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Invisiblesudly
Darwin's stagger

Registered: 01/05/15
Posts: 10,789
Re: What actual evidence is there that George Bush and the Bush family profited from the war in Iraq/Afghanistan and if so, H... [Re: Shroomers420]
    #28632339 - 01/23/24 04:54 PM (4 days, 4 hours ago)

You just have to look in the right context, because bribery is legalised through donations from superpacs to campaigns, but not directly to individuals. Although donating to an individual's campaign is effectively giving them the money.

Quote:


Contractors were major Bush donorsNew report shows such companies hold many political links.

BY LARRY MARGASAK ASSOCIATED PRESS WRITER

WASHINGTON - Companies awarded $8 billion in contracts to rebuild Iraq and Afghanistan have been major campaign donors to President Bush, and their executives have had important political and military connections, according to a study released Thursday.

The study of more than 70 U.S. companies and individual contractors turned up greater than $500,000 in donations to the president's 2000 campaign, more than they gave collectively to any other politician over the past dozen years.

https://www.ocala.com/story/news/2003/10/31/contractors-were-major-bush-donors/31283368007/




The campaign donations through lobbying are what politicians like Bush gained financially. The lobbyists then gain for their cause through contracts etc that might not have been as likely to go through without their 'generous' donations.

Quote:

Top Defense Firms Spend $1B On Lobbying During Afghan War, See $2T Return

Everyone except the military industrial complex lost the 'war on terror.'

https://responsiblestatecraft.org/2021/09/02/top-defense-firms-see-2t-return-on-1b-investment-in-afghan-war/




--------------------
I am whatever Darwin needs me to be.



Edited by sudly (01/23/24 05:04 PM)


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Invisiblesudly
Darwin's stagger

Registered: 01/05/15
Posts: 10,789
Re: What actual evidence is there that George Bush and the Bush family profited from the war in Iraq/Afghanistan and if so, H... [Re: Shroomers420]
    #28632345 - 01/23/24 05:03 PM (4 days, 4 hours ago)

And then there's more in regard to contracts and the Bush families involvement. And as we know the Pentagon has failed every audit since they were made mandatory in 2018, with hundreds of billions of unaccounted for funds. It's no stretch to assume there were also unnacounted for funds when Bush was in office. Money didn't start going missing as soon as an audit was required.

Quote:

ALL IN THE FAMILY—As the Washington Spectator previously reported, financial ties connecting the First Family to the “war on terror” have been numerous and pervasive. Former president George H.W. Bush served until fall 2003 on the board of defense giant the Carlyle Group, now broken up, which won billions of U.S. tax dollars in military and security contracts. A limited liability company in D.C. called New Bridge Strategies, established to generate business in Iraq, put Neil M. Bush, a younger brother of the president, under contract at $60,000 per year. An obscure, short-lived company named Nour USA, based in Virginia and connected to Marvin P. Bush, youngest brother of the president, received a controversial $327 million contract from the U.S. Coalition Provisional Authority in Iraq. The broad-ranging contract for a raft of products from a new company raised so many questions that it was canceled. However, a new private company called Anham Joint Venture replaced Nour and comprises most of the same members. Members of joint ventures, unlike those of corporations, are not required under Virginia law to be listed in the public record. The revised company also has received Iraq contracts.

A TALE OF CONTRACTS AND CONNECTIONS—In St. Louis, Missouri, Engineered Support Systems (ESSI), where an uncle of the president, William H.T. Bush, joined the board of directors in election year 2000, illustrates the nexus between White House policy and companies that benefit from it. ESSI, now merged with another major contractor, advertises itself as offering “advanced sustainment solutions, including the design, manufacture and supply of integrated military electronics, support equipment and technical and logistics services for all branches of America’s armed forces and certain foreign militaries, homeland security forces and selected government and intelligence agencies.”

After experiencing a jump in sales from $365 million in 2001 to $1 billion in 2005 under the Bush administration, largely from government contracts, ESSI was sold in January 2006 to DRS Technologies of New Jersey. The Los Angeles Times reported that William Bush, the uncle, reaped $2.7 million from the sale. Bush, who told the Times that he never makes telephone calls to the “202 [Washington, D.C.] area code,” received about $1.9 million in cash and $800,000 worth of stock in the merged company, which continues to acquire sizable military contracts.
DRS spokesperson Patricia Williamson said in response to e-mailed questions to her about the president’s uncle that William Bush’s presence on the ESSI board was “absolutely not” a factor in the acquisition of the company.

According to DRS, Bear Stearns, the brokerage company “served as financial advisor to DRS on the transaction. Merrill Lynch & Co., Inc. also served as financial advisor to DRS for the purpose of rendering a fairness opinion. Lehman Brothers Inc. served as financial advisor to ESSI on the transaction.”

All three companies—Bear Stearns, Merrill Lynch, and Lehman Brothers—are linked to the Bush team personally and financially. Among other connections, the president’s brother Marvin P. Bush once worked at the brokerage then called Shearson Lehman; Merrill Lynch incorporated the former G.H. Walker firm, founded by the president’s grandfather George Herbert Walker; and Bear Stearns chairman and CEO James Cayne was a Bush “Pioneer,” raising over $100,000 for the 2004 Bush campaign. According to Texans for Public Justice, a public-interest group, “Bear Stearns’s threats to move to New Jersey in the 1990s netted $105 million in tax breaks and other corporate welfare from New York City. In 1997 Mayor Rudolph Giuliani’s administration awarded $75 million of this welfare to Bear, which in 2003 hired Giuliani to launch a new investment fund of companies that sell anti-terrorism products.” Hiring these firms to monitor a merger of defense contractors would seem to resemble hiring an escort service to chaperone a fraternity party

https://washingtonspectator.org/bush-relatives-keep-cashing-in-with-military-contracts/




Quote:

Pentagon Can't Account for $220 Billion of Gear Given to Contractors

https://reason.com/2023/01/18/pentagon-cant-account-for-220-billion-of-gear-given-to-contractors/




--------------------
I am whatever Darwin needs me to be.



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