Before I list George Bush's failures as a business man, I'd like to first point out that in most cases, Bush came out ahead of the game. the idiot did make some pretty good money as a loser. If you are a Republican, that counts as a success.
Once you look at the Bush business record, then you begin to realize why Bush was selected as the chosen puppet for the conservative group when it came time to picking their presidential nominee back in 2000. Bush is just to plain ignorant about things to ask any questions when ordered to perform for his masters.
It was once stated that Bush is the only oil man in Texas who couldn't find any oil and after reading this you will understand why. George Bush is nothing but an elite class, spoiled rotten, dumb-ass, idiot. He has the morals of Satan trying to look like a Christian and there is nothing Christian about the man, as we all know.
Now that I have said my piece, let's get down to business.
The Sources and Sprynet.com
1) Arbusto, an oil exploration company, lost money, but it got considerable investments (nearly $5 million) because even losing oil investments were useful as tax shelters.
2) Spectrum 7 Energy Corp. bought out Arbusto in 1984 and hired Mr. Bush to run the company's oil interests in Midland, Texas. The oil business collapsed as oil prices plummeted by 1986, and Spectrum 7 Energy was near failure.
3) Harken Energy acquired Mr. Bush's Spectrum 7 Energy shares, and he got Harken shares, a directorship, and a consulting arrangement in return. Harken, under Bush, brought in Saudi real estate tycoon Sheikh Abdullah Bakhsh as a board member and a major investor. Over the next few years, Harken would turn out to have links to: Saudi money, CIA-connected Filipinos, the Harvard Endowment, the emir of Bahrain, and the shadowy Bank of Credit and Commerce International.
- A 1991 internal SEC document suggested George W. Bush violated federal securities law at least 4 times in the late 1980s and early 1990s in selling Harken stock while serving as a director of Harken. This is essentially the same kind of activity that Martha Stewart is going to prison over. Except at the time of the investigation, Mr. Bush's father was president and the case was quietly dropped.
In his book, Worse Than Watergate: The Secret Presidency of George W. Bush, John W. Dean explains that his family name and his father's prominence were significant factors in George W. Bush's business "success", or, were significant factors in repeated saves from serious business and financial failures. Both Arbusto/Bush Exploration and Spectrum 7 failed with Bush as chairman and CEO. At Harken, Mr. Bush was relieved of day-to-day management responsibilities but still served on the board of directors. Dean also notes:
- George W. Bush claims his formative years, which he extends to age 40, are out of bounds. Yet those are the years when one's character and values are formed. Bush had occasionally overindulged with alcohol, and he was a bit of an irresponsible youth.
- Dean believes Mr. Bush took advantage of his insider information when he sold his Harken stock in 1990, but he escaped SEC penalties because his father was president and many of the investigating officials had Bush family ties and other conflicts of interest. Many of the facts about the Harken deal remain buried and Bush has stonewalled all efforts to find out more. ( to be continued )
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