Where did the President and his Grandparents get their money?

Vanity | 9/20/03 | Vainty

[Theyknow]

My neighbor put some crap in my child’s mind which I need to correct. Any suggestions as to where to start?

[JesseHousman]

Any suggestions as to where to start?

Yes.

First, keep the child away from the neighbor as he/she might have a perversion.

Tell your child that the Bushes obtained their wealth from a different source than Lyndon Bird and Lady Bird did. Those Birds stole their loot and probably planned the Kennedy assassination.

Jimmie and Rozalind Carter never had much money until he retired in disgrace from the presidency.

The Presidents Clinton salted away a mint in numbered offshore accounts while Billy Goat earned about 18,000 per year as governor of Arkancide. They are now, however, on a path that will make them richer than Midas (and I don't mean the muffler king.)

[deport]

George Bush had $606,000 put up in the original purchase price of $46 million. He received an additional 10% share conditioned upon when the original investors recouped their investment plus interest. His distribution of the proceeds at the sale of the Rangers was about $15 million.

Now where were there any illegal actions taken in the Ranger deal? If so then you've blamed everyone from the Attorney General, State Legislature, City of Arlington officials, County Officials, Federal DOJ and most likely others as being complicit in an illegal activity, whatever it is.

[inPhase]

hmm, I see he is well known for being unknown.

www.paulsilhan.com/pres1.htm
Chester A. Arthur
... Perhaps the most unknown of the unknown, President Chester Arthur came from relative
obscurity, became President by way of a heinous event, accomplished little ...

Description: Biographical sketch asks readers not to forget this President.

http://www.infoplease.com/ce6/people/A0804877.html
Arthur, Chester Alan

Arthur, Chester Alan, 1829–86, 21st President of the United States (1881–85), b. Fairfield, Vt. He studied law and before the Civil War practiced in New York City. In the war he was (1861–63) quartermaster general of New York State. In 1871, President Grant appointed him collector of the port of New York. Although Arthur was a loyal party man and a believer in the spoils system, he administered this office honestly and efficiently. President Hayes, bent on civil service reform, displaced Arthur in 1878, thus defying Senator Conkling and the New York Republican machine. At the Republican national convention of 1880, Garfield was nominated for President, and the Conkling “Stalwarts,” who had supported Grant, were placated by the nomination of Arthur for Vice President. Garfield's assassination soon after his inauguration made Arthur President. He came into office handicapped by a record in machine politics and grave doubt as to his ability and integrity, but his administration proved honest, efficient, and dignified. He effectively supported the civil service reform act of 1883, vetoed a Chinese exclusion bill that violated a treaty with China, and vigorously prosecuted the Star Route trials, in which several prominent Republicans were found guilty of swindling the Post Office Department. Serious illness kept Arthur from actively seeking renomination in 1884.

[RLK]

George Bush had $606,000 put up in the original purchase price of $46 million.

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The $606,000 was also a gift. From an earlier topic here:

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Carlyle Group, the powerful investment house with close links to the Bush family, is facing acute embarrassment after the emergence of sardonic remarks the company founder made about the president.

In a talk to investors, David Rubenstein said George W Bush did little but tell dirty jokes while on the board of a company owned by Carlyle, and that he wouldn't have appeared in the top 25m people he would have suggested for president of the US.

Carlyle employs the first President Bush and a host of other luminaries including John Major and former US defence secretary Frank Carlucci. It has been the target of conspiracy theorists for its high-level political connections and its work as a defence contractor.

Mr Rubenstein said Mr Bush was hired to be a non-executive director of Caterair, the world's largest airline food business that Wall Street dubbed Craterair, in the early 1990s.

"Somebody came to me and said: 'Look there is a guy who would like to be on the board. He's kind of down on his luck a bit. Needs a job… could you put him on the board? Pay him a salary and he'll be a good board member and be a loyal vote for the management and so forth,'" he said in a speech to a Los Angeles pension fund. Of Mr Bush's performance, he added: "He … came to all the meetings. Told a lot of jokes. Not that many clean ones. And after a while I said to him, after about three years: 'You know, I'm not sure this is really for you… because I don't think you're adding that much value. You don't know that much about the company.'"

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This was at least the second board of directors of large corporations Bush was installed in on the same basis. George Jr. showed little talent and no initiative. Daddy buddies and the self-protective social stratum kept feeding him lucrative jobs and money until they finally found him something so certain and easy that he couldn't fail with it. ...down on his luck. One of these feeds provided him the $606,000 through stock options.

Had I been Bush, I would have been embarrassed to show my face in public. Was it legal> Yes. But there's more to a life of substance than legality. This is one among numerous reasons I have absolutely no use for the Bush.

George Bush is still being supported by people making excuses for him here which would never be acceptable if he weren't George Bush. He exists on a type of charity and always has. He's a hot house plant and it shows. Talking about his ever been in successful business is a joke.

[Ready4Freddy]

"George Bush had $606,000 put up in the original purchase price of $46 million."

