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The life and Times of George the First
Time	After WW 2 and the 50's	The 60's and 70's	Reagan Years 1980-88	President George the Firsts 1988-92
Family	George 1 went to Andover Academy, Yale,  joined Skull and Bones, graduated in 1948, worked in Ohio as treasurer for  subsidiaries of Dresser Industries where his father was a long time board member.  41-43 George 1 left Dresser in 1951 and starts Zapatu with $50,000 from dad and  $850,000 from friends of George Herbert Walker Jr. He was principally involved with the investment side of the business.  43,125	Unsuccessful U.S. Senate run, 1970  45 Undistinguished UN ambassador, 1971-72   30 Undistinguished Republican Party chairman, 1973-74   31 Chief of US China mission 1974-75   31 Director of CIA  December 1975-76   31 Executive chairman of Dallas's First Bancshares and its London merchant banking Subsidiary 1977-78.  279	George 1 was Vice President.
Oil		Zapatu became Pennzoil  and is later tied to Watergate money.  205, 207 After the 1973 Arab-Israel War , the Arabs quadruple the price of oil and cut off deliveries to the US Another Oil crisis hits in 1970	Ken Lay of Enron fame became involved with George 1 politically and in the oil business. 155 By 1980 US produced under 20% of the worlds oil and imports 30% of its needs. 254	OPIC gave Enron a $56 million loan. George 1 named Lay to organize G-7 Economic Summit in Huston and later to the President's Economic Council.  157
Military		U.S. foreign Military arms sale cross the billion dollar mark in 1968 and really jumped after the the 1970 OPEC crisis when Washington decided arms sales would be a good way to get some of the dollars back that the Middle East oil producers.  263 Zapatu, which provided commercial supplies for the Bay of Pigs invasion, was a CIA part-time purchasing front. 204 Dresser formed Permargo, a Mexican company  with CIA ties. 204	As VP, George 1 played a key role in U.S. supplying arms to Iraq.  264	Secretary of Defense Cheney hired Dallas-based Hilliburton's Brown and Roots Services to study how private companies can provide logistics for U.S. military forces around the word. That same year, said company, now Kellogg, Brown and Root, received the first big five-year logistics government support contract. 171 Since 1994, Kellogg, Brown and Root and Virginia-based management and technology consulting Booz, Allen and Hamilton receivd 75% of the 3,000 government support contracts worth $300 billion.    172
CIA	Arthur Burr Darling, a known intelligence community agent and  George 1's history teacher at Andover, compiled a history of the CIA.  200 Democratically elected Iranian fell because of a 1953 CIA- British intelligence orchestrated coup d’etat necessitated by the nationalization of Iranian oil and closed the very profitable British owned Anglo-Iranian Oil Company. 3	1976 George 1 is director of CIA. 31  Bush promoted many covert operations practitioners, protected agents from indictment by the President Ford Justice Department, and protected former CIA Director Richard Helms who was let off with a fine and suspended sentence for lying to Congress.  280 President Carter abruptly fires 800 of 4,000 CIA covert operations, many had  been recently vulnerable to indictment.	Bill Casey, with strong  ties to the CIA,  joined Reagan as his campaign campaign manager and brings along dozens of fired covert operatives. 282 Failed attempts to rescue Iran Hostages  was run by CIA operatives who in the mid 1980's became prominent Bush operative. 285	Numerous sources clam George I and his CIA friends  delayed the Iran Hostage release until after the 1980 election.   285-290
Political	Prescott Bush from Conn. backed the sovereignty  over the submerged offshore oil deposits of Gulf states.	Prescott Bush used influence congress to stop investigating the CIA  31 Secretary of State Henry Kissinger makes it clear in 1976 that the US will go to war to prevent any strangulation of U.S. and world oil supplies, a pledge restated by the 1979 Cater Doctrine. 254 Ronald Reagan reluctantly chooses George  as running mate. 32	249 Team 100 members group each donated $100,000 or more to have access to George 1. Sun Belt Presidents, stretching from California through Texas to Florida. Nixon and Reagan were from California, the George 1&2 from Texas. George 3 lives in Florida3 112	Energy act of 1992 deregulated electricity and requires utilities carry privately marketed electricity like Enron's. 157 Commodities Future Trading Commission( CFTC), chaired by chaired by Wendy Gramm, wife of Texas Republican Senator Phil, grants Enron's request to exclude energy contract and interest rate swaps from CFTC oversight inn on January 14, 1993. 158 Ken Lay is named cochairman of the Bush I reelection committee and chairman of Republican National Convention. 157-158
Personal	George 1displayed preppie, adolescent personality (30,31), and a striking ability to remember names.  44 George I lived in upscale side of Midland, Texas, kind of a southern Cambridge where many Ivy League graduates lived.  42	George 1worked for the CIA in 1960 or 1961 according to The Nation magazine 205 George 1 announced he was running for president in 1978. People were taken aback and asked President of what ?  32	George 1 made the big leap from CIA director to VP and a Dynasty bringing a new and unfamiliar mind-set to the elective executive office had begun. 207	Wendy Gramm resigned a week after CFTC ruling and a month later was named to Enron's board of directors. She received an estimated $912,000 to  $1,853,000 compensation package between 1993 and 2001.  158 Dick Chaney took over Halliburton in  1995 and the company's political contributions, lobbying outlays, government contracts, Export-Import Bank loans mounted almost as fast as as Huston based Enron.  During Cheney's five-year reign, federal contacts were  $2.3 billionp compared to $1.2 billion for the previous five years. 172
Time	After WW 2	The 70's	Reagan Years	President George 1
3 Added by Walter

