just yesterday i read an anticle on how bush is not pulling the troops out of iraq during his final term. i though the bastard refuses to admit he made a mistake. but i was wrong. bush doesnt consider it a mistake in that the invasion and war is a big failure. bush considers it a success in that there is still lots of money to be made for his family, friends, and cronies as this article suggests.
so remember the iraq war is not about bring freedom and democracy to iraq - its about bringing war profits to bush and his friends, and from that point of view its a great success
Bush's uncle benefits from Iraq war spending
Walter F. Roche Jr. Los Angeles Times Mar. 23, 2006 12:00 AM
WASHINGTON - As President Bush embarks on a new effort to shore up public support for the war in Iraq, an uncle of the chief executive is receiving $2.7 million in cash and stock from the sale of a company that profited from the war.
A report filed with the U.S. Securities and Exchange Commission shows that William H.T. Bush collected a little less than $1.9 million in cash plus stock valued at more than $800,000 as a result of the sale of Engineered Support Systems Inc. to DRS Technologies of New Jersey.
The $1.7 billion deal closed Jan. 31. Both businesses have extensive military contracts.
The elder Bush was a director of Engineered Support Systems. Recent SEC filings show he was paid cash and DRS stock in exchange for shares and options he obtained as a director.
William Bush, 67, SEC filings show, exercised options on 8,348 shares of Engineered Support Systems stock Jan. 18, 2005, about two months after the stop order was issued. He collected about $450,000 in cash.
Bush, known in the president's family as "Uncle Bucky," joined the company's board in 2000, several months before his nephew became president.
The Bush uncle heads a St. Louis investment firm and is a younger brother of former President Bush.
William declined to comment Wednesday. However, in an interview last year, he said he played no role in Engineered Support Systems' getting federal contracts.
"I don't make any calls to the 202 (Washington, D.C.) area code," he said.