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Old 04-25-2007, 08:34 PM   #1
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Lightbulb Congress Must Cut Off Bush Family War Profits Part 1

http://www.scoop.co.nz/stories/print...704/S00174.htm




Congress Must Cut Off Bush Family War Profits

Wednesday, 11 April 2007, 4:07 pm
Opinion: Evelyn Pringle
Congress Must Cut Off Bush Family War Profits


By Evelyn Pringle
On Monday, April 9, 2007, the Boston Herald reported that the US military had announced the Easter weekend deaths of 10 more American soldiers, including six killed on Sunday. The Associated Press reports that, since the war began in March 2003, over 3,000 members of the US military have been killed in Iraq, as of April 8, 2007.
The military reported the deaths of four more US soldiers on Tuesday.
Its nearly impossible to estimate the number of deaths of civilians in Iraq, but the Herald reports that at least 47 people were killed or found dead in violence on Easter Sunday, including 17 execution victims dumped in the capital.
News releases out of Iraq also report that a woman wearing a black veil and strapped with explosives blew herself up outside a police station in Iraq on Tuesday, killing 16 people.
According to the January 14, 2007 LA Times, Steven Kosiak, director of budget studies at the Center for Strategic and Budgetary Assessments in Washington, says that, starting with the anti-terrorism appropriation a week after the 9/11 attacks, he estimates the US has spent $400 billion fighting terrorism through fiscal 2006, which ended on September 30, 2006.
In January 2007, Marine Corps spokeswoman, Lt Col Roseann Lynch, told Reuters that the war in Iraq is costing about $4.5 billion a month for military “operating costs,” which did not include new weapons or equipment.
Since this war on terror was declared following 9/11, the pay levels for the CEOs of the top 34 defense contractors have doubled. The average compensation rose from $3.6 million during the period of 1998-2001, to $7.2 million during the period of 2002-2005, according to an August 2006, report entitled, "Executive Excess 2006," by the Washington-based, Institute for Policy Studies, and the Boston-based, United for a Fair Economy.
This study found that since 9/11, the 34 defense CEOs have pocketed a combined total of $984 million, or enough, the report says, to cover the wages for more than a million Iraqis for a year. In 2005, the average total compensation for the CEOs of large US corporations was only 6% above 2001 figures, while defense CEOs pay was 108% higher.
But the last name of one family, which is literally amassing a fortune over the backs of our dead heroes, matches that of the man holding the purse strings in the White House. On December 11, 2003, the Financial Times reported that three people had told the Times that they had seen letters written by Neil Bush that recommended business ventures in the Middle East, promoted by New Bridges Strategies, a firm set up by President Bush’s former campaign manager, who quit his Bush appointed government job as the head of FEMA, three weeks before the war in Iraq began.
Neil Bush was paid an annual fee to "help companies secure contracts in Iraq," the Times said.
But Neil Bush is by no means the only Bush profiting from the war on terror. The first President Bush is so entangled with entities that have profited greatly that it's difficult to even know where to begin. Bush joined the Carlyle Group in 1993, and became a member of the firm's Asian Advisory Board.
The Carlyle Group was best known for buying defense companies and doubling or tripling their value and was already heavily supported by defense contracts. But in 2002, the firm received $677 million in government contracts, and by 2003, its contracts were worth $2.1 billion.
Prior to 9/11, some Carlyle companies were not doing so well. For instance, the future of Vought Aircraft looked dismal when the company laid off 20% of its employees. But business was booming shortly after the wars in Afghanistan and Iraq began, and the company received over $1 billion in defense contracts.
