Looking behind
the Bushes

Great moments in a great American family

Much of this article originally appeared in the
Progressive Review during the 1992 campaign. It has been updated

BUSH INDEX

THE BUSH FAMILY & THE NAZIS

 1918

Prescott Bush Sr., leads a raid on a Indian tomb to secure Geronimo's skull for Skull & Bones.

1937

Prescott Bush's investment firm sets up deal for the Luftwaffe so it can obtain tetraethyl lead.

194Os

NEWSWEEK [POLISH EDITION] - Prescott Sheldon Bush, grandfather of George Walker Bush, had financial dealings during World War II with the Nazis, amassing a family fortune as a banker. Prescott Bush was a shareholder of the company United Banking Corporation, working with industrialist Fritz Thyssen from the Nazistowskiego Silesian Consolidated Steel Corporation, where Auschwitz prisoners worked.

NEW STATESMAN, APRIL 15, 2002 - In 1926, Averell Harriman welcomed a familiar name into his Wall Street firm (W A Harriman and Co) as senior partner - Prescott Bush, father to one American president and grandfather to another. The association was to end simultaneously in fabulous wealth and temporary ignominy - at the height of the Second World War, in 1942, the New York Herald Tribune reported that the Union Banking Corporation, of which Prescott Bush was a director and E Roland Harriman a 99 per cent shareholder, was holding a small fortune under the orders of Adolf Hitler's financier. Under the Trading with the Enemy Act, all of Union Banking Corporation's capital stock was seized.

INDYMEDIA - On October 20, 1942, the U.S. government had had enough of Prescott Bush and his Nazi business arrangements with Thyssen. Over the summer, The New York Tribune had exposed Bush and Thyssen, whom the Tribune dubbed "Hitler's Angel." When the US government saw UBC's books, they found out that Bush's bank and its shareholders "are held for the benefit of ... members of the Thyssen family, [and] is property of nationals ... of a designated enemy country." . . .

On November 17, 1942, The US government also took over the Silesian American Corporation, but did not prosecute Bush . . . The companies were allowed to operate within the Government Alien Property custodian office with a catch - no aiding the Nazis. In 1943, while still owning his stock, Prescott Bush resigned from UBC and even helped raise money for dozens of war-related causes as chairman of the National War Fund.

After the war, the Dutch government began investigating the whereabouts of some jewelry of the Dutch royal family that was stolen by the Nazis. They started looking into books of the Bank voor Handel en Scheepvaart. When they discovered the transaction papers of the Silesian American Corporation, they began asking the bank manager H.J. Kounhoven a lot of questions. Kouwenhoven was shocked at the discovery and soon traveled to New York to inform Prescott Bush. According to Dutch intelligence, Kouwenhoven met with Prescott soon after Christmas, 1947. Two weeks later, Kouwenhoven apparently died of a heart attack.

By 1948, Fritz Thyssen's life was in ruins. After being jailed by the Nazis, he was jailed by the Allies and interrogated extensively, but not completely, by US investigators. Thyssen and Flick were ordered to pay reparations and served time in prison for their atrocious crimes against humanity. . .

When Thyssen died, the Alien Property Custodian released the assets of the Union Banking Corporation to Brown Brothers Harriman. The remaining stockholders cashed in their stocks and quietly liquidated the rest of UBC's blood money.

Prescott Bush received $1.5 million for his share in UBC. That money enabled Bush to help his son, George Herbert Walker Bush, to set up his first royalty firm, Overby Development Company, that same year. It was also helpful when Prescott Bush left the business world to enter the public arena in 1952 with a successful senatorial campaign in Connecticut. On October 8th, 1972, Prescott Bush died of cancer and his will was enacted soon after.

In 1980, when George H.W. Bush was elected vice president, he placed his father's family inherence in a blind trust. The trust was managed by his old friend and quail hunting partner, William "Stamps" Farish III. Bush's choice of Farish to manage the family wealth is quite revealing in that it demonstrates that the former president might know exactly where some of his inheritance originated. Farish's grandfather, William Farish Jr., on March 25th, 1942, pleaded "no contest" to conspiring with Nazi Germany while president of Standard Oil in New Jersey. He was described by Senator Harry Truman in public of approaching "treason" for profiting off the Nazi war machine. Standard Oil, invested millions in IG Farben, who opened a gasoline factory within Auschwitz in 1940. The billions "Stamps" inherited had more blood on it then Bush, so the paper trail of UBC stock would be safe during his 12 years in presidential politics.

It has been 60 years since one of the great money laundering scandals of the 20th century ended and only now are we beginning to see the true historical aspects of this important period of world history, a history that the remaining Holocaust survivors beg humanity to "never forget." [Investigative journalist John] Loftus believes history will view Prescott Bush as harshly as Thyssen. "It is bad enough that the Bush family helped raise the money for Thyssen to give Hitler his start in the 1920s, but giving aid and comfort to the enemy in time of war is treason. The Bush bank helped the Thyssens make the Nazi steel that killed Allied solders. As bad as financing the Nazi war machine may seem, aiding and abetting the Holocaust was worse. Thyssen's coal mines used Jewish slaves as if they were disposable chemicals. There are six million skeletons in the Thyssen family closet, and a myriad of criminal and historical questions to be answered about the Bush family's complicity."

MORE ON THE BUSH FAMILY & THE NAZIS

SARASOTA HERALD-TRIBUNE: The president of the Florida Holocaust Museum said Saturday that George W. Bush's grandfather derived a portion of his personal fortune through his affiliation with a Nazi-controlled bank. John Loftus, a former prosecutor in the Justice Department's Nazi War Crimes Unit, said his research found that Bush's grandfather, Prescott Bush, was a principal in the Union Banking Corp. in Manhattan in the late 1930s and the 1940s. Leading Nazi industrialists secretly owned the bank at that time, Loftus said, and were moving money into it through a second bank in Holland even after the United States declared war on Germany. The bank was liquidated in 1951, Loftus said, and Bush's grandfather and great-grandfather received $1.5 million from the bank as part of that dissolution . . . Loftus pointed out that the Bush family would not be the only American political dynasty to have ties to the "wrong side of World War II." The Rockefellers had financial connections to Nazi Germany, he said. Loftus also reminded his audience that John F. Kennedy's father, an avowed isolationist and former ambassador to Great Britain, profited during the 1930s and '40s from Nazi stocks that he owned. "No one today blames the Democrats because Jack Kennedy's father bought Nazi stocks," Loftus said. Still, he said, it is important to understand these historical connections for what they tell us about politics today. The World War II experience points out how easy it was then -- and remains today -- to hide money in multinational funds. SARASOTA HERALD TRIBUNE

1953

George Bush and the Liedtke brothers form Zapata Petroleum. Zapata's subsidiary, Zapata Offshore, later becomes known for its close ties to the CIA.

1954

The Bush family buys out the Liedtke brothers.

1955

George Bush sets up a Mexican drilling operation, Permago, with a frontman to obscure his ownership. The frontman later is convicted of defrauding the Mexican government of $58 million.

1959

Manuel Noriega recruited as an agent by the US Defense Intelligence Agency.

1960

Some investigators believe George Bush spent part of this year and the next in Miami on behalf of the CIA, organizing rightwing exiles for an invasion of Cuba. Is said to have worked with later Iran-Contra figure Felix Rodriguez.

1961

According to the Realist, CIA official Fletcher Prouty delivers three Navy ships to agents in Guatemala to be used in the Bay of Pigs invasion. Prouty claims he delivered the ships to a CIA agent named George Bush. Agent Bush named the ships the Barbara, Houston and Zapata.

Bay of Pigs invasion fails. Right-wingers blame Kennedy for failure to provide air cover. CIA loses 15 men, another 1100 are imprisoned.

George Bush invites Rep. TL. Ashley -- a fellow Skull & Boner -- down to Texas for a party in order to meet "an attractive girl." Bush writes that "she may be accompanied by an Austrian ski instructor but I think we can probably flush him at the local dance hall." Bush notes that he's had to unlist his phone because "Jane Morgan keeps calling me all the time." [From a letter in the Ashley archives uncovered by Spy magazine.]

Zapata annual report boasts that the company has paid no taxes since it was founded.

1963

John F. Kennedy is assassinated. Internal FBI memo reports that on November 22 "reputable businessman" George H. W. Bush reported hearsay that a certain Young Republican "has been talking of killing the president when he comes to Houston." The Young Republican was nowhere near Dallas on that date.

According to a 1988 story in The Nation, a memo from J. Edgar Hoover states that "Mr. George Bush of the CIA" had been briefed on November 23rd, 1963 about the reaction of anti-Castro Cuban exiles in Miami to the assassination of President Kennedy. George says it ain't him, admits he was in Texas but can't remember where.

1964

George Bush runs as a Goldwater Republican for Congress. Campaigns against the Civil Rights Act.

