"Knowledge will forever govern ignorance

 and a people who mean to be their own governors

 must arm themselves with the power which knowledge gives."

Thursday, February 24, 2005

Truth Revealed – Bush Went To War To Help “Uncle Bucky”

Now we know the real reason George Bush lead the nation to a war on terror and then expaned the mission into Iraq. Forget what you’ve heard about blood for oil, Haliburton, revenge for Poppy Bush, did we say Dick Cheney’s Haliburton - all wrong. Walter F. Roche Jr., investigative reporter for the LA Times, has uncovered the real reason. Bush’s “Uncle Bucky”.

Yep, you read that correctly. President Bush cooked up the whole war thing at a family reunion in Texas. The story begins in 2000, before “W” was elected.

Step one was to have “Uncle Bucky” wrangle a spot on the board of a company that supplies armor and other material to U.S. troops. Step two was to steal the presidential election. Step three was to antagonize the Muslim world to bring about a horrendous terrorist attack on the country. Step four was to keep the war going with “whatever it takes” – on into Iraq.

With the help of Karl Rove step five was launched – the creation of a hoo-ha over the lack of armor for the troops. Once everyone, including the press, was clamoring for more armor, Bush directed the Pentagon to purchase the material from “Uncle Bucky”. Orders flew in and “Uncle Bucky” was able to cash in some stock options, netting him a cool $450,000, because of the “war-related” profits that trickled down to ESSI. Now at long last we know the truth. Time to start a Congressional investigation.

Original Article via the Newark Star-Ledger
The Iraq war helped bring record earnings to St. Louis-based defense contractor Engineered Support Systems Inc., and new financial data show that the company's war-related profits have trickled down to a familiar family name -- Bush.

William H.T. "Bucky" Bush, uncle of the president and youngest brother of former President George H.W. Bush, cashed in on ESSI stock options last month with a net value of more than $450,000.

"Uncle Bucky," as he is known to the president, is on the board of the company that supplies armor and other material to U.S. troops. The company's stock prices have soared to record heights since the run-up to invasion, benefiting in part from contracts to rapidly refit fleets of military vehicles with extra armor.

William Bush exercised options on 8,438 shares of company stock Jan. 18, according to reports filed with the U.S. Securities and Exchange Commission. He acknowledged in an interview that the transaction was worth just over $450,000.

In an earnings report issued yesterday, the company disclosed net earnings for the first quarter ending Jan. 31 reached a record $20.6 million, while quarterly revenues hit $233.5 million, up 20 percent from a year ago. As a result, the company boosted its projected annual revenues to a range of $990 million to $1 billion.

William Bush, 66, a one-time St. Louis bank executive and head of an investment firm, joined the board in 2000, eight months before his nephew won the White House.

The president's uncle said in an interview that he never used his family connections to help the company win contracts.

"I don't make any calls to the 202 area code," he said, referring to Washington, D.C. He also said he sought legal advice before accepting appointment to the ESSI board to be certain there would be no problems.

Dan Kreher, vice president of industrial relations for ESSI, said Bush was one of several people added to the board about five years ago and was selected because he had "a long history of involvement in the local business community. We've known him for a long time."

"Having a Bush doesn't hurt," said Kreher, who acknowledged that the company is routinely engaged in Washington lobbying efforts. But, he said, Democrats, including a party fund-raiser, also serve on the panel.



2 Comments:

At 10:30 AM, Blogger Sluggo said...

If the Bushes were as rich as people like to imagine, Uncle Bucky could find $450,000 in his sofa cushions.

 
At 5:10 PM, Anonymous Anonymous said...

This comment has been removed by a blog administrator.

 

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