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Politics : The Donkey's Inn -- Ignore unavailable to you. Want to Upgrade?

To: Mephisto who wrote (1486)	12/13/2001 10:44:15 PM
From: Mephisto	Respond to of 15516

The Former President George H. Bush's Connection For full story see:http://www.siliconinvestor.com/readmsg.aspx?msgid=16790004 "Last year, former President Bush visited Saudi Arabia's King Fahd bin Abdul Aziz Al-Saud, but a Carlyle spokesman said the two did not discuss Carlyle business as previously reported. The elder Bush is reportedly paid between $80,000 and $100,000 for each Carlyle speech he makes. The company declined comment on the former president's pay." The Carlyle Group has also served as a paid adviser to the Saudi monarchy on the so-called ``Economic Offset Program,'' an arrangement that effectively requires U.S. arms manufacturers selling weapons to Saudi Arabia to give back a portion of their revenues in the form of contracts to Saudi businesses, most of whom are connected to the royal family. A company spokesman said yesterday that arrangement was ended ``a few months ago,'' but said he did not know whether it was terminated before or after the Sept. 11 attacks. A spokesman for former President Bush, reached yesterday, had no immediate comment on his work for the Carlyle Group." Excerpt from the article, Bush advisers cashed in on Saudi gravy train. BY Maggie Mulvihill, Jack Meyers and Jonathan Wells Boston Herald Tuesday, December 11, 2001 Second of two parts.