Thursday, February 24, 2005

Thank You Nephew

I am against government by crony.
Harold L. Ickes (1874 - 1952), lawyer and government official

When a defense company stock soars another George W. Bush relative or friend prospers. This time it’s William H.T. "Bucky" Bush, uncle of the president and youngest brother of former President George H.W. Bush, cashed in ESSI stock options last month with a net value of nearly half a million dollars.

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

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

Apparently, there is no end to the cronyism that this administration fosters.


Hector Vex said...

So what you're saying is that Bush forced a war so his family could prosper off of it?

Wow. I didn't have you figured for a conspiracy theory liberal.. but you learn new things every day... ;-)

The Misanthrope said...

There is no conspiracy just blatant cronyism, the company used the Bush connection and the Bush connection once again paid handsomely. Let's see, Kenny Boy, will eventually receive a pardon, if he even gets convicted, Cheney continues to reap benefits from Halliburton, Bush's lawyer who promotes torture gets a promotion, all the corporate chieftains who donated are being rewarded with laws that benefit their empires, such as making more difficult for consumers to win class-action lawsuits against private companies; Chapter 7 bankruptcy relief, which is offered to individuals who can't pay their debts is just about gone. It simply goes on and on.