You meant $86 mil, of course. I should have said 'essentially no $$$', since his contro was far less than 1% of the purchase price. But it was big buckskis to him - he had to borrow it from a bank in Midland. It's certainly not uncommon in LPs for the GP to have a disproportionate share of earnings, but getting an extra 10% for what was essentially a foregone conclusion is an unusually mighty fine deal.

I never suggested that any of the deals were illegal, deport, nor do I think you're suggesting that anything not illegal is OK.

- Illegal? Probably not. Even the fact that ~$1 mil of Dubya's share came from refusing to pay the court-ordered settlement for land condemnations isn't illegal.
- Approved by voters? Yes, but by a decidedly uninformed electorate. None of the glossy brochures or ads ever mentioned that the City was going to give TBA, including the land, to the owners after 12 years.
- SOP? Sure, unfortunately. These kinds of deals are common, as are Arlinton mayors who become rich after dealing w/ the Rangers.
- Smarmy? Guess it depends on what side of the 'give a coupla million dollars and public land to RWG as corporate welfare' fence you fall on.

[StolarStorm]

Zapata is well known in the oil business as being a front for the CIA.

[KC Burke]

Fear of family wealth and heriditary aristocracy go hand-in-hand. That is why Howard Dean is keeping his aristocratic family history and wealthy patriarchs so little mentioned. His silver spoon background makes Bush seem like the poor cousin.

His medical residency, aportion of which was served with Planned Parenthood, is also being kept very low key...he supposedly doesn't want to discuss that as well. He may actually be our first abortionist major party cadidate. Senator Heinz, a Republican, left much of his wealth to his wife who married another of the Democrat front runners. Politics as a vocation is a money game. Always has been and always will be.

[saradippity]

If you are honest and open,I think the new book containing Reagan's hand written letters is going to force you to add another President to your list.

[x1stcav]

Stands to reason since GHWB was director.

[weegee]

Ask your child and neighbor which "evil" baseball team that President Bush owned. This may seem like a simple question, but this writer for the Nation and his editor did not know!:

Enron, Bush and the Houston Astros?

Originally published on January 17, 2002, the article began,

When George W. Bush co-owned the Houston Astros and construction began on a new stadium, Kenneth Lay agreed to spend $100 million over thirty years for rights to name the park after Enron.

For the record, George W. Bush owned the Texas Rangers, not the Houston Astros. Guess what political party was gung ho behind Houston's new stadium and which party opposed its construction (keep the Astrodome). Ohhhh that Ken Lay, he's gotta be Bush's boy.

[weegee]

As I understand, they got rid of most of it before the company tanked, and got somewhere between $5m-$10m.

Terry McAullife, King Rat of the DNC, got $18million on a $100,000 in a company that tanked. The DUped never seem to be concerned about this.

[weegee]

Houston raised the taxes on car rental fees and hotel occupancies to pay for the new stadiums. We now are at the top taxing for these services in the country.

And lest you think that this only hits visitors, this affected everyone in Houston who had to rent a car (and every car was rented) after Allison flooded Houston in 2001.

Ken Lay was a mover and shaker on getting the downtown stadium built and it was the downtown Democrat cronies who lined their pockets with the downtown redevelopment.

Every city is rebuilding their parks at the insistance of Major League Baseball.

There is a whole lot of corruption going on in the civic subsidizing of private enterprise. There is more to gripe about than George W. Bush's involvement in the Texas Rangers. As others have said, there is little that he did that is different than other owners would have done, nothing illegal about it, and some cities have soaked the public for far more.

[Ready4Freddy]

McAullife exercised his options and sold well before Enron stock peaked, about ~1.5 years before the comapny tanked. The Enron mgmnt didn't start selling till somewhat later. GHWB (who was given a choice of fee or options, and took the options) sold somewhere in the middle.

[wardaddy]

They hit offshore too did they not?....as Zapata.

The grandpa was with Brown Brothers Harriman wasn't he?


I believe Mama Bush came from money as well, but I forget how.

Anyhow...they seem like decent moneyed folks to me and most of their many offspring are achievers and sure lack the scandalous behavior of America's other political/money dynasty that was dirty from the getgo from Honey Fitz and Papa Joe and onwards.

[weegee]

Enron is not Global Crossing. Terry McAuliffe made $18million from $100k on Global Crossing.

[Ready4Freddy]

Typo, sorry.

[x1stcav]

I think you're right about hitting offshore but I think this was after GHWB got out in the early-mid 60's.

I agree with you completely about the comparisons to the Boston mob. In comparison, the Bushes are real patricians. Maybe with the exception of Neal.

But, then again, I'm not certain that his supposed sins regarding the Silverado thing were that big a deal.

[Ready4Freddy]

GHW Bush made ~$14 mil on $80k, but he got his GX shares 1.5 years later than McAuliffe did, and sold later.

[lonestar]

I had known the difference between father and son for over 30 years.

I don't assume I know more than other people.