1966

Bush, runs as a moderate Republican, gets elected to Congress. Robert Mosbacher chairs Oil Men for Bush.

Apache leader Ned Anderson meets with the Skull & Bones lawyer and George Bush's brother Jonathan who attempt to return the skull Prescott Bush had looted in 1933. Anderson refuses the skull because he says it isn't Geronimo's.

1967

RICHARD GOODING, STAR WEEKLY, July 27, 1999 - Presidential candidate George W. Bush once led a Yale fraternity that barbarically branded its new members on their backsides with a red-hot metal rod as part of a sadistic hazing practice. "I got branded and I didn't like it one bit," Professor Bradford Lee of the elite Naval War College in Newport, R.I.-an ex-football player and onetime member of Bush's Delta Epsilon Kappa fraternity-told STAR in an exclusive interview. "It did burn," he says, recalling the terrifying experience. "I think I still have the mark on me."

A Star investigation has revealed that he was president of Delta Epsilon Kappa when the hazing scandal broke in the campus newspaper in the late '60s-leading to the fraternity being fined and the branding practice halted. Amazingly, Bush, now the governor of Texas, defended the illegal torture of the young fraternity pledges at the time as a harmless prank-insisting that it was comparable to "only a cigarette burn" which left "no scarring mark physically or mentally." But others said the branding resulted in a second-degree burn that left a half-inch scab in the shape of the Greek letter Delta.

Lee-who still bears the mark 32 years later-is not sure who actually wielded the brand because the pledges were not allowed to look at their tormentors. "But I do know that George Bush was very active in all the fraternity activities then."

Lee, who was a guard on the Yale football team, recalled that the branding came after "a long initiation that went on into the early morning hours." He says the idea was to wear you out so much that you allowed your bare flesh to be singed. "I was already tired from football practice earlier that day. I was so groggy I wasn't exactly sensitive to what they were up to. I wasn't very happy about it."

. . . Bill Katz, now a community college teacher in northern New Jersey, told Star that the branding was done with "a wire coat hanger twisted into a triangle and heated up" in the fireplace. "They touched you just above the buttocks, in the small of the back," he says.

. . . And Boston lawyer Franklin Levy said that to increase the fear of the moment, the older fraternity men first brandished an actual glowing hot branding iron-to make them think that was what awaited them. "When they burned me," Levy remembers, "I jumped a mile."

Before the brandings, pledges had to endure hours of being kicked and a vicious round of tannings with wooden paddles-another practice that Yale has ruled taboo. "On that night," according to an account in the Yale Daily News in 1967, 'each pledge was forced to sit with his head between his legs, motionless, for two to five hours.

"If he coughed, raised his hand or talked, he was kicked by an older brother." After all the beatings, recalled one fraternity member, the branding was almost a relief.

In the wake of the Yale Daily News' expose of the fraternity's hazing, Bush, whose father was also a DKE at Yale, admitted the branding to the New York Times in November 1967. But Bush - whose college nickname was "Lip" for his Texas wisecracks - also ripped into Yale for being too "Haughty" to "allow this type of pledging to go on."

1968

George W. Bush joins Skull & Bones at Yale

1970

Bush loses Senate race to Lloyd Bentsen, despite $112,000 in contributions from a White House slush fund. Jim Baker is campaign chair. Bush later claims to have reported correctly all but $6000 in cash --which he denies he got. A 1992 story in the New York Times says the $6000 was listed in records of Nixon's "townhouse operation" which was designed in part to make GOP congressional candidates vulnerable to blackmail.

1971

Bush is named UN Ambassador by Nixon.

Bureau of Narcotics and Dangerous Drugs finds enough evidence of Noriega's involvement in drug dealing to indict him, but US Attorney's office in Miami considers grabbing Noriega in Panama for trial here to be impractical. State Department also urges BNDD to back off.

1972

Bill Liedtke gathers $700,000 in anonymous contributions for the Nixon campaign, delivering the money in cash, checks and securities to the Committee to Re-Elect the President (the infamous CREEP) one day before such contributions become illegal. Bill says he did it as a favor to George.

1973

Bush is named GOP national chair. Brings into the party the Heritage Groups Council, an organization with a number of Nazi sympathizers.

Bush, according to Lowell Weicker, inquires as to whether records of the "townhouse operation" should be burned.

Robert Mosbacher wins an offshore drilling concession from Philippine dictator Ferdinand Marcos.

Watergate tapes indicate concern by Nixon and aide HR Haldeman that the investigation into Watergate might expose the "Bay of Pigs thing." Nixon also speaks of the "Texans" and the "Cubans." and mentions "Mosbacher."

In another tape, Nixon decides following his re-election to get signed resignations from his whole government so he can centralize his power. Says Nixon to John Erlichman: "Eliminate everyone, except George Bush. Bush will do anything for our cause."

1974

Bush is named special envoy to China.

1975

DEA report notes Noreiga's involvement in drug trade.

George W. Bush graduates from Harvard Business School

1976

Jerry Ford names George Bush CIA director, his fourth political patronage job in a little over five years. Bush later claims this is the first time he ever worked for the CIA. At his confirmation hearings, Bush says, "I think we should tread very carefully on governments that are constitutionally elected."

Bush holds first known meeting with Noriega. Noriega starts receiving $110,000 a year from the CIA.

Noriega found to be working for Cubans as well, but keeps his CIA gig.

Bush sets up Team B within the CIA, a group of neo-conservative outsiders and generals who proceed to double the agency's estimate of Soviet military spending.

Senate committee headed by Frank Church proposes revealing size of the country's black budget -- intelligence spending that, in contradiction to the Constitution, is kept secret even from the Hill. According to journalist Tim Weiner, Bush argues that the revelation would be a disaster and would compromise the agency beyond repair. By a one vote margin the matter is referred to the Senate. It never reaches the floor.

Chilean dissident Orlando Letelier is assassinated by Chilean secret police agents. CIA fails to inform FBI of pending plot and of assassins' arrival in US. CIA claims the hit was the work of left-wingers in search of a martyr.

Bush writes internal CIA memo asking to see cable on Jack Ruby visiting Santos Trafficante in jail. In 1992, Bush will deny any interest in the JFK assassination while CIA head.

Bush claims nuclear war is winnable.

1977

Philippine dictator Marcos buys back Robert Mosbacher's oil concession. Mosbacher claims he was swindled. Philippine officials say they never saw any expenditures by Mosbacher on the project.

1978

Bush, Mosbacher and Jim Baker become partners in an oil deal.

From a Washington Post article by Bob Woodward and Walter Pincus: "According to those involved in Bush's first political action committee, there were several occasions in 1978-79, when Bush was living in Houston and traveling the country in his first run for the presidency, that he set aside periods of up to 24 hours and told aides that he had to fly to Washington for a secret meeting of former CIA directors. Bush told his aides that he could not divulge his whereabouts, and that he would not be available." Former CIA chief Stansfield Turner denies such meetings took place.

George W. Bush declares his candidacy for the Midland Congressional district. He wins the Republican primary and loses in the general election.

George W. Bush begins operations of his oil firm, Arbusto Energy. With the help of Jonathan Bush, he assembles several dozen investors in a limited partnership including Dorothy Bush, Lewis Lehrman, William Draper, and James Bath, a Houston aircraft broker

1979

Fifty Bush family investors and friends, led by uncle Jonathan, a New York Republican Party official and an investment manager, invest $4.7 million to set up young Bush in a company called Arbusto.

1980

Bush becomes Reagan's vice presidential candidate. Runs as a rightwinger again.

Mosbacher becomes chief fundraiser for Bush's presidential campaign. Forms a millionaire's club of 250 contributors, each of whom cough up $100,000.

William Casey forms a working group to prepare for possible Carter October political surprise. In early October, an Iranian official meets with three top Reagan campaign aides. All three deny memory of the meeting in subsequent proceedings.

On October 21, Reagan hints he has a secret plan to release the hostages. This is right around the alleged date of a Paris meeting at which the so-called "October Surprise" was settled. Some allege that at this meeting it was agreed to end the arms embargo against Iran if Iran would release its hostages after the election. While Bush's presence at this meeting has been denied by the House committee investigating the October Surprise, Bush's whereabouts at this critical time remain in doubt. The White House, in fact, has leaked conflicting stories.

Prescott Bush writes a letter to James Baker in September which says, "Herb Cohen - the buy that offered help on the Iranian hostage situation - called me yesterday afternoon. herb has a couple of reliable sources on the National Security Council, about whome the [Carter] administration does not know, who can keep him posted on developments."

Rep. Dan Quayle goes on a Florida golfing vacation with seven other men and Paula Parkinson -- an insurance lobbyist who later posed nude for Playboy. Parkinson describes Quayle as a husband on the make, but says she turned him down because she was already having an affair with another congressman. Marilyn Quayle says, "anybody who knows Dan Quayle knows he would rather play golf than have sex."

