement dated Jan 2, 2001 shows just under $147,579 was paid that day as "elect defrl payou," meaning payout of salary from the company's Elective Deferral Plan. That was salary Cheney had earned in 1999, but which he had chosen previously to receive in five installments spread over five years.
Another pay statement dated Jan. 18 shows $1,451,398 was paid that day under the company's "Incentive Plan C" for senior executives. That was Cheney's incentive compensation -- bonus money -- paid on the basis of the company's performance in 2000. Cheney had formally resigned from the company the previous September to campaign full time, but the amount of his bonus couldn't be calculated until the full year's financial results were known.
Cheney's personal financial disclosure forms, together with the pay statements just mentioned, show that Cheney has received $398,548 in deferred salary from Halliburton "as vice president." And of course, all of that is money he earned when he was the company's chief executive officer. Cheney was due to receive another payment in 2004, and a final payment in 2005.

The Kerry ad isn't the only place the false $2 million figure appears. The Democratic National Committee also gets it wrong on their website. The dates of the Halliburton payments don't appear on Cheney's personal financial disclosure form from 2001, and the DNC assumed -- incorrectly as we have shown -- that all the 2001 payment were made after he took office.

Deferred Salary

The $398,548 Halliburton has paid to Cheney while in office is all deferred compensation, a common practice that high-salaried executives use to reduce their tax bills by spreading income over several years. In Cheney's case, he signed a Halliburton form in December of 1998 choosing to have 50% of his salary for the next year, and 90% of any bonus money for that year, spread out over five years. (As it turned out, there was no bonus for 1999.) We asked Cheney's personal attorney to document the deferral agreement as well, and he supplied us with a copy of the form , posted here publicly for the first time.

Legally, Halliburton can't increase or reduce the amount of the deferred compensation no matter what Cheney does as vice president. So Cheney's deferred payments from Halliburton wouldn't increase no matter how much money the company makes, or how many government contracts it receives.

On the other hand, there is a possibility that if the company went bankrupt it would be unable to pay. That raises the theoretical possibility of a conflict of interest -- if the public interest somehow demanded that Cheney take action that would hurt Halliburton it could conceivably end up costing him money personally. So to insulate himself from that possible conflict, Cheney purchased an insurance policy (which cost him$14,903) that promises to pay him all the deferred compensation that Halliburton owes him even if the company goes bust and refuses to pay. The policy does contain escape clauses allowing the insurance company to refuse payment in the unlikely events that Cheney files a claim resulting "directly or indirectly" from a change in law or regulation, or from a "prepackaged" bankruptcy in which creditors agree on terms prior to filing. But otherwise it ensures Cheney will get what Halliburton owes him should it go under.

Cheney aides supplied a copy of that policy to us -- blacking out only some personal information about Cheney -- which we have posted here publicly for the first time.

Stock Options

That still would leave the possibility that Cheney could profit from his Halliburton stock options if the company's stock rises in value. However, Cheney and his wife Lynne have assigned any future profits from their stock options in Halliburton and several other companies to charity. And we're not just taking the Cheney's word for this -- we asked for a copy of the legal agreement they signed, which we post here publicly for the first time.

The "Gift Trust Agreement" the Cheney's signed two days before he took office turns over power of attorney to a trust administrator to sell the options at some future time and to give the after-tax profits to three charities. The agreement specifies that 40% will go to the University of Wyoming (Cheney's home state), 40% will go to George Washington University's medical faculty to be used for tax-exempt charitable purposes, and 20% will go to Capital Partners for Education , a charity that provides financial aid for low-income students in Washington, DC to attend private and religious schools.

The agreement states that it is "irrevocable and may not be terminated, waived or amended," so the Cheney's can't take back their options later.

The options owned by the Cheney's have been valued at nearly $8 million, his attorney says. Such valuations are rough estimates only -- the actual value will depend on what happens to stock prices in the future, which of course can't be known beforehand. But it is clear that giving up rights to the future profits constitutes a significant financial sacrifice, and a sizeable donation to the chosen charities.

"Financial Interest"

Democrats have taken issue with Cheney's statement to Tim Russert on NBC's Meet the Press Sept. 14, 2003, when he said he had no "financial interest" in Halliburton:

Cheney (Sept. 14, 2003): I've severed all my ties with the company, gotten rid of all my financial interests. I have no financial interest in Halliburton of any kind and haven't had now for over three years. And as vice president, I have absolutely no influence of, involvement of, knowledge of in any way, shape or form of contracts led by the Corps of Engineers or anybody else in the federal government.

Shortly after that, Democratic Sen. Frank Lautenberg released a legal analysis he'd requested from the Congressional Research Service. Without naming Cheney, the memo concluded a federal official in his position -- with deferred compensation covered by insurance, and stock options whose after-tax profits had been assigned to charity -- would still retain an "interest" that must be reported on an official's annual disclosure forms. And in fact, Cheney does report his options and deferred salary each year.

But the memo reached no firm conclusion as to whether such options or salary constitute an "interest" that would pose a legal conflict. It said "it is not clear" whether assigning option profits to charity would theoretically remove a potential conflict, adding, "no specific published rulings were found on the subject." And it said that insuring deferred compensation "might" remove it as a problem under conflict of interest laws.

Actually, the plain language of the Office of Government Ethics regulations on this matter seems clear enough. The regulations state: "The term financial interest means the potential for gain or loss to the employee . . . as a result of governmental action on the particular matter." So by removing the "potential for gain or loss" Cheney has solid grounds to argue that he has removed any "financial interest" that would pose a conflict under federal regulations.

