Bush's brother has 400,000-dollar contract with Chinese firm

channelnewsasia ^

[maui_hawaii]

WASHINGTON, : Neil Bush, a younger brother of US President George W. Bush, has a 400,000-dollar-a-year consulting contract with a Chinese computer chip manufacturing firm, The Los Angeles Times reported on its web site.

Citing court documents filed in the course of Neil Bush's divorce proceedings in Houston, Texas, the newspaper said the president's brother had agreed to strategize with China's Grace Semiconductor Manufacturing Corp at the same time the Bush administration is trying to help US firms compete more effectively against the Chinese.

There is no indication he has done anything improper, according to the report.

However, the arrangement could attract attention during a presidential election cycle in which Chinese business practices have become a hot button issue, The Times said.

"There's certainly the appearance of influence being sought," the paper quotes Charles McMillion, a Washington business consultant who advised a congressional commission on US-China policy as saying. "If nothing else, it doesn't look good."

Bush's divorce from Sharon Bush was finalized in April.

According to the consulting contract, Neil Bush was to receive two million dollars worth of Grace Semiconductor preferred stock over five years, issued in annual increments of 400,000 dollars, the paper said.

In return, Bush agreed to "provide GSMC from time to time with business strategies and policies; latest information and trends of the related industry, and other expertized advices," the report quotes the contract as saying.

- AFP

[maui_hawaii]

chipmaker founded by a son of former Chinese president Jiang Zemin, Grace Semicon-ductor Manufacturing Corp

If you think this is something, the Bush family is connected in China. This is nothing.

George Bush the father was the one in the UN seat for the US that got China into the UN...

[maui_hawaii]

Considering all things, this article and reporting is designed to be a hit piece against GW....little more.

[MJY1288]

Should we heat up the tar bucket and start gathering feathers yet. How dare he have a contract with a Chinese Company. Right after we tar and feather Neil Bush, we need to go after WalMart

[thoughtomator]

I saw a black helicopter last week

[Snidely Whiplash]

Wasn't ol' Neil involved in some slimy stuff back in the 80s? ISTR it was some S&L thing...

Snidely

[dagnabbit]

Right after we tar and feather Neil Bush, we need to go after WalMart

Sounds good to me.

[MJY1288]

"George Bush the father was the one in the UN seat for the US that got China into the UN"

To think that China gets included with the other 180 some nations in the UN

"Oh The Humanity"

[ladyinred]

My My. It appears we are going after the Bush family now in the wake of election 2004. This is so surprising when his Father was Ambassador to China for years? Did he also give away military secrets to them for illegal campaign funds?

[MJY1288]

Yes, Neil was involved in the S&L scandal, by all rights, Neil should be considered RADIOACTIVE,

[maui_hawaii]

Doing business with China isn't illegal.

The real policy debate regarding trade isn't at all whether or not people do business with China.

The debate is about openness, and balance not only in China, but all of Asia.

People like me think it would be smart to tone down the rush into China, not outlaw it outright.

[maui_hawaii]

I have no idea what they did. Personally it doesn't matter to me.

If I had to answer for all the stupid things my family members have done, it would be a sad day.

[MJY1288]

Agreed, But the barn door is open wide and it will take some doing to close it a bit

[Calpernia]

ping

[SubMareener]

I am deeply, deeply saddened by this news! Imagine a relative of the President doing business with the ChiComs!

[OneTimeLurker]

And I'm sure he got this contract with the Chinese because of his business savy.

Not that it should reflect badly on the President.

[MJY1288]

Something tells me that Nuclear Secrets are not involved in this deal and the RNC will not see a substantial increase in their coffers either :-)

[maui_hawaii]

The truth is, the Bush family has connections in China. The Bush's are BIG there. Its been that way for 30 years.

Running the risk of sounding pro-China, its not a bad thing.

People want us to discriminate against them on everything. I don't think we take all their stuff. I don't think we should put up with their crap...

Some in China are deserving of bad treatment.

To throw out everyone though in one fell swoop isn't the right thing to do.

[eastforker]

Hell,I do business with the Chicoms,so what,there are things they offer that are not available to buy here.If I can buy it,cut out the middle man,resell it and make a buck,I'm gonna do it.

[Lurkd Long Enough]

George Bush the father was the one in the UN seat for the US that got China into the UN...

Wow. The things you learn on FR. I didn't know that. So he must have some connection to the country.

[Askel5]

=== This is nothing. George Bush the father was the one in the UN seat for the US that got China into the UN...

And he was our first ambassador. (Something I learned here at Free Republic, actually.)

But all that's old history. Surely you're still a little tingly -- I know I am -- every time you think about the Hostage Fears for Bush Uncle in China.