The Reagan-Bush campaign receives stolen copies of Carter's briefing books.

Bush's campaign manager, James Baker, forces the dismissal of Bush aide Jennifer Fitzgerald, described in a 1982 Time story as having "much to say about where Bush goes, what he does and whom he sees." Bush continues to pay Fitzgerald out of his own pocket.

1981

Reagan-Bush inaugurated. Hostages released moments before. Shortly thereafter, arms shipments to Iran resume from Israel and America. In July, an Argentinean plane chartered by Israel crashes in Soviet territory. It is found to have made three deliveries of American military supplies to Iran. In a 1991 story in Esquire, Craig Unger quotes Alexander Haig as saying "I have a sneaking suspicion that someone in the White House winked." Says Unger: "This secret and illegal sale of military equipment continued for years afterwards."

James Baker named Reagan's chief of staff.

SEC filings for Zapata Oil for 1960-66 are found to have been "inadvertently destroyed."

Reagan authorizes CIA assistance to Contras.

1982

CIA director William Casey begins Operation Black Eagle to expand US role in Central America. Urges use of "selected Latin American and European governments, organizations and individuals" in the project.

Inslaw, a computer software company, signs a $10 million contract to install a case-tracking program in 94 US Attorney's offices. Four months later, after obtaining a copy of Inslaw's proprietary version of the program, the government cancels the contract and begins an aggressive campaign to force the company into bankruptcy. Later sources claim that the program was installed by the CIA and sold to various foreign intelligence agencies.

After $3 million is poured into Arbusto with little oil and no profits, just tax shelter George W. Bush changes the company name to Bush Exploration Oil Co. Subsequently he is kept afloat by an investment from Philip Uzielli, a Princeton friend of James Baker III. For the sum of $1 million, Uzielli bought 10% of the company at a time in 1982 when the entire enterprise was valued at less than $400,000. Subsequently, to save the company George W. Bush merges with Spectrum 7, a small oil firm owned by William DeWitt and Mercer Reynolds. DeWitt had graduated from Yale a few years earlier than Bush and was the son of the former owner of the Cincinnati Reds. Bush becomes president of Spectrum 7. He also gets 14% of the Spectrum's stock. Meanwhile, 50 original investors in Arbusto get paid off at about 20 cents on the dollar.

1983

Noriega meets again with George Bush.

Bush presents an autographed photo to a WWII Ukrainian leader under the Nazis, whose regime killed 100,000 Jews.

KAL 007 crashes under circumstances that remain suspicious to this day.

Bush promotes Jennifer Fitzgerald from appointments secretary to executive assistant. Seven staffers resign in protest. Fitzgerald tells the New York Post: "Everyone keeps painting me as this old ogre. I really don't worry about it. All these bizarre things just simply aren't true."

Neil Bush forms his first oil company. He puts in $100, his partners contribute $160,000 and Neil is named president of the firm, JNB Exploration.

Jeb Bush's business partner, Alberto Duque, goes bankrupt, is eventually convicted of fraud and is sentenced to 15 years in prison.

1984

Jeb Bush lobbies the Department of Health & Human Services on behalf of Cuban--American businessman Miguel Recarey, Jr., whose medical firm, IMC, later collapses. Recarey, who was close to mobster Santos Trafficante and the contras, later disappears with at least $12 million in federal funds.

George Bush takes part in meetings to plan increased "third country" aid to the Contras..

CIA mines Nicaraguan harbors.

Spectrum 7 Corporation, an Ohio oil exploration outfit owned by Dubya's Yalie pal William DeWitt Jr., buys out Bush Exploration, setting up young Bush as CEO at $75,000 a year and giving him 1.1 million shares of the firm's stock. The company's fortunes soon sink, with $400,000 in losses and a debt of $3 million.

1985

Jennifer Fitzgerald is sent to work on Capitol Hill after stories arise linking her romantically with George Bush.

Stuart Spencer's public relation firm starts receiving over $350,000 from Panama to improve Noriega's image.

CIA starts using BCCI as a conduit.

George Bush thanks Oliver North for "dedication and tireless work with the hostage thing, with Central America." Bush will later deny knowing about the Contra effort until late 1986.

Neil Bush joins the board of Silverado S&L, serves until 1988. Silverado loans his partners in JNB $132 million which they never repay. Silverado will eventually collapse at a taxpayer cost of $1 billion.

408 TOW anti-tank missiles are shipped from Israel to Iran. A day later, US hostage Benjamin Weir is released.

1986

VP Bush goes to Honduras to promote support for the Contras. Takes along baseball players Nolan Ryan and Gary Carter.

Contra figure Felix Rodriguez meets with Donald Gregg, Bush's national security advisor, to complain about Iran-Contra operatives skimming funds from the Contras.

Bush may have made several secret visits to Damascus between 1986-88 according to a 1992 report in Time, which said two senior GOP senators were pressing for a probe. The allegation is that Bush went to negotiate the release of hostages in Lebanon but in fact stonewalled Syria, "playing for campaign timing. Republicans want to get to the bottom of intelligence-community suspicions that the US somehow blew a chance to free Terry Anderson and his fellow captives."

Iranian arms runner Manucher Ghorbanifar proposes "diversion" of profits from Iran arms sales to Contras.

George W. Bush and partners receive more than $2 million of Harken Energy stock in exchange for their failing oil well operation, which had lost $400,000 in the prior six months. Bush puts up about $500,000 and gets a $120,000 annual consulting fee along with $131,250 in stock options. After Bush joined Harken, the largest stock position and a seat on its board were acquired by Harvard Management Company. Harvard agrees to buy 1.35 million shares of Harken for $2 million and invest another $20 million in Harken projects. The Harken board gave Bush $600,000 worth of the company's publicly traded stock, plus a seat on the board plus a consultancy that paid him up to $120,000 a year. When Harken runs short of cash it hooks up with investment banker Jackson Stephens of Little Rock, Arkansas, who arranges a $25 million stock purchase by Union Bank of Switzerland. Sheik Abdullah Bakhsh, who joins the board as a part of the deal, is connected to the infamous BCCI.

Jeb Bush is hired by Miguel Recarey to find a new headqarters for his business. Jeb is paid $75,000 but fails to come up with a building for IMC.

According to an HHS Medicare fraud inspector later, Miguel Recarey's IMC is using Medicare funds to treat wounded Contras. IMC is receiving $30 million a month for its Medicare patients. Robert Teich, a DEA official in Miami, will later say, "IMC is a classic case of embezzlement of government funds." He calls the skimming of Medicare funds a "bust out" in which money is "drained out the back door." The Wall Street Journal will report that Santos Trafficante "helped out when Recarey needed business financing."

JIM YARDLEY, NY TIMES - In his earliest known tie to the Enron Corporation, President Bush, then an oil man in West Texas, joined an energy drilling venture organized in 1986 by a subsidiary of Enron. The drilling operation - which succeeded in striking oil and natural gas in Martin County - came as Mr. Bush's company, the Spectrum 7 Energy Corporation, was struggling to stay afloat during a collapse in world oil prices. The company was also in final negotiations to be taken over by a Dallas-based company, Harken Energy. Executives involved in the drilling venture characterized it as an ordinary business deal. Enron Oil and Gas, then an exploration subsidiary with offices here in Midland, served as operator and majority partner. Mr. Bush's company, which had a 10 percent working interest in the deal, was one of a handful of minority investors . . . It is unclear whether Mr. Bush was involved in the deal because he controlled adjacent mineral leases or if Spectrum 7 was simply sought out as an investor. Bill Morrison, who ran the Midland office of Enron Oil and Gas at the time, said he recalled soliciting about 12 to 15 companies as potential investors in the project, including Spectrum 7. He said many companies, struggling for capital, declined the offer, but Spectrum 7, apparently with cash on hand, signed on for the 10 percent interest.

1987

Bush's former chief of staff, Daniel Murphy, flies to Panama with South Korean influence peddler Tongsun Park on a private plane owned by arms dealer Sargis Soghnalian to meet with Noriega. Murphy later tells a Senate subcommittee that he informed Noriega that he need not resign before the 1988 election despite the Reagan administration public pressure to the contrary.

Bill Casey dies.

Lee Atwater accuses Robert Dole of spreading stories about Bush and Jennifer Fitzgerald. An agreement is worked out, as reported by Sidney Blumenthal in the Washington Post: "The Dole people didn't spread any rumors and promised not to do it again. And the Bush people haven't spread rumors about the Dole people spreading rumors and won't do it again. "

Harken Energy project gets rescued by aid from the BCCI-connected Union Bank of Switzerland in a deal brokered by Jackson Stephens, later to show up as a key supporter of Bill Clinton.

