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.

[EGPWS]

I want Bush to pursue government policies that promote the peaceful, long term prosperity and national security of We the People of the United States of America.

And, of course to you, pumping an extra $2M into our free enterprise system is out of the question if that money is foreign.

[Willie Green]

Your tag line tells me all I need to know, and therefore your comments do not warrant response.

Then why did you bother clicking on the "reply" button???

Lemme guess: you're just another flatulent bozo who can't resist launching personal attacks.

Take a hike.

[Ahban]

He did not refute your points, he just insulted you based on your tagline. I hope you can switch it to go Constitution Party go!

http://www.constitutionparty.com

The establishment media managed to slime the messenger (PJB) but the message is still an apt one.

[Trust but Verify]

What does what 'daddy' and Neil do have to do with the PResident? Do you have any control over what your father, brother, or any other family members do for a living?

[Sabertooth]

Puh-leeze. China is not 'the enemy'.

They don't believe that.

China's long-term aspirations are to become a regional hegemon in South Asia. They attempt to fill every post Cold War vacuum left by the contraction of American reach and the disintegration of the Soviet Union.

China is a hostile nation, whose interests don't coincide with ours.

[Willie Green]

Do you have any control over what your father, brother, or any other family members do for a living?

Influential connections have played only a minor role in my family's prosperity. So far, none of us have been able to secure a seat on a Board of Directors as an entry level position.

[Trust but Verify]

So far, none of us have been able to secure a seat on a Board of Directors as an entry level position.

Ah, so now we have it. Envy is a very unbecoming character flaw.

[Mulder]

I managed logistics for the construction of three petrochemical plants in China a couple of years ago and had to go over there. Does that mean I should be under suspicion too?

Did you have any knowledge of petrochemical plants, or did they just give you hundreds of thousands of dollars as a "consultant" like they gave to Neil Bush?

[Willie Green]

Envy is a very unbecoming character flaw.

It's only perceived that way by those who feel insecure in their unearned elevated status. For most people "envy" is merely another facet of the natural human motivation to improve one's own condition in life. Disdainful pride, gluttony, avarice and sloth are actually much more unbecoming.

[Mulder]

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

Klinton was corrupt, no doubt about it.

But there are only two people that can do anything about that corruption right now: George Bush and John Ashcroft.

Why do you think they haven't prosecuted Clinton? Are they just stupid? Or do they know what he did, and simply aren't doing anything about it?

Under the law for us peasants, the latter is called "accessory after the fact" and "obstruction of justice".

[Trust but Verify]

It's only perceived that way by those who feel insecure in their unearned elevated status.

Nice of you to admit it. It's the first step toward recovery!

[Willie Green]

I hope you can switch it to go Constitution Party go!

That is an option that I consider to be open.
I had a favorable impression of the Constitution Party back in Y2K when Bob Smith was briefly a candidate. Of course, I wound up voting for Alan Keyes in the GOP primary and PJB in the general election. As the '04 campaign season gears up, I'm certainly willing to take a closer look at who the Constitution Party puts forth as a candidate.

[Trust but Verify]

I think they have more important things to do than to make a few people feel better by nailing the Clintons. Doing so would set a terrible precedent.

I'm confident the Clintons will have their Judgement Day.

[Mulder]

Come on, owning one share of a company that is a subsidiary of German company, and being honory chairman of that subsidiary, and only connection to the Germans was a guy who turned on the Nazis and went to the Concentration camps because of it, IS NOT BEING IN BED WITH THE NAZIS!

There is much more to this than just "owning one share".

You make it sound like he was some retired grandfather who happened to have a torn and tattered solitary stock certificate stuffed in the attic somewhere.

BTW, Joe Kennedy and other American elites were in bed with fascist regimes like the Nazis and Soviets. This is well-documented in many sources. If you like to read, I'd recommend G. Edward Griffith's "Creature from Jekyll Island". He covers many of those connections.

[Mulder]

$400,000, twice the presidential compensation, for a "consulting" (aka-front for a no show job)? Nah. Nothing suspicious. Move along.

Not only that, but women just showed up unsoliticited at his door and had sex with him for free.

I guess that happens all the time when you're as good a "businessman" as Neil Bush.

[Mulder]

I think they have more important things to do than to make a few people feel better by nailing the Clintons

So treason and other crimes aren't really that bad in and of themselves, except for the fact they make a few people feel bad?

Doing so would set a terrible precedent.

I guess so. We can't have the elites living under the same laws as we peasants do.

I'm confident the Clintons will have their Judgement Day.

So does that mean I can go break some laws, and not have to worry about the feds coming after me?

[Trust but Verify]

No, it means that the Clintons covered their tracks very well and no Administration in its right mind is going to try to nail them to the wall and make victims of them. Where would this country be today if Bush and Company had the same obsession with 'getting the Clintons' as people like you do?

[Mulder]

No, it means that the Clintons covered their tracks very well and no Administration in its right mind is going to try to nail them to the wall and make victims of them.

So? Isn't that what they boys at DOJ have the big bucks and all these new laws for?

Where would this country be today if Bush and Company had the same obsession with 'getting the Clintons' as people like you do?

I doubt the country would survive if the elites had to follow the same laws we did.

Not only that, the stock market would crash, the sun would stop rising, and the earth would stop spinning.

How silly of me to suggest that our rulers should obey the same laws as the rest of us.

[Willie Green]

Nice of you to admit it.

Yeah, that's another one of my human frailties.
I've never quite been able to grasp the notion that "hypocrisy is virtuous".
I don't know how you manage it, but it's an amazing accomplishment!

[Trust but Verify]

And if Bush had gone after them, like you want, the Clintons would be heroes and well on their way back to the WH, instead of being allowed to single-handedly destroy the Democrat party from within.

Good game plan you got there.