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Blue Belle Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Feb-23-06 12:07 AM
Original message
Does anyone know anything about Lady Bird Johnson's supposive ties to...
Haliburton??

I just got off the phone with my Rush Brainwashed Dad and he was going on and on about how Lady Bird Johnson has more stock in Haliburton than Dick Cheney. I'm pretty sure he got this from Rush... but who knows. I was just so taken aback... they try to pin everything on Democrats. :eyes:

He then try to tell me that the Democratic Party was the most prominent party in Texas.... that's when I had to go answer the imaginary door-bell.

So anyway... does anyone know if there is any truth to the Lady Bird Johnson/ Haliburton theory??
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Captain Hilts Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Feb-23-06 12:08 AM
Response to Original message
1. She got a lot of cash, she's probably got some invested with them. nt
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Lindacooks Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Feb-23-06 12:15 AM
Response to Original message
2. So what? She's not directing government policy making them rich.
That's the point. Dead-eye Dick is enriching himself with all those no-bid contracts.
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rg302200 Donating Member (495 posts) Send PM | Profile | Ignore Thu Feb-23-06 12:16 AM
Response to Original message
3. Its no secret that L.B.J was in league with big oil
but he wasn't nearly as bad as Dubya! I am not sure about his wife's ties though. But considering the fact they had money I would say she probably does own stock in the company.

But that is besides the point! Lady Bird never worked for Haliburton...Cheney did, and he is in a position of power to make what stock he does have worth a whole lot more! That is why it is a f****d up situation!
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1932 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Feb-23-06 12:33 AM
Response to Reply #3
6. Democrats brought Oil to the Dance, but they ended up leaving with
Edited on Thu Feb-23-06 12:33 AM by 1932
Republicans.

At the turn of the century, vested intterests tried to shut out oil because it was going to disrupt the order of things. Democrats supported oil becuase the vested interests were represented by Rebulicans.
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JDPriestly Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Feb-23-06 02:14 AM
Response to Reply #3
9. Johnson was Brown & Root's man in Washington
I'm recommending as often as I can that people read Briody: The Halliburton Agenda, The Politics of Oil and Money. It tells the whole story. Johnson started the entire Brown & Root, Halliburton takeover of the U.S. government. Johnson was a close friend of Alvin Wirtz partner in Powell, Wirtz, Rauhut & Gideon and counsel to Brown & Root. Brown & Root started doing government projects during the Roosevelt era -- with Johnson's help. The first was the Marshall Ford Dam. It went on until Halliburton which had been bought by or somehow merged with Brown & Root had paved everything pavable in Vietnam and it was time to find some other empty space to pave -- for fun and profit.

How about this for a taste:

"I have some money that I want to know what to do with . . . I was wondering . . . just who should be getting it, and I will be collecting more from time to time." This generous offer was made by George Brown to Lyndon Johnson in January 1960. this transcript of a phone call, placed after more than two decades of what ultimately amounted to illegal campaign contributions to Johnson and his colleagues, demonstrates just how committed the Browns were to their favorite politician. Even after millions of dollars had been raised on Johnson's behalf, the Browns were still willing and able to give.

The Browns understood something about the politics of their day that few of their competitors recognized. To really get your money's worth out of a politician, you have to go all out. Lumping money into a crowded pot gets you nowhere. To really get things done in Washington, you can't just support your politician -- you have to own your politician. "They would contribute substantially as hell if their friend, somebody who had helped them, had a political campaign," recalled Ed Clark, longtime Brown & Root attorney. Johnson knew that without Herman Brown's money, he would never achieve the one thing he had always dreamed of: becoming president of the United States. Johnson knew this because Brown continually reminded him of the power of his money by meeting Johnson's every financial need. And Brown insisted that Johnson provide a return on his investment by keeping the contracts coming. In fact, taking one look at his voting record on issues like labor laws, corporate taxes, and government regulation made it relatively easy to see that Johnson was working for Brown & Root, not the people of his district or state. Another indicator was the history of giant and costly public works programs that Johnson had fought to bring to Texas, which inevitably included Brown & Root as the contractor.

Though the world could see what Johnson was doing for Brown & Root, it was considerably more difficult to see what Brown & Root was doing for Johnson. People familiar with the relationship suspected that money must be changing hands. But few in the laissez-faire political environment of Texas cared enough to follow up on it. It was accepted as the way business was done. Mostly though, Texans just wanted to get in on the action. Other politicians in the state came to know that Lyndon Johnson was the man to see to get some of Herman Brown's money. Businessmen in the state knew that the way to get political influence was through Herman Brown. If anything was getting done in 1940s Texas, it was going to have to go through either Johnson or Brown, the most powerful team in the state.

pages 115-116 of Briody's book. I can't recommend the book highly enough. Please, please read it.
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JDPriestly Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Feb-23-06 02:19 AM
Response to Reply #3
10. Read Briody: The Halliburton Agenda
Johnson was in Halliburton's pocket -- really deep -- too deep to ever get out.
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Coastie for Truth Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Feb-23-06 12:19 AM
Response to Original message
4. Don't know about Lady Bird-
but the way Halliburton buys up small companies (they grow by both graft and acquisition) there's lots of techno-geek engineers who have Halliburton stock in their "Roll Over IRA's".
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ISUGRADIA Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Feb-23-06 12:21 AM
Response to Original message
5. "the most prominent party in Texas"
I'd love to hear how from him since the Rs have both Senate seats, 2/3 of the US House Seats, the state House, the State Senate and all statewide offices.
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mrbill Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Feb-23-06 12:45 AM
Response to Original message
7. LBJ was the senator from Brown and Root.............
Strange but true, Brown and Root had the construction contracts in Viet Nam.

Brown and Root was later acquired by Halliburton. For fun google LBJ/Brown and Root.

And the Democratic Party was the most prominent in Texas until the Reagan years.

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Media_Lies_Daily Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Feb-23-06 12:54 AM
Response to Original message
8. The story I heard about Lady Bird was the stock she bought....
...in General Dynamics and Bell Helicoptor about six months before LBJ escalated the war in Vietnam. The Johnsons moved into the White House with a net worth of $200,000...they left the White House with a net worth of about $6 million dollars. That was a lot of money in the late 1960s.
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proud2BlibKansan Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Feb-23-06 02:20 AM
Response to Original message
11. Isn't she dead?
How can she own stock?
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donheld Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Feb-23-06 02:35 AM
Response to Original message
12. She probably doesn't even handle her own finances
She's about 94 years old give an old lady a break.
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