1988

Dan Quayle is named VP candidate. Stuart Spencer is assigned to improve Dan Quayle's image, the same job he handled for Noriega and Nixon.

Quayle embarrasses campaign by such statements as "[The Holocaust] was an obscene period in our nation's history," adding that "I didn't live in this century."

Prisoner who claimed he sold marijuana to Quayle is put into solitary confinement by the head of federal prisons, aborting a planned news conference shortly before the election.

Silverado S&L goes under after receiving 126 cease & desist orders in past four years from the Topeka office of the Office of Thrift Supervision. These orders found conflict of interests, insider abuse and other violations.

Dwight Chapin, ex-Nixon dirty trickster, gets job in Bush campaign.

Rudi Slavoff becomes head of Bulgarians for Bush. In 1983, Slavoff organized an event honoring Austin App, promoter of the theory that the Holocaust was a hoax.

Slavoff joins other GOP ethnic leaders in the Coalition of American Nationalities co-chaired by Edward Derwinski. Among them is a former member of an Hungarian pro-Nazi party. After press revelations, eight of the leaders accused of anti-semitism resign from the campaign. Bush says: "Nobody's giving in... These people left of their own account."

GOP flier warns that "all the murderers, rapists and drug pushers and child molesters in Massachusetts vote for Michael Dukakis."

Bush establishes Team 100, which will eventually grow to 249 individuals who contribute nearly $25 million in soft money to help the GOP cause. The contributions also apparently help the contributors, various of whom get ambassadorial appointments, legislative favors, and intervention on regulatory and criminal matters.

Bush denies knowledge of Noriega's involvement in drug dealing.

The Willie Horton ad is aired. Credit for similar tactics is given to campaign guru Lee Atwater, whose PR firm had represented drug-connected Bahamian prime minister Oscar Pinding and the Philippines' Marcos. Atwater himself had represented UNITA, the CIA-backed Africa rebel group.

Fred Malek, ex-Nixon aide, resigns from the Bush campaign after it's revealed that he compiled a list of Jews in the Labor Dept. as part of a Nixon investigation of a "Jewish cabal."

A few days before the supposedly surprise arrest of five BCCI officials, some of the world's most powerful drug dealers quietly withdraw millions of dollars from the bank. Some government investigators believe the dealers were tipped off by sources within the Bush administration.

Although Felix Rodriguez, former leading cop under Batista, claims he left the CIA in 1976, Rolling Stone reports that he is still going to CIA headquarters monthly to receive assignments and get his bulletproof Cadillac serviced.

Bankruptcy judge George Bason Jr. concludes that the government stole Inslaw's software through "trickery, fraud and deceit."

Stock market drops 43 points on false rumor that Washington Post was about the publish the Bush-Fitzgerald story.

Aziz Rehman, a junior BCCI official in Miami, tells a Senate committee that "I saw Jeb Bush two or three times over there. . . This was all part of the bank's trying to cultivate public officials and prminent individuals." Another BCCI official will write in his diary, "Jeb Bush, VP George Bush's son, [is] a name. . .to be remembered."

1989

Bush inaugurated. Aides tell the press that the new administration would rather "stay one step behind than be one step ahead."

Bush authorizes CIA support to Noriega's opposition, giving Noriega an excuse to annul Panama's elections.

Bush claims executive privilege to avoid testifying in the Oliver North trial, thus becoming first president to use this power to keep his acts as vice president under wraps.

Dan Quayle declares changes in Soviet Union "just a public relations extravaganza."

Bush brother Prescott flies to Shanghai after the Tiananmen Square massacre to close a deal for an $18 million resort there, despite his brother's ban on high-level Chinese contacts. Prescott says, "We aren't a bunch of carrion birds coming in to pick the carcass. But there are big opportunities in China, and America can't afford to be shut out."

Prescott Bush also visits Japan, searching for consulting contracts just ten days before his brother arrives on a presidential tour. The Japanese firm that paid Prescott a quarter-million dollar consulting fee comes under investigation for exchange law violations and links to the Japanese mob.

C. Boyden Gray, the president's top ethics official, corrects his 1985 and 1986 financial disclosure forms. He forgot to include $98,000 in income.

George Bush signs the S&L bailout bill promising that "these problems will never happen again."

The Chicago Tribune reports: "After 14 fishing outings, the President has failed to catch a single fish."

At White House behest, the DEA lures drug dealer to Lafayette Park to make arrest in front of presidential home for the benefit of Bush's upcoming drug speech. At first, drug dealer is dubious, asks DEA agent, "Where the fuck is the White House?"

Defense secretary nominee John Tower runs into confirmation troubles when it is revealed that he has received hundreds of thousands of dollars in consulting fees from defense contractors. Runs into more trouble with revelations of womanizing and drinking. His nomination is rejected.

The sale of three communications satellites to China is announced. Prescott Bush is a $250,000 consultant in the deal.

GOP memo is leaked implying that House Speaker Tom Foley is a homosexual.

President Bush signs a top-secret directive ordering closer ties with Iraq, which opens the way for $1 billion in new aid just a little more than a year before Bush goes to war against that country. The agricultural credit allows Saddam Hussein to use his hard currency for a massive military buildup.

A second judge concurs that the government stole Inslaw's software.

The Statistical Abstract of the United States, published by the US government, reports that the GNP of East Germany during the 1980s was greater than that of West Germany. The figures come from the CIA.

Bahrain officials suddenly break off offshore drilling negotiations with Amoco and decide to deal with Harken Energy, George Bush Jr.'s firm. Harken has had a series of failed ventures and no cash, so the Bass brothers are brought in to finance Harken's efforts at a cost of $50 million.

Neil Bush bails out of JNB Exploration, the firm where he became president with a $100 ante, leaving his partners to worry about its debt. Days earlier he forms Apex Energy with a personal investment of $3000. The rest of the money -- $2.7 million -- comes from an SBA program designed to help "high risk start-up companies." Like JNB, it proves to be just that. Apex will later go belly-up with no assets.

Two months after his father's inauguration, George W. Bush announces that he and a syndicate of investors have purchased the Texas Rangers. The investors are Edward "Rusty" Rose, Richard Rainwater, Bill DeWitt, Roland Betts (a former Yale frat brother) and Tom Bernstein (Bett's partner in a film investment concern). While Bush appears to lead the group, Rainwater makes clear that Rose is to control how the business is run. Bush's stake in the $86 million deal is 2%, financed with a $500,000 loan from a Midland Bank of which he had been a director and $106,000 from other sources. Rainwater and Rose put up 14.2 million, Betts and Bernstein invested about $6 million and the balance comes from smaller investors and loans. Bush will eventually sell his share for $15 million.

1990

DAILY ENRON

Federal regulators give Bush son Neil the mildest possible penalty in the $1 billion failure of the Silverado S&L. The deal is so good that Bush drops his appeal. Among other things, Neil, as a Silverado director, voted to approve over $100 million in loans to his business partners.

January: Bahrain awards exclusive offshore drilling rights to Harken Oil. This is a surprise as Harken is in very shaky financial condition, has never drilled outside of Texas, Louisiana and Oklahoma and had never drilled undersea at all. The Bass brothers are brought in by Harken for sufficient equity - $25 million - to proceed with the effort. Harvard Management increases its investment. Harken's stock price rises from $4.50 to $5.50.

May Harken officials warn board the company is about to run out of cash.

June Harken drills two dry holes in Bahrain. George W. Bush sells two-thirds of his Harken Energy stock at the top of the market for $850,000, a 200% profit, but makes no report to the SEC until March 1991. Bush Jr. says later the SEC misplaced the report. An SEC representative responds: "nobody ever found the 'lost' filing." One week after Bush's sale, Harken reports an earnings plunge. Harken stock falls more than 60%. Bush uses most of the proceeds to pay off the bank loan he had taken a year earlier to finance his portion of the Texas Rangers deal.

August: Saddam Hussein invades Kuwait. Harken's stock price drops substantially. Two months after Bush sells his stock, Harken posts losses for the 2nd quarter of well over $20 million and is shares fall another 24 %, by year end Harken is trading at $1.25. Bush has insisted that he did not know about the firm's mounting losses and that his stock sell-off was approved by Harken's general counsel.

George W. Bush is asked by Carlyle Group to serve on the board of directors of Caterair, one of the nation's largest airline catering services which it had acquired in 1989. The offer is arranged by Fred Malek, long time Bush associate who is then an advisor to Carlyle.

