I suppose the rightwingers will be happy to show me where the president is profiting from these contracts like dick cheney did.
oh right... they can't.
FYI:
Liberals often cite the no-bid contract the administration awarded to Halliburton for work in Iraq as an example of Cheney using his position to improve his own finances.However, this assertion does not stand-up against the facts—for Cheney did a very thorough job at disintegrating his financial ties to Halliburton. Before Cheney became Vice President, both he and his wife signed an agreement to donate all of the proceeds from selling stock options from Halliburton and other companies to go to charities.
Specifically, he donated the funds to the University of Wyoming, George Washington University, and an organization that helps low-income students in Washington D.C. attend private and religious schools.In fact, deferred salary payments are the only fiscal link between Cheney and Halliburton. In 1998, Cheney decided to have half of his salary for 1999 spread-out over five years to reduce taxes.
Cheney earned the money and Halliburton set the amount of the payments before he took office. Although technically bankruptcy could cause Halliburton to not make the payments, Cheney purchased an insurance policy on the payments. The payments are totally independent of Halliburton's performance. Thus, the deferred salary payments do not really cause a conflict of interest as many liberals declare.
Stanford Review [v3.0] - January 28, 2005
I for one understand the need for no bid contracts with the government in regards to Haliburton, no matter who is, was, or will be president. Haliburton is a very specialized field that's located in several countries in the world. They are shovel ready to do the job. If the government had to create a bid scenario, it could take years to go through that process.