Bush's brother has US$400,000 contract with Chinese firm

People Daily ^ | 11.29.03

[Dr. Marten]

Bush's brother has US$400,000 contract with Chinese firm

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 has 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.

Grace Semiconductor, based in Shanghai, was founded in 2000 by Winston Wong, the son of Taiwanese business magnate Wang Yung-ching, the Times said. Wong co-signed the contract with Bush.

There is no indication that Neil Bush 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.

Bush signed the contract on August 15, 2002, according to The Times.

The report said it was not clear how much compensation Neil Bush had received so far.

The contract said he would receive the first 400,000-dollar allotment within one month of the company's 2002 board meeting, "provided you have duly furnished GSMC with the information and details required for the issuance or transfer of the share certificate," according to the paper.

The company has said its goal is to become a leading manufacturer of integrated circuits and other semiconductor products, according to the report.

It has invested 1.6 billion dollars to build two manufacturing plants in Shanghai. Production from the first plant began in September, The Times said.

President Bush has three brothers -- Jeb, the current governor of Florida, Neil and Marvin -- as well as one sister, Dorothy.

[jocon307]

These presidential brothers can be a real bother. And it's a bi-partisan thing.

[Pikachu_Dad]

Dorothy, I don't think we are in Kansas anymore !!!

[At _War_With_Liberals]

[Trust but Verify]

I guess being the brother of a President means you aren't allowed to be a businessman. If there's nothing illegal, what's the problem?

[Eric in the Ozarks]

How much money is involved between Wal Mart and the Red Chinese ?
Compared to the Clinton kickbacks, I'd say $400,000 is chump change.

[Dr. Marten]

To some degree I agree, but I think it is rather ironic that if it were a Dem. President such as Klintoon and his brother, many would take the opposite stance with regards to asking what's wrong with it.

[Trust but Verify]

Comparing Bill Clinton and his family with George Bush and his family is like comparing turds to roses, IMO.

[international american]

"To some degree I agree, but I think it is rather ironic that if it were a Dem. President such as Klintoon and his brother, many would take the opposite stance with regards to asking what's wrong with it."

If Klintoon or his friends or family were doing this, you could almost guarantee they WOULD do something improper. As we all know, character DOES matter.

[Mulder]

Why should anyone be surprised?

The Bush family loves statist dictatorships, starting with Prescott Sr. being in bed with Nazis.

Now Prescott Jr. is in China with the chamber of commerce. Neil is also dealing with the Chicoms, to the point where he is getting paid by a business run by Ziang Jemin, and having women come to his room to have sex with him for no apparent reason. And of course, W gave the chicoms permanent MFN status, something even Klinton wasn't able to accomplish.

But nothing to see here folks. Move right along.

[Mulder]

If Klintoon or his friends or family were doing this, you could almost guarantee they WOULD do something improper.

Like granting them permanent MFN?

[international american]

Therrrrrrre ya go!!

[ServesURight]

Sources, links, facts?

[Mulder]

Sources, links, facts?

Prescott Bush and Nazi connection:

http://www.nhgazette.com/cgi-bin/NHGstore.cgi?user_action=detail&catalogno=NN_Bush_Nazi%20Link

http://www.infowars.com/print_prescott.htm

Prescott Bush Jr and China:

http://www.usatoday.com/news/washington/2002/02/19/usat-prescott-bush.htm

http://www.usccc.org/Current/mem-b.htm

Neil Bush and China

http://dailynews.att.net/cgi-bin/news?e=pri&dt=031125&cat=news&st=newsbushbrotherdc

Plenty more available with doing a google search.

[Dr. Marten]

"Comparing Bill Clinton and his family with George Bush and his family is like comparing turds to roses, IMO."

Not when they are doing business with the same enemy!

[Kay Soze]

If mom and dad joe 6 pack were the leasst bit concerned about China's influence over the US- They'd stop shopping at Wal Mart.

China's rising world power is obviously no longer an issue.

[Willie Green]

Related thread: Bush's Brother Has Contract to Help Chinese Chip Maker

And some tinfoil for additional consideration:

China near to agreeing state bank bail-outs
Pentagon Is Told To Focus On Health Of Semiconductor Industry Or Risk Buying Chips From China

[Dr. Marten]

I for one do not shop at wall-mart

[OPS4]

How many of the companies in the UNited States have not created ties with the Chinese and othe foreign owned companies, whos agendas are anti-U.S.A.?

How many Americans work for these companies, as they export thier jobs and lay them off?

How many Americans have beed wiped out because many of these same companies have wiped out thier 401-K's?

Maybe if more Americans and American Companies are smart enough to buy ownership in these foreign companies we can get control back into our grasp and still profit from what we have allready lost. After all that is what they have done to us.

The world is changing, follow the Bush lead, and maybe your fortunes in Caesars world will increase.

Ops4 God Bless America!

[Sabertooth]

*Neil is also dealing with the Chicoms, to the point where he is getting paid by a business run by Ziang Jemin, and having women come to his room to have sex with him for no apparent reason.

**Sources, links, facts?

FR search by keyword: NEILBUSH

Bush's Brother Has Contract to Help Chinese Chip Maker
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