-Caveat Lector- <A HREF="http://www.ctrl.org/">
</A> -Cui Bono?-
From
<<Don't know if this has been posted before -- haven't seen it -- but just in
case it hasn't or some haven't seen (as I hadn't), here ya go. I've been
wondeering of late *Why* Shrub has been hell-bent on getting to the top and how
much political debt he has. Then I ran across the reference to this in
Hatfield's book *Fortunate Son* and went a searchin' ... easy find. Any
more information on this or other 'mentors'? A<>E<>R >>
http://victorian.fortunecity.com/brambles/499/Bush/Rainwater/rainwater.html
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Who's that man behind George W. Bush?
>From The Hightower Lowdown
For more than a decade, George W. Bush - the sitting Texas governor, son of the
ex-president, and possibly the Republican nominee for president in 2000 - has
not made a move without consulting The Man … and I don't mean his father.
Down here in Texas we call him Shrub, as in little bush, and a shrub needs
watering to grow up, right? So, in steps a man by the name of - we kid you not
- Richard Rainwater. The national media has yet to probe into Bush's business
dealings, but if and when they do, they'll find this man Rainwater. He's a
billionaire speculator and money manager who ranks among the wealthiest 100
Americans. It's well known that Rainwater has been a major financial backer of
Bush's political career, but it's a little-known fact that he's also largely
responsible for Bush's personal wealth. He's put Bush into various profitable
deals, from oil and gas to real estate, but the big one was the Texas Rangers
baseball franchise.
In 1989, Bush was one of 70 investors, including Rainwater, to buy the Rangers.
Even though Bush's $600,000 investment was a minor part of the deal, he was
named managing partner, which paid him $200,000 a year. When he became
governor in '95, he put all of his financial holdings in a blind trust - all
except for his holdings in the baseball deal, that is. In '98, the partnership
sold the team, and the "lucky" governor pocketed $15 million - a 2,4000 percent
profit!
Bush is nothing if not loyal to Rainwater, who has done very nicely while his
pal has been governor. Among the favors Rainwater has enjoyed:
State buildings sold to Rainwater's real estate company at bargain basement
rates;
State college and public school funds invested in Rainwater's company;
A Bush-sponsored tax cut that failed, but would have cut millions in annual
taxes for Rainwater; and
A stadium-financing bill backed by Bush that gave a $10 million bonus payment
to a Rainwater company.
Shrub has become a national media darling and the GOP front-runner for
president, campaigning on a carefully crafted slogan of "compassionate
conservatism" - or is it "conservative compassionatism?" The real story is
that George W. is really just another practitioner of Crony Capitalism.
Copyright © 1999 The Hightower Lowdown. All rights reserved.
Republished with the permission of The Hightower Lowdown.
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A<>E<>R
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