October: Arlington, Texas Mayor Richard Greene signs a contract that guarantees $135 million toward the new Texas Ranger Stadium's estimate price of $190 million. The Rangers put up no cash but finance their share through a ticket surcharge. From the team's operating revenues, the city will earn a maximum of $5 million annually in rent, no matter how much the Rangers reap from ticket sales and television (a sum that will rise to $100 million a year). Another provision permitts the franchise to buy the stadium after the accumulated rental payments reached a mere $ 60 million. The property acquired so cheaply by the Rangers includes not just a fancy new stadium with a seating capacity of 49,000 but an additional 270 acres of newly valuable land. Legislation is passed and signed that authorizes the Arlington Sports Facilities Development Authority with power to issue bonds and exercise eminent domain over any obstinate landowners. Never before had a Texas municipal authority been given the license to seize the property of a private citizen for the benefit of other private citizens. A recalcitrant Arlington family refuses to sell a 13 acre parcel near the stadium site for half its appraised value. The jury awards more than $4 million to the family.

November: Harken transfers $20 million in debts to Harvard partnership, eliminates another $16 million in debt by transferring assets to Harvard.

Fred Malek returns to power with ambassador status to head up planning for the economic summit.

S&L industry is losing money at the rate of $3 million a minute. Bailout chief estimates total cost at $325-500 billion.

Some 200 young soccer players have their games canceled for security reasons because Bush wants to go fishing on the Potomac nearby. Says one seven-year-old player: "We had a tough soccer game and he's just going fishing. He could play somewhere else."

Bush son Jeb gets the federal government to pay off the $4,5 million he owed to a failed Florida thrift. Jeb pays $500,000.

Bush brother Jonathan's east coast brokerage fined in two states for violating laws and Jonathan is barred from public trading in Massachusetts.

Bush's attorney general, Richard Thornberg, is warned about BCCI but does nothing.

Federal court of appeals throws out the Inslaw case on the grounds that it did not belong in bankruptcy court.

Bush says, "The economy is headed in the right direction."

1991

January: President Bush attacks Iraq.

February: Dubya, as the official in charge at Harken, reports his stock sale to the SEC - eight months late.

April - The SEC begins an investigation into Harken dealings. Chairman Richard Breeden, who was appointed by the senior Bush and served him as an economic policy adviser, hails from Baker & Botts, a big Texas oil law firm where he was a partner. Inside the SEC, James Doty, general counsel and the official in charge of any litigation that might come out of the Harken investigation, is another alumnus of Baker & Botts. And as a private attorney, before joining the government, Doty represented the younger Bush in matters related to Dubya's ownership of the Rangers.

September: Harvard begins selling Harken stock at more than $6 a share, receiving $7.4 million over the next 12 months.

Former top aide to White House Chief of Staff John Sununu goes to work for a prominent figure in the BCCI scandal less than a month after leaving the Bush administration. Edward Rogers Jr. signs a $600,000 contract to give legal advice to Sheik Kamal Adham, an ex-Saudi intelligence officer who is being investigated for his role in BCCI's takeover of First American Bancshares.

The Miami acting US Attorney is allegedly rebuffed by the Justice Department in his efforts to indict BCCI and some of its principal officers on tax fraud charges. Justice Department later denies this occurred.

Danny Casolaro, a reporter investigating the Inslaw story, is found dead in a motel room bathtub, the day after he met a key source. The death was ruled a suicide. Perhaps he is despondent over the loss of his briefcase, which is missing from the room.

George Bush spends three nights in a Houston hotel so he can claim Texas residency. Texas has no income tax.

Neil Bush bails out of Apex Energy after collecting $320,000 in salary plus expenses. Bill Daniels, cable-TV magnate who has been lobbying against regulation of the cable industry, offers Neil a job. According to a representative, he "thought Neil deserved a second chance."

1992

New York Times reports that three of Bush's top fundraisers are being sued in connection with bank failures and another pleaded guilty to mail fraud in connection with an S&L. These men include the GOP national finance chair, vice chair and two co-chairs of the President's Dinner, which raised $9 million for Republican causes.

Former US Attorney General Elliot Richardson, representing the owners of Inslaw, tells Mother Jones, "I don't know any case where the government has stonewalled like this."

First of Harken Energy's wells off Bahrain comes up dry. George W. Bush takes a leave of absence from the firm to work in his father's campaign, saying "I don't want to involve this company in any kind of allegations of conflicts or whatever may arise."

Village Voice reports that President Bush has taken at least 76 partisan flights during his term, at a cost to the taxpayers of over $6 million.

Nixon's Jew hunter Fred Malek is back as Bush's campaign manager.

Campaign sells photo opportunities with the president at a fundraiser for $92,000 each.

Washington, DC, loses $52,000 in taxes because Bush claims to be a Texas resident.

Donald H. Alexander contributes $100,000 to Team 100; shortly thereafter he's named ambassador to the Netherlands.

Bush says: "I will do what I have to do to be reelected."

JERRY URBAN, HOUSTON CHRONICLE, JUNE 4, 1992: The Financial Crimes Enforcement Network -- known as FinCEN -- and the FBI are reviewing accusations that entrepreneur James R. Bath guided money to Houston from Saudi investors who wanted to influence US policy under the Reagan and Bush administrations, sources close to the investigations say . . . The federal review stems in part from court documents obtained through litigation by Bill White, a former real estate business associate of Bath . . . White became entangled in a series of lawsuits and countersuits with Bath, who for some six years has prevailed in the courts. . . . In sworn depositions, Bath said he represented four prominent Saudis as a trustee and that he would use his name on their investments. In return, he said, he would receive a 5 percent interest in their deals. Tax documents and personal financial records show that Bath personally had a 5 percent interest in Arbusto '79 Ltd., and Arbusto '80 Ltd., limited partnerships controlled by George W. Bush, President Bush's eldest son. Arbusto means 'bush' in Spanish. Bath invested $ 50,000 in the limited partnerships, according to the documents. There is no available evidence to show whether the money came from Saudi interests. George W. Bush's company, Bush Exploration Co., general partner in the limited partnerships, went through several mergers, eventually evolving into Harken Energy Corp., a suburban Dallas-based company . . . Bush said that to his knowledge, Bath's investment was from personal funds, and no Saudi money was invested in Arbusto. Bath, 55, a former U.S. Air Force pilot, declined to comment for the record. Spokesmen for FinCEN and the FBI also declined to comment. According to a 1976 trust agreement, drawn shortly after Bush was appointed director of the Central Intelligence Agency, Saudi Sheik Salem M. Binladen appointed Bath as his business representative in Houston. Binladen, along with his brothers, owns Binladen Brothers Construction, one of the largest construction companies in the Middle East. According to White, Bath told him that he had assisted the CIA in a liaison role with Saudi Arabia since 1976. Bath has previously denied having worked for the CIA . . . Bath received a 5 percent interest in the companies that own and operate Houston Gulf Airport after purchasing it on behalf of Binladen in 1977.

1993

The SEC ends a perfunctory investigastion of Harken.

With the new Ranger stadium being readied to open the following spring, George W. Bush announces that he would be running for governor. He is says his campaign theme will be self-reliance and personal responsibility rather than dependence on government.

PBS FRONTLINE: [From a French source] The Saudi authorities' decision to issue an arrest warrant for Osama bin Laden on 16 May 1993 does not threaten to affect the relationship between the bin Ladens and the royal family. Osama, one of Mohammed's youngest son, has been known for years for his fundamentalist activities . . . King Fahd's two closest friends were: Prince Mohammed Ben Abdullah (son of Abdul Aziz' youngest brother), who died in the early '80s and whose brother, Khaled Ben Abdullah (an associate of Suleiman Olayan), still has free access to the king; and Salem bin Laden, who died in 1988 . . . Like his father in 1968, Salem died in a 1988 air crash...in Texas. He was flying a BAC 1-11 which had been bought in July 1977 by Prince Mohammed Ben Fahd. The plane's flight plans had long been at the center of a number of investigations. According to one of the plane's American pilots, it had been used in October 1980 during secret Paris meetings between US and Iranian emissaries. Nothing was ever proven, but Salem bin Laden's accidental death revived some speculation that he might have been "eliminated" as an embarrassing witness. In fact, an inquiry was held to determine the exact circumstances of the accident. The conclusions were never divulged . . . There was also a political aspect to Salem bin Laden's financial activities . . . Salem bin Laden played a role in the US operations in the Middle East and Central America during the '80s. On his death in 1968, Sheik Mohammed left behind not only an industrial and financial estate but also a progeny made up of no less than 54 sons and daughters, the fruit of a number of marriages . . . Upon Sheik Salem's death, the leadership of the group passed to his eldest son, Bakr, along with thirteen other brothers who make up the board of the bin Laden group. The most important of these are Hassan,Yeslam and Yehia. Most of these brothers have different mothers and different nationalities as well. Each has his own set of affinities, thus contributing to the group's international scope. Bakr and Yehia are seen as representatives of the "Syrian group"; Yeslam, of the "Lebanese group". There is also a "Jordanian group." Abdul Aziz, one of the youngest brothers, represents the "Egyptian group" and is also manager of the bin Laden group's Egyptian branch, which employs over 40,000 people. Osama bin Laden is, incidentally, the only brother with a Saudi mother.

