Presidential Power Summaries
Bush Family Business
End of 19th
Bush 1's grandfather
|Became well-off running Buckeye Steel 1908-1927. Took over for Frank Rockefeller p 21
|Did not profit from military spending after the war.
Bush 1's father
|First job was in St. Louis for fellow Yale Skull and Bones alumnus Wallace Simmons. Returned to Ohio, married Dorothy Walker, G.H. Walkers daughter, and managed a small rubber company. He eventually ended up in New York working for U.S. Rubber, a Harriman company. Two years later, at 31, he was made Vice President of W. A. Harriman Company.
Prescott's father-in - law
Became wealthy owning G. H...Walker and Co, an investment company,
did work for E. H. Harriman, owner of Union Pacific and did work
for J.P. Morgan pp 21-22
|Ran recently formed W. A. Harriman Company set up by Rockefeller-headed National City Bank and Morgan connected Guaranty Trust p 23
Herbert Walker Jr.
1906- George 1's favorite uncle. 202
|Walker Jr. was director of Cuban-Dominican sugar companies which merged with West Indies Sugar in 1942. 203
|Kennebunkport home built by Walkers in 1904 p 23
|Both Walker SR and P. Bush develop a father son relationship though some feel the Walkers financially dominated the Bush family. pp 24-25
clandestine oil exploration operation discovered in what is now Iraq.
Berlin to Baghdad railroad completed.
End of Hapsburg
caused European nations to seek control of Mid-East Oil. Russia lost her share of the Middle East
pie because of revolution. pp 250-251
Walker SR served as director of Petroleum Bond and Share, was involved in with Harriman's 1922 Russian oil investment company which was the major developer on Baku oil field. Baku was close to modern-day Iraq so this is the time the Bush family pursuit of the region's oil began. p 251
Harriman purchased Dresser Manufacturing, an oil service company which later became Dresser Industries. Harriman's managing partner Prescott Bush rigorously supervised Yale classmate Neil Mallon, installed as Dresser's president. p 152
Walker SR owned and sold Missouri based Laclede Gas Company.
A Book entitled Merchants of Death published in 1934 blamed munitions makers for WWI. A senate special committee went after FDR's political enemies like the Du Pont's munitions empire. FDR chilled when the committee began looking to embarrass government officials. p 260
Harriman and Co. merged with and became Brown Brothers Harriman (BBH).
A. Harriman, G. Walker, Clarence Dillon John Foster Dulles, and Alan Dulles were very involved with $2 billion controversial investments made to German and Russian industries. They held these investments well into WW2. pp 37, 186, 192
|Alas for Berlin, the Turco-German "holy war" to stir a 1914-15 Muslim revolution in the Russian Caucasus against British authority in Persia and India accomplished little.
Harriman, keeping his financial stake in BBH and became FDR's emissary to
Churchill and Lend-Lease administrators.
