Wednesday, March 07, 2007

Sometimes the Hypocrisy Is, Well, Delicious

The purchase of a large block of Halliburton shares by liberal billionaire, George Soros, would ordinarily be no big deal. Many years ago I worked closely with Halliburton engineers on a project and regard them as a world-class company with skill-sets no other company can match. I have never understood the abuse Halliburton receives from the far left, but then again there is a lot the far left does and believes that I will never understand.

Soros buys Halliburton
Tue, 02/27/2007
Foreign Policy Passport

Normally, I'm willing to overlook the hypocrisy of the liberal elite. If Al Gore and his Hollywood cronies want to fly around on gas-guzzling, atmosphere-polluting private jets while railing against global climate change, I'm willing to overlook it.

But the latest move by globe trotting, hyper-liberal billionaire George Soros borders on being too much. According to papers filed with the SEC, in the fourth quarter of 2006 Soros purchased nearly 2 million shares of ... hold your breath ... Halliburton. The Halliburton shares reportedly went for an average purchase price of $31.30 a share. That puts Soros' total investment in Halliburton at around $62.6 million, or about 2 percent of his total portfolio.

Soros, of course, is the dean of Democratic money giving. And Halliburton, of course, is the company that embodies everything the Democrats see as evil. Dick Cheney is its former chief, for goodness' sake. But Soros is also a man of contradictions. He supported campaign finance reform for years, only to declare that defeating President George W. Bush was the "central focus" of his life. To prove it, he sunk $24 million of his own "soft" money into the 2004 campaign, helping make that election one of the most divisive in modern history.

Soros' position in Halliburton is reported to be his first, which means he bought it with a full understanding of Halliburton's reputation. Soros may not see a problem with profiting from a company that has been accused of everything from sweatheart deals to cooking the books to serving U.S. troops lousy food in Iraq. The real question, however, is whether, the Center for American Progress, and other organizations that have benefitted from Soros' charity will see a problem with accepting money earned off Halliburton shares?

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At 6:20 AM, Anonymous Anonymous said...

Maybe Soros is kicking himself for wasting 24 million dollars on another lost cause that involves Democrats. He got tired of pumping cash into Air America, only to see this vile group go down the tubes. Now, George needs to recoup some funds in a business that produces. It's unfortunate that Soros is so greedy and power hungry. All that money that he wasted could have gone to help the poor in this country, or something more worthwhile to humanity.


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