The Bush family's connections to the Osama bin Laden's family seem almost surreal. On September 28, 2001, two weeks after 9/11, the Wall Street Journal reported that, "George H.W. Bush, the father of President Bush, works for the bin Laden family business in Saudi Arabia through the Carlyle Group, an international consulting firm."
As a representative of Carlyle, one of the investors that Bush brought to Carlyle was the Bin Laden Group, a construction company owned by Osama's family. The bin Ladens have been called the Rockefellers of the Middle East, and the father, Mohammed, has reportedly amassed a $5 billion empire. According the Journal, Bush convinced Shafiq bin Laden to invest $2 million with Carlyle.
The Journal found that Bush had met with the bin Ladens at least twice between 1998 and 2000. On September 27, 2001, the Journal reported that it had confirmed that a meeting took place between Bush Senior and the bin Laden family through Senior's Chief of Staff, Jean Becker, but only after the reporter showed her a thank you note that was written and sent by Bush to the bin Ladens after the meeting.
The current President’s little publicized affiliation with the bin Laden family goes back to his days with Arbusto oil when Salem bin Laden funneled money through James Bath to bail out that particular failed company.
Probably the most eerie report about this strange group of bedfellows is that on 9/11, the day that served as a kick-off for the highly profitable war on terror, Shafiq bin Laden attended a meeting in the office of the Carlyle Group, and stood watching TV with other members of the firm as the WTC collapsed.
The fact that so many Saudis, including many bin Ladens, were allowed to fly out of the country right after 9/11, while Americans were still grounded, has always seemed a bit strange to most people also, especially when nobody in the Bush administration was able to explain who gave permission for the flights.
About a month after 9/11, in October 2001, the Carlyle Group severed its ties with the Bin Laden Group, but the Bush family did not. In January 2002, Neil Bush took a trip to Saudi Arabia that was sponsored by the Bin Laden Construction Company and Prince Alwaleed bin Talal, the same Prince who offered New York Mayor, Rudy Giuliani $10 million to help the 9/11 victims, a gesture that Rudy refused.
In the fall of 2003, Bush Senior finally resigned from the Carlyle Group as the accusations of family war profiteering grew louder. However, according to the Washington Post, he still retained stock in the firm and gave speeches on its behalf for a fee of $500,000.
Carlyle companies have also scored big in the Homeland Security bonanza. Federal Data Systems and US Investigations Services hold multi-billion- dollar contracts to provide background checks for airlines, the Pentagon, the CIA and the Department of Homeland Security. US Investigations used to be a federal agency, until it was privatized in 1996 and taken over by Carlyle.
Marvin and Jeb Bush are also highly successful members of the family war profiteering team. Marvin is a co-founder and partner in Winston Partners, a private investment firm, and Jeb is an investor in the Winston Capital Fund, which is managed by Marvin.
Winston Partners is part of the Chatterjee Group, which owned 5.5 million shares in a company called Sybase in 2001, a firm that had contracts worth $2.9 million with the Navy, $1.8 million with the Army and $5.3 million with the Department of Defense. All totaled, the federal procurement database listed the firm's contracts that year as $14,754,000. And, Sybase was not the only company delivering war profits to Marvin and Jeb. The portfolio of Winston Partners also included the Amsec Corp, which, in 2001, was awarded $37,722,000 in Navy contracts.
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Old 04-25-2007, 08:52 PM   #2
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Default Re: Congress Must Cut Off Bush Family War Profits Part 1