Hitler became chancellor, insures an oil supply from Romania, and began a hugely successful synthetic fuels program
|Samuel Bush, an Ohio Democrat, served in and became director of the War Industrial Board (WIB) in Washington. p 182
|While S. Bush and G. H. Walker profited from WWI, neither was mentioned in the popular literature in the so-called Merchant of Death hearings begun in 1934. p 179
|Prescott Bush served in military intelligence as liaising to Britain. It was run by two Yale Anglophiles. p198
|Skull and Bones club was one of the principal recruiting sources for the Office of Coordination which eventually became the CIA. p 202
|Skull and Bones Fraternity members include Samuel and Prescott Bush and George Herbert Walker Jr. 27
|Averill Harriman, E. Rollins Harriman, R. Lovett, A. Gates and others at Brown Brothers Harriman were Skull and Bones alum. p 35
|Prescott Bush, was elected to the U.S. Senate from Conn. in 1952, had an 10-year undistinguished career though he did serve on the Armed Services Committee and golfed frequently with President Eisenhower and national security advisor Gordon Grey. p28, p196
Jr. gave up directorship of West Indies
Sugar as Fidel Castro was about to nationalize
West Indies Sugar value dropped from about $53 million to almost nothing. Walker-Bush holding were not known. p205
!942 Germany's drives were stopped 150 miles from Cairo and 300 miles from
Soviet Baku oil fields. p 189
1943 FDR declared defense of Saudi Arabia as vital to defense of the United States. p 152
Japan got 80% of her oil from US and 10% from the Dutch East Indies. Seizing the most plausible substitute oil from Indochina, Borneo, the Dutch East Indies would have resulted in war with the United States. p 252
Dresser provided government with a number of highly specialized and highly classified products. p153
US in 1940-45 produced about 65% of a doubled end of war world oil output. p 254
Geologists discovered Middle East capacity far surpasses that of the US. p 254
|Dresser stepped up the globalization of its oil business. 254
The Neutrality Acts of 1935, p36, 37 stopped American business from
profiting from the European arms buildup. p186
Investigations under the 1941 Trading with the Enemy Act resulted in assets being seized, some belonged to Harriman and Walker companies. p 38
FDR declared Saudi Arabia vital to the interest of the United States. p 152
|The political careers of Averill Harriman, John Foster Dulles, Prescott Bush and his descendants were not affected by financial activities during WW2. p 39
|Brown Brothers Harriman alumnus R. Lovett was assistant secretary of War and A. Gates was assistant secretary of navy for air. 34
|1952 Allan Dulles was director of the CIA.
|Allen Dulles was forced out of the CIA by the 1961 Bay of Pigs invasion and later had dinner with his soon to be named replacement John MaCone and Prescott Bush 197
|Secretary of War Stimson was Yale Skull and Bones. p 38
1. This is page source from the 2004 paperback.
2 Table, column and row titles and name abbreviations are by Walter Antoniotti
3. Walter's addition
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|After WW 2 and the 50's
|The 60's and 70's
|Reagan Years 1980-88
|President George the Firsts
went to Andover Academy, Yale, joined Skull and Bones, graduated in
worked in Ohio as treasurer for subsidiaries of Dresser Industries
where his father was a long time board member. 41-43
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
George 1 left Dresser in 1951 and started
Zapata 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
Zapata Offshore is formed, operates close to Cuba, and some feel it was CIA supported.
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 1979
of Enron fame became involved with George 1 politically and in the oil
By 1980 US produced under 20% of the worlds oil and imports 30% of its needs. 254
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
In 1969, Zapata bought the United
use politics to enhance its Caribbean and Central America business operations. It had a very aggressive business Reputation in places like Guatemala.
Military arms sale cross the billion dollar mark in 1968 and really
jumped after 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
Zapata, 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
Defense Cheney hired Dallas-based Halliburton'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 received 75% of the 3,000 government support contracts worth $300 billion. 172
Darling, a known intelligence community agent and George 1's
history teacher at Andover, compiled a history of the CIA. 200
Democratically elected Prime Minister deposed because of a 1953 CIA- British intelligence orchestrated coup d'état 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.
with strong ties to the CIA, joined Reagan as his campaign
manager and brings along dozens of fired covert operatives. 282
A Failed attempts to rescue Iran Hostages was run by CIA operatives who in the mid 1980's became prominent Bush operatives. 285
|Numerous sources clam George I and his CIA friends delayed the Iran Hostage release until after the 1980 election. 285-290
Prescott Bush from Conn. backed the sovereignty over the
submerged offshore oil deposits claimed by Gulf states.
