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>

[Chiefnj]

No, Luz. I'm not saying that the Dems are a bunch of crooked and corrupt scoundrels. That is the picture that the Repubs in Congress used their majority to promote instead of doing their jobs. Sure, the horrendous smear campaign fooled some Americans. But luckily it was not too successful considering the time, effort, and (our) money the Repubs wasted in the hatchet job. I'll bet think for every American that bought the image the Repubs were selling, there is another American that got p!ssed off at their partisan extremist tactics.

Since I don't accept the caraciture of Demo evil and corruption the Repubs have attempted to foist on us, I also do not say the Repubs are "just as bad." Its just business as usual on both sides. Sure, they have some differences in their political philosophies. But to divide the two camps into good and evil is too simplistic.

[Spott]

Yep what we have here is the perfect Democrat. Willing to say one thing one time and the complete opposite another, depending on what's better suited at the time.

[i]Vanity Fair: Bush always structured deals so the bank was repaid[/i]

[i]The bank DID go belly up. Investors DID lose money. [/i]

Ok Duck I give up which is it? Or perhaps we should devote a thread where you can debate yourself and your varying positions.

[i]persecuting the Clintons[/i]

I literally hurt myself laughing when I read that one. If the Clintons had simply complied with the supeonas instead of stonewalling them this 'persecution' would have ended years sooner.

Also please explain to me why the 'most ethical administration' in history has set the record for criminal indictments of its members. Also explain why [b]Congressman[/b] Lieberman spoke harshly of Slick Willy's conduct and now [b]VP[/b] candidate doesn't.

BTW: Dry wells aren't a 'scheme' they're a fact of that business. I think you said you're in the tech business. Think of it as a failed dot com startup. Or are those risky GOP schemes as well? *L*

[Chiefnj]

Ck_In....Here's the hole in your logic:

Bush did structure his deals so the bank was repaid, and the bank did go belly up. The two are not mutually exclusive, came to pass, and are not conflicting. Your case looks good from a distance, though.

I would reply to your question about the "most ethical administration in history" but I don't know what you are refering to. Are your quotation marks attributing that statement to me?

[ColoradoChief]

UD - The quote was by Clinton himself before he was elected to President and what he was planning to build when he was president.