LYCOS RETRIEVER
George W. Bush: White House
built 234 days ago
George W. Bush commutes Scooter Libby's 30-month jail sentence for lying under oath and obstruction of justice in the Plame Case. This proves that he not only runs the White House like a mafia but, if he could, he would whack all of Congress and run a totalitarian government.
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| When George W. Bush met Muhammad Ali at the White House last week, the Champ had one last rope-a-dope up his sleeve. You don't have to guess who won this match.
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In House of Bush, House of Saud, Craig Unger notes that at the time of Bush's sale, Harken Energy "was expected to run out of money in just three days" (p. 123). In a last-ditch attempt to save the company, Harken was advised by the endowment fund of Harvard University to spin-off two of its lower-performing divisions–"According to a Harken memo, if the plan did not go through, the company had 'no other source of immediate financing.'" Bush had already taken out a $500,000 loan and sought Harken's general counsel for advice. the insider should be advised not to sell." This memo was turned over by Bush's attorney the day after the SEC ruled that it would not charge Bush with insider trading. On June 22, Bush sold his 212,140 shares of stock anyway for a net profit of $848,560.
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In the midst of his business ventures, Bush joined the 1978 race for the U.S. House of Representatives. After a tough victory in the primaries, Bush ran in the general election against Democratic State Senator Kent Hance. He displayed prodigious fundraising capabilities, setting a new Texas record for a House candidate. In the end... he lost to Hance by six percentage points.
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After graduating from college, Bush worked in his family's oil businesses. In 1978, he made an unsuccessful run for the U.S. House of Representatives. He later co-owned the Texas Rangers baseball team before returning to politics in a campaign for Governor of Texas. He defeated Ann Richards and was elected Governor of Texas in 1994. Bush was elected to the Presidency in 2000 as the Republican candidate in a close and controversial contest, in which he lost the nationwide popular vote, but won the electoral vote.
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In 1978, George made a halfhearted stab at politics when he ran for an open Congressional seat. Maybe he didn't know what else to do, other than try to follow in daddy's footsteps. But Bush's heart wasn't really in it. Ultimately, it just didn't matter to him whether he would represent West Texas in the House of Representatives. And although he liked campaigning and showed an aptitude for it, his Democratic opponent mopped the floor with him.
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