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February 24, 2005
Dubya's Uncle Profits From Iraq War, Too
The Iraq war helped bring record earnings to St. Louis-based defense contractor Engineered Support Systems Inc., and new financial data show that the firm's war-related profits have trickled down to a familiar family name — Bush.
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.
What a surprise! A government program benefits a politically connected firm and its politically connected board member! Whoever would have thought it?
This is nothing particularly unique to the Bush administration. It goes on under every politician, from the local mayor to the president. It should, however, give everyone cause to question everything the government tells us about its programs, from garbage pickup to all-out war.
(Thanks to Antiwar.com for the link.)
On a related note, see Anthony Gregory's column on "Corporatism and Socialism in America."
Posted by Mike Tennant at February 24, 2005 11:50 AM
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