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
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 as was done by Enron. 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
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 1 worked for the CIA
in 1960 or 1961 according to The Nation
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
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 increased almost as fast as those of Huston based Enron. During Cheney's five-year reign, federal contacts were $2.3 billion compared to $1.2 billion for the previous five years. 172
|After WW 2
|President George 1
|3 Added by Walter
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
Bush 3 became Governor of Florida3
|George 2 became President of the United States
|1977- Starts Arbusto Energy, Spanish for Bush, got married and didn't drill till 1979. Didn't go well despite $565,000 from Uncle Jonathan's investors. 46
win made money plentiful, but another 4.7 million from family and
friends didn't help. Arbusto referred to as Ar-Bust-o by investors
took nominal losses of $3 million with George 2 ion
1986 Harken Energy of Texas bought Arbusto and George 2 receives $500,000 in stock, a Harken directorship, and consecutive annual consulting salaries of $80,000 and $120,000. 47
Decade government agencies gave Enron $7.2 billion in financing. 160
Enron President Kinder served on a committee that recommended Governor Bush ease taxes by $3 billion dollars on the capital intensive industries was accepted but the law failed. The tax burden was not passed to services and professionals. 160
California opened it energy markets and 24 states follow by end of 2000. 161
Chaney's energy task force predicted a 12% decline in U.S. oil production by
2020 which would compel 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 $80 per share right after the Bush II's 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
The Enron scandal resulted in a late 2001 bankruptcy declaration. 169
|George II does well but loses a 1978 bid for U.S. House of Representatives. 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
President and CO Richard Kinder became George 2's chief Huston fund
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
|George II graduating from Andover Academy went to Yale, joined Skull and Bones and graduated.. 44
|George 2 looked and acted like George 1. Like his father he 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 having kind of a verbal dyslexia which may run 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
|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. It killed forty-sixty thousand people which was 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 the 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 occurred after the U.S. and Britain foster a cope to the democratically elected government and put the Shaw of Iran in charge. 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 Much of this happened because Secretary of Defense Donald Rumsfeld failed to follow the long believed military practices when managing an occupied country. See The War On Terror: Who Are We Fighting.
Silverado S&L made him a director in 1985 after Neil conjoined them
with his 1983 startup JN
During Jeb's tenure, Silverado loaned over $200 million dollars to Neil's partners in JNB, most of which was defaulted upon. Neil, who did not tell Silverado about his close business dealings with the partners. Jeb received $100,000 loan from one partner with no obligation for repayment . Another partner's bank gave JNB a $1.5 million line of credit from which JNB paid the then vice president's son $550,000 between 1983 and 1988. 131
Set Apex Energy with a $3, 000 investment plus a $2.3 million dollar loan from the SBA. It went belly- up with few assets to pay back SBA. 133
Forget Bush 43
|Neil, acting as an oil lobbyist, tags along with his father on a trip to Kuwait.139
|In 2002, now a educational software entrepreneur, made his forth trip to the Middle East since his brother won the presidency. He met with the Saudi royal family and software firms in Dubai 309
Jeb arrived in Miami in 1980 and was soon involved with GOP politics, Cuban immigrants, and real estate.
Business contacts were well-heeled Nicaraguan contras
or CIA-connected Cubans. 130
Some feel Jeb received at least $300,000 for presidential influence in relation to a $74 million U.S. Export Import loan to a business partner. 132
Two principal business partners were indicted in the late 1980's, one pleaded guilty and the other fled to Venezuela. 134
|Editors Note: The former governor of Florida, 1999 - 2007 is considered by many, a Republican favorite for the presidential election of 2012.
|Jeb Bush was not indicted for his the Silverado money maker, and there were no criminal charges against him. However a civil action was brought against him and the other Silverado directors by the Federal Deposit Insurance Corporation; it was eventually settled out of court. Bush was fined $50,000 as a consequence of his actions and he was restricted from undertaking future banking activity 3. Wikipedia
documentation prepared in 1991 suggested George II had violated federal
security law at least four times in late 80's and early 90's. 134
Harken lawyers advised George II of the insider trading violations a week before the his mid 90's sale of $848,000 of their stock. 134
|In 2002, Bush signed a consulting contract
that paid $2 million dollars in stock over five years to work for
Semiconductor Manufacturing Corp., a firm backed by
Mianheng, the son of former Chinese President
Zemin, plus $10,000 for every board meeting he attends.
Bush frequently travels to the Middle East, Europe and Asia to negotiate deals and raise capital for various businesses. According to court filings from his divorce, in 2000 he was paid $1.3 million for such work. This includes $642,500 as a commission for introducing an Asian investor to the owners of an American high-tech company.