Here we go again. Get your seats on the merry-go-round folks!
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Old 04-25-2007, 09:38 PM   #3
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Default Re: Congress Must Cut Off Bush Family War Profits Part 1

I agree HTG.
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Old 04-25-2007, 09:45 PM   #4
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Default Re: Congress Must Cut Off Bush Family War Profits Part 1

"Scoop" - sounds well known and very reputable. Where is Vince foster?
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Old 04-25-2007, 10:27 PM   #5
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Default Re: Congress Must Cut Off Bush Family War Profits Part 1

Quote:
Originally Posted by GBMelBlount View Post
"Scoop" - sounds well known and very reputable. Where is Vince foster?
The same place the rest of these dearly departed are.

http://www.zpub.com/un/un-bc-body.html
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Old 04-26-2007, 05:01 AM   #6
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Default Re: Congress Must Cut Off Bush Family War Profits Part 1

Glad to see everybody in denial."No, none of this is true." Then do the typical Republican response: Clinton did this, Clinton did that, blah, blah.
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Old 04-26-2007, 06:40 AM   #7
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Default Re: Congress Must Cut Off Bush Family War Profits Part 1

Quote:
Originally Posted by HometownGal View Post
Here we go again. Get your seats on the merry-go-round folks!
Agreed.

I'm staying out of this one, because you know it's going to get ugly in a hurry.
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Old 04-26-2007, 07:09 AM   #8
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Default Re: Congress Must Cut Off Bush Family War Profits Part 1

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Originally Posted by Stlrs4Life View Post
Glad to see everybody in denial."No, none of this is true." Then do the typical Republican response: Clinton did this, Clinton did that, blah, blah.
Dom - I can't speak for everyone else who posted in this thread, but I am not in denial about anything because we've heard this same opinion by others numerous times in the past and we've debated about this same thing in the past. I posted what I did about Clinton not to deny what Bush may or may not have done or may be doing, but simply in response to GBMB's post. (Ya gotta admit, though - a lot of people died under rather unusual circumstances who were affiliated with the Clintons).
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Old 04-26-2007, 08:06 AM   #9
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Default Re: Congress Must Cut Off Bush Family War Profits Part 1

I would , with respect to the other side of this issue, give my view of the truth of our current situation. The truth is that we have only lost 3,000 lives...yet have crippled a terrorist organization that at one time was strong enough to kill Americans on American soil. The truth is that we are involved in a war where we are the occupying force...which is ALWAYS cheaper than being the army fighting an occupied force....and MUCH cheaper than the price we would pay to stand back and let terrorists have free reign.
The truth is that I would rather see a bud of freedom spring from the ashes of war...then to see weeds of terrorism invade the garden of democracy....and that is our ONLY choices.
I appreciate Stlrs4Life for presenting the other side of this situation...and for those who dont know him...DO NOT DOUBT FOR A SECOND HIS LOYALTY TO THIS COUNTRY....he is a VETERAN and has put his money where his mouth is!!!! ....and his take on what is happening is always well thought out and respectful.
Regardless of which side we take on this issue...everyone should do a little homework ,.....compare the cost of lives to that of past wars...compare the cost (with inflation figured in) to that of past wars. Make a decision based on being well-informed. Unfortunatley..there are people in this country (like the writer of the article) who would rather see us lose this war...then to see George Bush succeed at anything...and they let ideology get in the way of rational thought.
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Old 04-26-2007, 01:53 PM   #10
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Default Re: Congress Must Cut Off Bush Family War Profits Part 1

Quote:
Originally Posted by lamberts-lost-tooth View Post
I would , with respect to the other side of this issue, give my view of the truth of our current situation. The truth is that we have only lost 3,000 lives...yet have crippled a terrorist organization that at one time was strong enough to kill Americans on American soil. The truth is that we are involved in a war where we are the occupying force...which is ALWAYS cheaper than being the army fighting an occupied force....and MUCH cheaper than the price we would pay to stand back and let terrorists have free reign.
The truth is that I would rather see a bud of freedom spring from the ashes of war...then to see weeds of terrorism invade the garden of democracy....and that is our ONLY choices.
I appreciate Stlrs4Life for presenting the other side of this situation...and for those who dont know him...DO NOT DOUBT FOR A SECOND HIS LOYALTY TO THIS COUNTRY....he is a VETERAN and has put his money where his mouth is!!!! ....and his take on what is happening is always well thought out and respectful.
Regardless of which side we take on this issue...everyone should do a little homework ,.....compare the cost of lives to that of past wars...compare the cost (with inflation figured in) to that of past wars. Make a decision based on being well-informed. Unfortunatley..there are people in this country (like the writer of the article) who would rather see us lose this war...then to see George Bush succeed at anything...and they let ideology get in the way of rational thought.
Only 3325! And for what? Osama wasn't based in Iraq nor was he supported by Sadam. Please don't drink the Kool Aid that this current admin. is feeding you. Where are the WMD's? A bud of democracy that will die in a civil war that we helped to create.
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