FRONTLINE

1994

George W. Bush is elected Governor of Texas, defeating Ann Richards 53 to 46 %.

1999

George W. Bush celebrates the Martin Luther King holiday by staying inside the Governor's Mansion with the windows closed so he wouldn't hear the thousands of Martin Luther King celebrants listening to speeches right outside his window on the Texas capitol grounds, less than a football field away . .

NEWSMAX: Soon-to-be GOP presidential nominee George W. Bush was suspended during his service in the Texas Air National Guard for failing to take a physical that included a drug test, The Sunday Times of London reports . . . "In April 1972 the Pentagon implemented a drug-abuse testing program that required officers on 'extended active duty', including reservists such as Bush, to undergo at least one random drug test every year," reported the Times. "The annual medical exam that year included a routine analysis of urine, a close examination of the nasal cavities and specific questions about drugs." . . . But in May 1972, he took a leave of absence from the Guard to work on the Senate campaign of Winton Blount, a friend of George Bush Sr., then a Texas congressman. Bush Jr. applied for a transfer from Houston to Dannelly Air Force Base in Montgomery, Alabama. But, says the Times, documents show no evidence that once in Alabama, Bush ever attended the required training. Bush's commander for the period in question, Gen. William Turnipseed, now retired, claims the young airman never showed up for regular drills . . . The Texas Governor has been plagued by drug questions since last summer, when he claimed to be drug free for the last 25 years . . . Still, despite a deluge of media speculation over Bush's possible past cocaine use, not a single witness has come forward to say they saw him use the drug. On the other hand, no fewer than six witnesses have claimed in published reports that President Clinton used cocaine.

"Some people have too much freedom." -- George W. Bush

2000

"Jeb's the smart one" -- George Bush Sr. to dinner partner

Former President George Bush tries to block Gen. Manuel Noriega's release from a US prison because he fears the Panamanian strongman wants to kill him. Noriega attorney Frank Rubino says the assertion was made by Assistant US Attorney Pat Sullivan, who represented the government at a parole hearing for Noriega.

* "Please! Don't kill me." -- George W. Bush to Larry King, mocking what Karla Faye Tucker said when asked "What would you say to Governor Bush?" prior to her execution by lethal injection (as reported by Talk magazine, September 1999).

PRATAP CHATTERJEE, SAN FRANCISCO BAY GUARDIAN: early last October, every member of a ninth grade girls track team and the freshman the football team at suburban Houston's Deer Park High School's north campus returned from practice reporting severe breathing problems. That day Deer Park registered 251 parts of ozone per billion, more than twice the federal standard, and Houston surpassed Los Angeles as the smoggiest city in the United States. One of the biggest sources of Deer Park's pollution is a plant owned by Enron, Houston's wealthiest company - and the single largest contributor ($555,000 and counting) to the political ambitions of Texas Governor and Republican presidential nominee George W. Bush. Kenneth Lay, the chief executive of Enron, has personally given over $100,000 to Bush's political campaigns, more than any other individual . . . Enron is best known as the largest buyer and seller of natural gas in the country. Its 1999 revenues of $40 billion make it the 18th largest company in the United States . . . Texas activists say that this tight connection between Bush and Lay bodes ill for the country, if Bush is elected. Andrew Wheat, from Texans for Public Justice, a campaign finance advocacy group in Austin, compared the symbiotic relationship between Enron and the Governor to "cogeneration" - a process used by utilities to harness waste heat vented by their generators to produce more power. "In a more sinister form of cogeneration, corporations are converting economic into political power," Wheat explained.

Dubya as president

 

FROM THE CAMPAIGN

THE BOOK ON BUSH

The most startling article yet on George W. Bush comes from none other than Paul Krassner, the Moses of the alternative press, in what he declares to be the next to last issue of the Realist. Krassner claims to have obtained the report of a special consultant hired by the Bush campaign to analyze the findings of a private investigator also employed by Bush to discover what others might reveal about the Republican candidate. Krassner says he got the document from a source high in the Bush campaign.

This may sound weird, but it's the sort of thing that politicians actually do these days. The Review has previously reported on an similar investigation apparently ordered by Hillary Clinton for the 1992 campaign (The investigator in that case ended up dead in a gang style slaying).

The Bush report is pretty mild stuff compared to the Clinton saga but it does include charges of plagiarism, fraternity hazing, public drunkenness, drunken driving, group sex, cocaine and heroin use, and a woman who claims she and a friend purchased some "bad shit" from Bush, with her friend almost dying as a result.

Unlike Clinton's story, there is no mention of murder, suicide, major drug or other criminal racketeering. The dossier was perhaps best summed up by one alleged sexual partner, a Brazilian woman, who said of her sex with Bush: "I could've of done it in my sleep. In fact, I may have."

On the other hand, there is nothing in the report that recommends Bush for the presidency. Or for any other job, for that matter.

A few excerpts:

On charges of public drunkenness including an incident in which W allegedly flew a Coast Guard plane over East Texas in a state of inebriation and started to dive bomb a tower: "One or two stories like this do us no damage. If, however, the public fixes in its mind an image of W as a fall-down puking drunk, that it isn't exactly great. If this does come out, I suggest we admit everything, but explain it all took place when he was 'under the age of 25.'"

"There is not question that on several occasions W was stopped by police and released on account of his family."

On group sex -- once allegedly over 24 hours: "Clinton paved a broad path here; we should be able to follow him down it without much consequence."

"Of more concern are two instances, neither of which were included in the written report (due to sensitivity) where a theesome or foursome may have included another male. One alleged participant says, 'Junior was so far gone in my opinion that he probably doesn't even remember it' . . . Analysis: This is the sort of thing that wouldn't really do any politician outside of San Francisco much good. The path Clinton paved isn't this wide."

On a woman who claimed to have gotten drugs from Dubya: "As you know, 'Sarah Andrews' (not her real name) is being held in her family's compound in New England. . . . Analysis: None of this is good, but it seems containable. Sarah is unlikely to talk, especially when she's under house guard."

"In casual conversation at the end of our talk, the PI mentioned that he'd done 'three or four' previous reports on other politicians because 'everybody wants to know what the other side will find out." He went on to say that what he'd dug up here 'wasn't much more than what he saw in similar cases.'"

CAVEAT: It is possible that, in a preemptive move, Krassner was given the material so the campaign could later lambaste it as coming from a radical publication. It is also possible that some of the information was deliberately planted so it could be disproved later, thereby discrediting the whole story.

