Alright, so personal investments have now crept their way into the Gubernatorial race.
The latest revelation is that Corzine’s hedge fund investment in TPG Axon has holdings ( or did at one point ) in Halliburton totalling more than $200 million.
The word “Halliburton” doesn’t exactly have a positive connotation when spoken aloud in New Jersey these days. It’s associated with some of the sleaziest elements of the Iraq war. Namely, that Bush Administration officials who pushed for the invasion and subsequent occupation of Iraq also managed to win great profits for friends and others who either owned stock in Halliburton or held other defense contracts that scored a bonanza during the Bush years. VP Dick Cheney used to run Halliburton.
Corzine claimed on Thursday that he knew nothing of where the hedge fund currently invests or invested in the past.
Here are the facts: in the Summer of 2005, then Senator Corzine and 27 other Senate Dems signed a letter calling for an independent investigation into Halliburton for over-billing the US military for services associated with delivering food to US soldiers.
The Senate Dems then tried to pass an amendment in November 2005 on the Senate floor to launch that investigation, but it was voted down in a straight party line vote. Corzine missed that Washington vote because in fairness he was sorta busy preparing for transition after being newly elected NJ Governor.
Anyway, is it hypocritical to invest in a hedge fund that profits from some of the same abuses you previously denounced even if it was a tangential connection? Christie seems to think so. Or maybe he doesn’t even really think so, but he’d like the Governor to answer some annoying questions this week just like he was forced to do in August.