 

 

The Revival of George II
Time	The 70's	The 80's	The 1990's	2000 -
Family	George 2 worked in father's unsuccessful senate bid in 1970-73, traveled for a business run by former Skull and Bonesman Richard Gow, helped in losing effort for a Alabama U.S. Senate seat, and worked for  Professionals United for Leadership League, which his dad chaired. Graduated Harvard Business School in 1975 and moved to Midland, Texas, soon to be America's richest town.  45	George 1 was Vice President and then  President of the United States	George 2 was Governor of Texas Bush 3 became Governor of Florida3	George 2 became President of the United States
Oil/ Energy	1977- Starts Arbusto, Spanish for Bush, but got married and didn't drill till 1979. Didn't go well despite   $565,000 from Uncle Jonathan's investors.  46	Dad election win made money plentiful, but another 4.7 million from family and friends didn't help.  Arbusto referred to as Ar-Bust-o by investor took nominal losses of  $3 million and George 2 is still on salary. 46 1986- Harken Energy of Texas bought Arbusto and George 2 receives $500,000 in stock, a Harken directorship, and two years of consulting at $80,000 and $120,000. 47	Over a Decade government agencies gave Enron $7.2 billion in financing. 160 Enron President Kinder served on committee that recommended Bush 3 ease taxes by $3 billion dollars for capital intensive industries was accepted but the law failed and the burden was not passed to services and professionals. 160 California opened it energy markets and 24 states follow by end of 2000. 161	2001 VP Chaney's energy task force predicted a 12% decline in U.S. oil production by 2020 compelling the U.S. to import two-thirds of its needs.  255 Enron had sales $31 billion in 1998 and 139 billion in 2001.  164 California faced serious blackouts as prices spike to 50 times normal. 167 Enron executive began quietly unloading Enron stock which hit a high of 80 right after the George I' inaugural and was 50 by June. Stock fell to 20 in October as administration efforts like refusing to cap energy prices in California and pressure on India to pay Enron failed. 168 Enron declared bankruptcy in late 2001. 169
Military	An Islamic Dodge City has been created in the Middle East by arms selling nations mostly from the West3. 265  1984-88 arms sales, swollen by the Iraqi-Iranian war, to Middle Eastern countries accounted for 48% of the third world total. 264   A Christian- Muslim civil war gutted Beirut killed forty-sixty thousand people, more than the four Arab-Israeli wars combined.  265  $42 billion in arms sales from 1990-97 were made to the Gulf Cooperation Council countries of  Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and United Arab Emirates. 265  Why aren't they helping US fight? 3 War in Afghanistan killed 1.5 million people and caused another 5 million to flee as refugees to India and Pakistan.
Life in the Middle East	Corruption increased because of oil money, covert operations, and commissions from arms deals. Ballooning Drug Business for Afghanistan and Pakistan developed. Rise of Islamic Fundamentalism occured. Success of Islamic Revolution caused the overthrow of the shah of Iran, ascent of the  Taliban in Afghanistan, and Saudi support for Al Qaeda. Pakistan Frontier Religious Party was successful.  Islamic Victories occurred in Nearby Turkey  266
Politics	George II does well but loses bid for U.S. House of Representatives in 1978 45-46	Harken Energy had links to Saudi money, CIA connected  Filipinos, the Harvard Endowments, the emir of Bahrain, and the shadowy Bank of Credit and Commerce International. 47	Enron's President and CO Richard Kinder became George 2's chief Huston fund raiser.  159 Enron has $5.3 million in federal campaign contributions, 40% more then second place.  161	In December of 2000, Senator Gramm spearheaded a successful effort for a new round of energy futures deregulation.  165
Yale	George II graduating from Andover Academy went to Yale, graduated and was in  Skull and Bones. 44
Personal	George 2 looked and acted like George 1, and like his father, played baseball at Yale (though not as well),  bent the rules to become a fighter pilot (though his service record is  questioned), and generally  followed in his father's footsteps. Both mix up sentences, kind of a verbal dyslexia. Dyslexia has  runs in the family.  43-44.	With Harken money and little to do other than attend meeting, George II decides to help dad run for president. George II gave up Wild Turkey bourbon and became born again sometime around 1986, right after his 40th birthday and the year oil went below $9 a barrel.  48

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