THE REVIEW LIST
Questions the media
probably won't ask
George W. Bush

  • In 1984, after your firm, Arbusto Energy, had fallen on hard times, you managed to get a job as the 30-something president of Spectrum 7 Energy Corporation, the firm that purchased Arbusto. You also got 14% of the Spectrum's stock. Meanwhile, your 50 investors in Arbusto got paid off at about 20 cents on the dollar. Is this the sort of thing your new economic advisor, Lawrence Lindsey, was thinking of when he said Americans had become too greedy?
  • Or might he have been thinking of the deal in 1986 when, after Spectrum 7 had lost $400,000 in six months, you sold it to Harken Energy, becoming a major Harken stockholder and receiving a good salary as a director and consultant?
  • Or was it that time when you sold two-thirds of your Harken stock for a 200% profit on June 22, 1990, just 40 days before the start of the Gulf War and one week before the company announced a $23 million quarterly loss, setting off a 60% drop in share price over the next six months?
  • Why were you so valuable to these companies given your less than impressive business acumen?
  • When you and your Harken partners ran short of cash and hooked up with investment banker Jackson Stephens of Little Rock, Arkansas, he got you a $25 million stock purchase by Union Bank of Switzerland. Did you know that Sheik Abdullah Bakhsh, who joined your board as a part of the deal, was connected to BCCI? Did you know that the United Bank was connected to BCCI (including its operations in Panama), the Nugan Hand Bank (a notorious CIA-front in Australia), and Ferdinand Marcos?
  • Did you know that it was Jackson Stephens who introduced the players in what would turn out to be the infamous First American-BCCI deal?
    Why do your think the government of Bahrain chose Harken to drill its offshore wells even though it had never dug overseas or in water before? Why do you think it chose Harken, with no relevant experience, over Amoco, with plenty of it? Did you ever discuss with your dad Harken-Bahrain deal? Did any sheiks or other officials ever express any concern over the failure of Harken to find any oil? Do you think they really cared?
  • Tell us again why you waited almost a year past the legal deadline to file the necessary SEC report on your Harken stock deal.
    You borrowed $180,000 from Harken at a low rate. Did you ever pay it back or was it included among that $341,000 Harken listed in SEC documents as loaned to executives and later forgiven?
  • You have worked closely with a number of persons with CIA ties. Do you think it is healthy for the country to have three presidents in a row so closely connected with this intelligence agency?
    Do you think it is healthy for the country to have three presidents in a row who are Yale men?
  • Your grandfather Prescott was on the board of Brown Harriman which helped provide some of the financing for the Soviet and Nazi regimes. Do you think this was a wise idea?
  • As president would you continue this tradition in our policy towards China?
  • During World War II your grandfather had property seized under the Trading with Enemy Act. Was he pro-Nazi or just a proto-neo-capitalist ahead of his time?
  • What is the American voter to make of the fact that two of your brothers, one father, one grandfather, and one uncle have been involved in unseemly scandals of one sort or another? How do you distinguish your ethical code from theirs?
  • One of your Uncle Prescott's hot deals resulted in an early but major transfer of sensitive technology to the Chinese government. Your father in 1989 lifted sanctions that blocked such ventures. Do you approve of Uncle Prescott and your father's behavior in these matters? As president would you allow such deals to continue?
  • Do you approve of your uncle and father's role in what has become to be known as the "October Surprise?"
  • You invested $600,000 in the Texas Rangers and later sold out for $15 million. What did you do for the Rangers in between? How much of this profit reflected your ability to get the city of Arlington to condemn land for a ball park at 1/6 its true worth and then impose a 1/2 cent sales tax to subsidize your business? Is this an example of what you meant in 1993 when you said, "The best way to allocate resources in our society is through the marketplace. Not through a governing elite?"
  • Can you name a business deal you have been in that hasn't raised ethical questions? That has made a profit without some form of government subsidy?
  • Why did you have to hire private investigators to find out what dirt private investigators might be able to dig up on you?
    Do you think that you have used more or less cocaine than, say, Marion Barry or Bill Clinton?
    Discuss this remark by Michael King in the Texas Observer: "Although by his own admission George W. was an indifferent student, he was nevertheless the deserving-by-both beneficiary of the oldest most illegitimate, and most sacrosanct form of affirmative action. . . It's business as usual."
  • Since you want to help "instill individual responsibility" and give people a "future of opportunity, instead of dependence on government," why did you and your neighbors at the exclusive Rainbo Club development get a tax break from your government?
  • In what ways do such tax breaks differ from welfare benefits other than that welfare recipients are more needy?
  • Do you believe that being a member of a secret society dedicated to promoting fraternal nepotism in public office is consistent with being president of a democracy?
  • If the words "skull and bones" are mentioned at a White House news conference, will you -- as the tradition of the society demands -- feel compelled to leave the room?

 BUSH'S RUNNING MATE

VEEP STAKE

Richard Cheney and Joe Lieberman are two of the most curious choices for vice president of recent times. While commentators have come up with a number of contorted explanations, the most obvious one is being ignored: Cheney and Lieberman's real constituency is not a collection of voters but the defense industry, which they can be expected to serve as faithfully as they have in the past. Lieberman comes from the land of the Sikorsky helicopters and told Connecticut voters as recently as last October that "In my view, one layoff is one too many because each and every worker represents the very heart and soul of our national defense."

Selecting a couple of reliable Pentagon pimps is important at this time for reasons not widely reported: there is strong bipartisan support for a planned massive increase in defense spending. The build-up would raise the size of the Pentagon budget relative to GDP by about 50%.

This is not a secret plan. For example, Defense Daily reported on August 16 that the Marine Commandant, General James Jones, was talking about going from "about 2.9 percent through a gradual ramp-up to about 4 and 4.5 percent of the US Gross Domestic Product. And the Washington Post said: "The nation's military leaders say they will loyally obey the president's marching orders until the moment he leaves office in January. But when it comes to money matters, they already are targeting the next administration."

Just in the short term, the increases sought are "equal to almost the entire budget for the Education Department." Said a civilian Pentagon official, "the service requests have been unrestrained." Writes the Post:

"'We're going for the big money,' said an officer on the staff of the Joint Chiefs, adding that his bosses are 'a little bit like kids in the candy store.'"

The military especially likes Bush but won't be disappointed with Gore who told the Veterans of Foreign Wars a few years ago:

"It is the Republican Congress themselves that would cut defense at the turn of the century to try to make their numbers fit together. Again, look beyond the rhetoric and look at the facts. Let me repeat. It is the Republican defense budget, not President Clinton's, that drops in the next century. President Clinton's budget, which is also there for your to see, does not. It increases."

* * *

PUBLIC I: Under the guidance of Richard Cheney, a get-the-government-out-of-my-face conservative, Halliburton Company over the past five years has emerged as a corporate welfare hog, benefiting from at least $3.8 billion in federal contracts and taxpayer-insured loans. One of these loans was approved in April by the US Export-Import Bank. It guaranteed $489 million in credits to a Russian oil company whose roots are imbedded in a legacy of KGB and Communist Party corruption, as well as drug trafficking and organized crime funds, according to Russian and US sources and documents. Those claims are hotly disputed by the Russian oil firm's holding company . . . If Halliburton has benefited from government generosity, it also has reciprocated with substantial political contributions, largely to Republicans. During Cheney's five years at the helm, the company has donated $1,212,000 in soft and hard money to candidates and parties, according to numbers compiled by the non-partisan Center for Responsive Politics. In the five years prior to his arrival, the company had given $534,750.

THE DALLAS MORNING NEWS reports that GOP vice presidential candidate Dick Cheney failed to vote in 14 of 16 elections since moving to Texas in 1995. Cheney's Democratic rival for the vice presidency, Sen. Joe Lieberman of Connecticut, has a five-for-six rate of election participation over the same period according to the paper.

1987 was a big year in the Reagan administration. The Iran-Contra chickens were coming home to roost. The previous December, CIA director William Casey had developed a brain tumor and lost his ability to speak. In February 1987 he resigned and died soon afterwards. That same month, former National Security Director Robert McFarlane tried to commit suicide. Also in February, the Tower Commission laid the blame on White House chief of staff Donald Regan for the "chaos that descended upon the White House" in the Iran-Contra affair. The commission praised Bush for his "vigorous reaffirmation of US opposition to terrorism in all forms" Regan was forced to resign.In November a joint congressional investigation of Iran Contra issued a bland report that cleared Vice President Bush. Key to the exculpation was senior House Republican member Richard Cheney. When he became president Bush appointed Tower as Defense Secretary and fellow Tower Commission member Brent Scowcroft as national security adviser. The Senate refused to confirm Tower and Bush named the loyal Cheney in his stead.

Cheney's voting record was slightly more conservative than mine -- Newt Gingrich. In 10 years in the House, [Dick Cheney]... chocked up a conservative voting record that rivaled Senator Jesse Helms's. -- Business Week

GREG PIERCE, WASHINGTON TIMES: As secretary of defense, Richard B. Cheney entertained major Republican contributors at private meetings at the Pentagon, the Associated Press reports, citing documents gathered by congressional fund-raising investigators. Mr. Cheney was host for at least two GOP donor gatherings inside the Defense Department in 1991 and in 1992, the records show. "If he's having an open house for contributors at the Pentagon, it does bring back reminiscences of the Lincoln Bedroom," said Larry Makinson, executive director of the Center for Responsive Politics . . . On Aug. 19, 1992, members of the Presidential Roundtable (minimum donation $5,000) attended a briefing with Mr. Cheney . . . A Republican National Committee brochure that touted the benefits of joining the Presidential Roundtable included a picture of Mr. Cheney briefing members at the Pentagon.

SAM SMITH, "WHOSE WAR IS IT?," TPR 1992: George Bush's behavior in [the Iraq] affair is bizarre even by presidential standards, let alone constitutional ones. He has barely consulted the joint chiefs of staff while making a commitment of American troops close to that in Vietnam. When Defense Secretary Cheney made a televised announcement that the US might be sending more troops to Saudi Arabia, Gen. Colin Powell learned of it while on his way back from the Middle East. And the president has clearly not consulted Congress. The question inevitably arises: whose war is this going to be? Sununu's? Cheney's? Millie's? Some of the speculation has bordered on the grotesque. The emir of conventional journalism, David Broder, wrote on November 18: "It is almost impossible to imagine a more serious, calm, cautious, rational and prudent set of people than those the president has assembled." The New York Times's R. W. Apple Jr., who got off to a bad start in August characterizing Bush as "tough" and "statesmanlike," had recovered enough by December to write: "Right from the start, foreign policy professionals have complained that Mr. Bush, something of a foreign policy professional himself, has drawn the circle too tight, limiting discussions of really important positions to himself, Secretary of State James A. Baker 3rd, Defense Secretary Dick Cheney and Brent Scowcroft, his national security advisor." One foreign editor on the case described the vision of the White House as being as though looking through a "rifle sight." There is no apparent consideration of long-term effects, cultural factors, the links with other regional issues or history. I suspect that for George Bush, invading Iraq would not really be a war at all, but as with Noriega, more of a personal match -- tennis by other means. An old preppie treating the whole world as his country club.

