OILGATE.....Dubya's Whitewater

[Chiefnj]

Wow - a multi-zillion dollar independent prosecutor investigation could have a field day with Dubya's "business" dealings. Vanity Fair and the New York Times people are digging up some dirty dirt on the morally superior candidate. His boasts about "experience in the private sector" and the bottom line may come back to bite him. So how did Dubya turn a $50,000 trust fund into a million bucks? Hmmmm....let's see.

He used his family name to get folks to invest in his "oil business." His partner, Russ Walker, sez, "I used to tell people George and I had an oil company together. Not true. We had a dry hole company together."

Vanity Fair: Bush always structured deals so the bank was repaid and he himself did fairly well, even as his investors almost ivariably did poorly. In January 1982, Phillip Uzielli, a New York investor and Princeton classmate of James Baker, one of Bush's father's closest friends and Reagan's chief of staff, gave Bush a $1 million infusion for 10 per cent of his company, which as a whole was worth less than $4000,000. The last time Uzielli talked to an interviewer was in 1991, when he said he, "had lost a lot of money...Things were terrible."

His partner sez Dubya had a different set of people for every deal. Eventually, he ran out of fish to bilk and went out of "business."

NEW YORK TIMES: He rased a total of $4.67 million from limited partners to drill for oil, while his company returned only $1.55 million to his investors. Their losses were cushioned by tax write-offs of up to 70 per cent for "intangible drilling costs."

So thats how Dubya handles the bottom line. And this guy wants to run our country?<P>

I love when Kurt comes out of hiding (even when he does so to me)

Standing Ovation


------------------
Puttin' on my game face!

[DIEHARDCHIEF]

Wolfman,
Are you sure you don't mean 1992? I mean i know that gas has gone up, but I didn't know it was that much that long ago. And if you do have the date correct, aren't there 10 years in there where republicans held office? This is why I, as a first time voter, am afraid to vote. I can do all the research I want but it always seems to come down to he said she said. I don't really trust any politicians, they are never able to do what they promise anyway, and anyone you talk to with allegiance to either party can only put the other side down.

[Luzap]

Im sorry, I dont see where money from this deal was siphoned into a political campaign or how a bank was defrauded and later failed causing tax payers to absorb the cost of the failed institution...

I mean, Vanity Fair, themselves pointed out that: [i] Bush always structured deals so the bank was repaid...[/i]. Vanity Fair is hardly a shill for the right wing so Im not real sure the point of this article.

Moose: great mantra, sounds good doesnt it? Too bad it's BS. Try moving past the pre-programmed sound-byte dem responses and put some real fact behind your statements.

DJAy - No, I mean 1982. I used that as my gauge as that was the year I graduated high school. So my original statements stands.... as well as my original challenge - Find one other mass consumed product (especially one that is supposedly limited) that has only increased 9% over 2 decades.

Duck - Reply to #12?

[Spott]

*yawn* Another programmed lib trying to sling mud at Bush for engaging in the oil business. What's next, blaming him for low ticket sales at Kaufman because he once owned the Rangers?

As Luz stated, the oil biz is high risk/high reward. I read once that the strike rate is around 20%. So of course money was lost by some and made by others. It's the natural ebb and flow of that business. The bank was paid back and no loans were defaulted so what's the beef? Oh I know what the beef is, it's another way to distract from Chinese money buying American elections, shaking down Buhddist nuns, and the constant blatent lies about everything and anything by algore.

Dyslexia?! Gawd man are you also going to say he's unfit due to male pattern baldness? Pathetic!

[Duck Dog]

What is ironic is that the left is always telling us that NO disability should restrict anybody from doing ANYTHING!

Even if he suffers from dyslexia, it is one of the least disruptive neurological disorders that exists. Overwhelmingly most dyslexics function at 100% capacity.

Duck, what's really IRONIC, however, is your pointing out Bush missusing certain words. It's ironic because Bush has done it ACCIDENTLY, whereas Clinton/Gore missuse words PURPOSELY.

It has been the Conservatives that have been saying for eight years now... WORDS MEAN THINGS!

Luz
you're a little late to the band wagon...

[Larry Reed]

Kurt,
Thanks for coming out of hiding.

"However, the role of the President is not to assure that your bottle is kept full so that your nipple won't go flat."

"there is a word for those who look to a higher controlling authority for their physical well being, it's called a socialist, wear the title proudly my friend."

LOL. Thou doth assume too much my friend. I'm certainly not worried about that. And it is funny every time a democrat brings up the economy that is the red flag the right uses. I'm not going to get into personal specifics here, but I'm making a good chunk of change out here in the high tech world in California, and if you look at the numbers I would probably monateraly benefit more under Bush's plan in the short term than Gore's targeted cuts.

I make my choice based on who I believe is better for the country. I make my choice based on who I believe is more competent. I make my choice based on who I believe is better equipped to lead this country forward here in the 21st century.

Now again we all have our beliefs on who is the better man to do this. I do not see Bush/Cheney and their policies and the policies that they have supported in the past as the best team to do this. Now we've all got our own philosophical differences but let's hold off on painting all democrats as people who want to suck more out of government. That is again, a very lame, shortsighted and flimsy view.

[Yosef_Malkovitch]

Moose:

"Now we've all got our own philosophical differences but let's hold off on painting all democrats as people who want to suck more out of government. "

It's not ok to pigeonhole all Democrats, but it's fair game to lump all Republicans together?

mmaddog
*************

------------------
"When you're not the lead dog in the pack, the view is always the same"

[Larry Reed]

Mark,
I have called specific people here on this thread what because they were republicans?

[Chiefnj]

Sorry, Wolfman. I wasn't questioning where you live or your take on gas prices. I was just amazed that gas is so much cheaper in your part of the country. I don't know why the heck its two bucks and up right here where the refineries are.

[Duck Dog]

UD,

It's called taxes.

Luz
you know, that thing the dems want us to pay more of?...

Duck - Kansas City is historically low for gas prices.... I have lived in the Louisville Kentucky, New York NY, and Tampa Fl metropolitan areas and Kanas City beats them all hands down for cost of living ratios. Maybe if you didnt have so many liberals running the left coast your gas would be a little cheaper.

BTW - I appreciate your candor and honesty on the other political thread. Thanx

[Chiefnj]

cK_In reply#20

Actually, the dry well business situation was not as rosy as you painted it. The bank DID go belly up. Investors DID lose money.

And the hardworking Joe's of America had to bail out the rich folks again with their tax dollars. Everybody lost but GW. He skimed off a million bucks of the investors money. Then his rich crony investors ripped off the American taxpayers by claiming 70% "intangible" expenses. You and I ended up footing the bill for Bush's dry well scheme.

Sounds a lot like the claims that started the $60 million dollar Whitewater investigation. I'm sure if the level of effort that was put into persecuting the Clintons was put into digging up dirt on Bush, we could have much more Bush-bashing material. If the level of inspection put into looking into Demo campaign finances was put into investigating Repub campaign finances, we could have more dirt as well. The notion that the millions of Demo supporters are all evil crooks and the Millions of Repub supporters are all haloed saints is just too black-and-white to be credible.

[Duck Dog]

Duck,

Face it. The majority of people that are in leadership of your ideological position this last decade are unethical scoundrals.

You can try to defend them by saying, "the Repubs are just as crooked" as much as you want, but it won't change the facts.

There have been more indictments and convictions in the current Gore/Clinton administration than any in living memory.

The leaders of your party are corrupt.

Luz
live with it...