Conflict of Interest

It is important to note here that Cheney could legally have held onto his Halliburton stock options, and no law required him to buy insurance against the possibility that Halliburton wouldn't pay the deferred compensation it owes him. Both the President and Vice President are specifically exempted from federal conflict-of-interest laws, for one thing, as are members of Congress and federal judges.

And even federal officials who are covered by the law may legally own a financial interest in a company, provided they formally recuse themselves -- stand aside -- from making decisions that would have a "direct and predictable effect on that interest." And Cheney says he's done just that.

Cheney says he takes no part in matters relating to Halliburton, and so far we've seen no credible allegation to the contrary. Time magazine reported in its June 7 edition that an e-mail from an unnamed Army Corps of Engineers official stated that a contract to be given to Halliburton in March 2003 "has been coordinated w VP's [Vice President's] office." But it wasn't clear who wrote that e-mail, whether the author had direct knowledge or was just repeating hearsay, or even what was meant by the word "coordinated," which could mean no more than that somebody in Cheney's office was being kept informed of contract talks.

Indeed, a few days later it was revealed that Cheney's chief of staff Lewis "Scooter" Libby was informed in advance that Halliburton was going to receive an earlier contract in the fall of 2002 -- to secretly plan post-war repair of Iraq's oil facilities. But being informed of a decision after it is made is a far cry from taking part in making it. And according to the White House, Libby didn't even pass on the information to Cheney anyway.

So to sum up, this Kerry ad's implication that Cheney has a financial interest in Halliburton is unfounded and the $2 million figure is flat wrong
 
Last edited:

DOGS THAT BARK

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--and if you hear rants from blogs on Cheney getting tax refund--without them going into why-let me cut that one off at knees also.

From USA Today

Bushes report adjusted gross income of $735,180
Updated 4/15/2006 3:35 AM ET E-mail | Save | Print | Subscribe to stories like this



WASHINGTON (AP) ? President Bush and Vice President Dick Cheney beat the tax-filing deadline this year. Bush paid $187,000 while Cheney, who overpaid his taxes, is awaiting a whopping refund.
Bush and the first lady paid $187,768 in federal taxes this year on income of $735,180. Cheney and his wife made more than 10 times as much, but are entitled to a $1.9 million refund.

According to the president's tax return released Friday by the White House, the Bushes had adjusted gross income of $735,180 ? about $50,000 less than the year before.

The couple paid $187,768 in federal taxes for last year ? about $19,500 less than they paid the Internal Revenue Service for 2004.

Their income included Bush's presidential salary ? about $400,000 ? and investment income from trusts that hold their assets.

The Bushes contributed $75,560 ? about 10% of their income ? to churches and charitable organizations. Those included the American Red Cross and the Salvation Army's funds for hurricane relief in the United States and earthquake aid in Pakistan. They also gave to Martha's Table, which provides food and services to the underprivileged in the Washington area, the Archdiocese of New Orleans Catholic Charities and the Mississippi Food Network.

The Bushes paid $26,172 in state property taxes on their ranch near Crawford, Texas, up about $4,000 from the year before.

The Cheneys reported adjusted gross income of nearly $8.82 million, a number largely padded with income they received by exercising stock options that had been set aside in 2001 for charity.

The Cheneys donated about $6.87 million to charity from the stock options and royalties earned on Mrs. Cheney's books: "America: A Patriotic Primer," "A is for Abigail: An Almanac of Amazing American Women" and "When Washington Crossed the Delaware: A Wintertime Story for Young Patriots."

Recipients of their charitable donations included George Washington University Medical Faculty Associates for the benefit of the Cardiothoracic Institute, the University of Wyoming Foundation and Capital Partners for Education, to benefit low-income high school students in the Washington area.

After subtracting the charitable contributions, the Cheneys' income was $1.95 million on which they owed $529,636 in taxes, according to a statement released by Cheney's office.

Since the Cheneys paid $2.46 million in withholding and estimated taxes over the year, they were entitled to a refund of about $1.93 million.

The Cheneys' income included the vice president's $205,031 government salary and $211,465 in deferred compensation from Halliburton Co., the Dallas-based energy services firm he headed until Aug. 16, 2000.

Cheney opted in December 1998 to recoup over five years a portion of the money he made in 1999 as Halliburton's chief executive officer. This amount was to be paid in annual installments ? with interest ? after Cheney's retirement from the company. The 2005 payment is the last.

The White House has said that the amount of deferred compensation received by Cheney is fixed and is not affected by Halliburton's current economic performance or earnings.

The Cheneys' tax return also reports Mrs. Cheney's royalty income from her book, "A Time for Freedom: What Happened When in America," salary income from the American Enterprise Institute and a retirement benefit from Reader's Digest. Mrs. Cheney served on the Reader's Digest board of directors until retiring in 2003.

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Bottom line --if speaking of charitble values of politicians in general--and your a liberal --would be best to change subject ;)

The REAL irony here is your potential pres candidates-- Kerry stiffs charity for 0--Gore contributes $343--Edwards dodges 1/2 Mill in social security--AND have their lemmings convinced THEY are for the little guy--amusing to say the least.
 
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djv

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I think someone for got about the two richest men in world. And a third one that is about 30th. They give Billions. And there not conservatives.
That's BILLIONS each year. I think you all know there names. And don't for get one Lady. A Black one at that she gives millions. And she is not close to a conservative. Yes We might have a few more conservatives showing up Sunday and dropping 20 bucks in the pot.. But They have some tight pockets after that. It's just Many of them it's there nature.
 
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