TPR, FEBRUARY 1992: Extra! reports that People magazine's Dirk Mathison made three surreptitious visits [to Bohemian Grove] last July, aided by members of the Bohemian Grove Action Network. Among the activities he witnessed was a speech by former Navy Secretary John Lehman, who said the Pentagon estimated that 200,000 Iraqis were killed in the recent war. Other policy addresses were by Richard Cheney, Joseph Califano, and Elliott Richardson. Mathesin, however, was recognized by an official of Time Warner (People's owner), who made him leave. Mathesin had plenty of material and turned in a story, but after an initially enthusiastic response, the piece was killed, just as early stories on the Grove for NPR and Time had been scotched.

THE LIST
State rankings of Texas
under George Bush

- Teacher salaries at beginning of 1st term , 36
- Teacher salaries at beginning of 2nd term, 38
- Teacher salaries plus benefits, 50
- High school completion rate, 48
- SAT scores - 1996 combined math & verbal: 995, 44
- SAT scores - 1998 combined math & verbal: 995, 44
- Highest % of children without health insurance, 1
- Highest % of poor working parents without insurance, 1
- Highest % of population without health insurance, 2
- Highest number of people stripped of Medicare benefits, 1
- Highest teen birth rate, 5
- Per capita funding for public health, 48
- Delivery of social services, 47
- Mothers receiving prenatal care, 45
- Child support collections, 45
- Number of executions, 1
- Teen smoking - down nationally, flat in Texas,
- Teen drug use - down nationally, up 30% in Texas
- Pollution released by manufacturing plants, 1
- Greenhouse gas emissions, 1
- Spending for parks and recreation, 48
- Spending for the arts, 48
- Public libraries and branches, 46
- Spending for the environment, 49
- Best place to raise children, 48
- Home ownership, 44
- Highest homes insurance rates in the nation, 1
- Spending for police protection, 47

BILLIONAIRES FOR BUSH (OR GORE)

Similarities between the candidates:

- Father was a powerful Washington insider
- Opposes raising the minimum wage to match the cost of living
- Supports corporate-managed trade: (NAFTA, WTO & IMF)
- Favored repeal of federal guarantee of assistance to poor children
- Got rich in a business subsidized by taxpayers Bush: oil & gas, baseball stadiums; Gore: agribusiness
- Supports Federal Reserve policy of keeping wages low to prop up stock prices
- Will continue taxpayer subsidies of generous CEO salaries
- Supports tens of billions of dollars in corporate subsidies
- Will continue to tax earnings from stock market at lower rate than income from actual work
- Supports repeal of Depression-era banking regulations designed to protect small depositors
- Raised record amounts of campaign cash from wealthy corporate donors
- Same color and gender as every other President
- In the richest 5% of population
- Mediocre golfer
- 66 corporations have given to both Bush and Gore

FEELING BUSH'S PAIN

[The web site, GWBush.com, has obtained a number of letters from inmates imprisoned on drug charges that compare their "youthful indiscretions" with those of Dubya. Here's one]

Boy, do I feel your pain. Why are people always dredging up what you did a decade, even two or three decades ago? After all, Henry Hyde and Bob Livingston were still enjoying "youthful indiscretions" at our age! And what about those in Congress who "experimented" with drugs? (You and I just abused them!). Hell, the same drugs they "experimented" with, they're mandating 10 and 20, even life sentences for first time, non-violent experimenters -- far more than for bank robbery and rape. If (select) drugs are worthy of such irrational sentences, why can't people avoid responsibility for "lesser" offenses, say, "experimenting" with bank robbery, or "experimenting" with rape? Nah, this drug thing they're hanging on you isn't right. Like you say, it's time to "forgive and forget."

I noticed the press you are getting for being coked up at your Dad's inauguration. Strictly your business I figure. Besides, drinking heavy like you did, a pinch of Peruvian marching powder can really help titrate that buzz. It's like Oreos and milk, isn't it? I've been there. But can I give you some advice? Switch to pot. That disco dust and alcohol can make you mean, while pot mellows you out - you know what I mean. Besides, it makes you a hell of a lot more "compassionate." You ain't itchin' to pull the trigger on every execution that comes across your desk (especially the 14 year olds you pushed to be able to fry)!

Speaking of forgetting, I've been rotting in federal prison for years now. The only one who hasn't forgotten me is my federal prosecutor. Don't get me wrong, I sort of like Paul (I call him Paul; he calls me scumbag druggie). He's like a pit bull you can't help but grow fond of, even though he'd be a lot happier, I'll bet, if he "experimented" like you and me. Come to think of it, being forgotten isn't all that great. Your wife, your dog, and especially the message it sends to the kids. Forgiving though, that's more in line with the "compassionate" thing you are pushing. I like the "responsibility" thing too.

Yes George (can I call you George?; we're so alike I feel we could be friends) it's time to accept responsibility for your actions, then to forget, then forgive. Just like you say. -- Kevin McHall Reg. No. 05689-052 PO Box 9000 Seagoville, Texas 75159-9000

GREAT MOMENTS
OF THE BUSH CAMPAIGN

DAVID LETTERMAN: How do you look so youthful and rested?
GEORGE W. BUSH: Fake it.
DAVID LETTERMAN: And that's pretty much how you're going to run the country?
* * *
DAVID LETTERMAN: Let me remind you of one thing, governor: the road to Washington runs through me.
GEORGE W. BUSH: It's about time you had the heart to invite me. [Boos]
DAVID LETTERMAN: You're winning delegates left and right, governor.
* * *
DAVID LETTERMAN: You often say: I'm a uniter, not a divider. What does that mean?
GEORGE W. BUSH: It means when it comes time to sew up your chest cavity, we use stitches as opposed to opening it up. [Boos]

WHY GROWN UP MEN
ACT THE WAY THEY DO

[The following, while not providing information new to TPR readers, represents something of a break-through in the mainstream press, which (with a few exceptions such as Esquire) has treated Yale's hyper-powerful and bizarre fraternity as if it was also a member of Skull & Bones]

STEPHEN PROTEHRO, SALON: Though a seniors-only society, Skull and Bones is more than a tad sophomoric. Each May on "Tap Day," senior Bonesmen troll around Yale's campus, selecting, or "tapping," 15 juniors for membership in the upcoming class. The initiation rites that follow sound like something out of Fred Flintstone's Water Buffalo Lodge or a Robert Bly retreat. Each knight, as neophytes are called, reportedly regales his fellow initiates with his sexual exploits. (He may or may not be naked and may or may not be lying in a coffin.) During initiation, he endures some sort of physical challenge (mud wrestling? diving into a dung pile?) before being born again with a new name and a new identity. In the outside world, members are never to speak about their society. If outsiders raise the topic, Bonesmen are supposed to leave the room. Members take their secrecy oath seriously -- no insider has ever published an exposé -- so it is impossible to separate the realities from the rumors that swirl around the society. One rumor has each new member receiving a $15,000 payout. Another says the interior of the "Tomb" (the eerie Gothic headquarters where twice-a-week meetings are held) is decorated with human remains, including the skulls and bones of notables such as Mexican revolutionary Pancho Villa and Apache warrior Geronimo. -- SALON

BUSH AT LARGE

"The lessons learned are is that the United States must not retreat within our borders. That we must promote the peace. In order promote the peace we've got to have strong alliances--alliances in Europe, alliances in the Far East. In order promote the peace, I believe we ought to be a free-trading nation. ... The lessons of Acheson and Marshall are is that our nation's greatest export to the world has been, is, and always will be the incredible freedoms we understand in the great land called America."-- George W. Bush

I asked [Bush] about the efforts of Southern Baptists to convert Jews, and he responded: "I mean, that's the Southern Baptists. But I don't think that this is a government function." --Franklin Foer

"When Forbes pushed [Bush] to explain how, precisely, his administration would respond to rising oil costs, Bush fell apart. His answer: "We'd keep plans in place to say to our drillers, 'Keep on exploring.' -- Tucker Carlson

THE REVIEW LIST
Books the George Bush campaign
claims its candidate has been
reading while running for president

-- "Acheson: The Secretary of State Who Created the American World," by James Chace. 512 pages.
-- A biography of John D. Rockefeller. 774 pages.
-- A book on Chinese-American relations. 476 pages.
-- Total pages of books Bush is said to be reading: 1,762

"Sitting down and reading a 500-page book on public policy or philosophy or something." -- George W. Bush when asked to name something he isn't good at (Talk magazine, September 1999).

THE REVIEW LIST
Nicknames Given George W. Bush

W.
II
Two
Too
Guv
G.W.
G-Dub
G-Bub
Shrub
Dubya
Junior
Bushie
Guv-Dub
Bushbush
George II
George Two
George Too
Boy George
King George

Copyright 2000, The Progressive Review