<<

. 3
( 18 .)



>>

Project conducted by Columbia University in 1966,
Eisenhower Administration Part II; pp.5-6. The
interview was supposed to be kept secret and was
never published, but Columbia later sold microfilms
of the transcript to certain libraries, including
Arizona State University.
™ Averell Harriman, public statement in the NewYork
Times, October 6, 1920, p. 1.
* Dr. Antony Sutton, Wall Street and the Bolshevik
Revolution (Veritas: Western Australia, 1981).
9 Prescott Bush, Columbia University, op. cit., pp. 16-
22.
lo Dr. Antony Sutton, Wall Street and the Rise oj
Hitler (Seal Beach, Calif.: ˜76 Press, 1976), p.74.
The entire story is examined in far greater detail in
this volume and Dr. Sutton™s other watershed work,
Wall Street and the Bolshevik Revolution.
CONTACT: THE PHOENIX JOURNAL Page 15
NOVEMBER 22, 1999




The Immaculate Deception
assigned to the Third and Fifth Fleets in the Pacific.
While serving on the light aircraft carrier, USS San
Jucinto, the TMB-3E Avenger torpedo bomber flown
by Bush was shot down by anti-aircraft fire.



TheBushCrime
FamilvExvosed
Bush bailed out, leaving the other crew members to
fend for themselves, even though the Avenger was built
to sustain ocean-crash landings. He was picked up four
hours later by the U.S. submarine Finback. He
describes in his autobiography, “Later, I learned that
neither Jack Delaney nor Ted White had survived. One
went down with the plane; the other was seen jumping,
but his parachute failed to open.“4
The decorated Bush was discharged in 1945 with
the rank of Lieutenant (Q.g.). This portrayal has been
pushed scores of times into the media under various
The title of this article refers to a book by the same name. With permission from the
excuses to pump up the “Bush the War hero” image.
author™s agent, we are pleased to present this book in this chapter-by-chapter series. On September 3, 1984, for example, this relatively
minor episode in the Pacific was converted into an
Club.
CHAPTER 2 anniversary at Norfolk Naval Base. Bush was
George was named after his grandfather, George
photographed waving from a vintage Avenger and took
Herbert Walker, who was called “Pop” by George™s
AND OF THE SON the opportunity to make an “I was there” speech.
mother. She gave George what became his lifelong In the speech, Bush reminded his naval audience:
From this elite Eastern Establishment of politicians, nickname when she began calling him “little Pop”, or
“I think all of us who have seen combat know how
“Poppy”.
businessmen and financiers exerting their influence in
important that technological edge is. When you have to
America™s foreign and domestic policies, sprang George Poppy™s mother and father raised him and his
go up there alongside the enemy and alone against the
siblings, older brother Prescott, Jr., younger sister
Bush.
enemy, you don™t want someone to be cutting comers
Nancy, and brothers Jonathan and William, to be
By every standard of measure, he represents,
on the equipment.”
reflects and nurtures the elitism of his forefathers and mindful of their family™s distinguished lineage and its
Ann Lewis, political director of the Democratic
growing importance in the world.2
their cronies. Yet, his 30-year career has been a
National Committee, criticized the Norfolk Naval Base
As the world economic crisis deepened and other
dichotomy:
episode: “I think events like this-for the purpose of
*scion of a wealthy WASP Establishment family Americans were experiencing unprecedented hardship
a national campaign-trivialize the very values that they
and fear, the Bush children were taught that those who
with homes in Connecticut and Maine;
claim to defend. That a politician would order a special
*self-made, rugged individualist, oilman, khaki shirt, suffered had no one to blame but themselves. Writer
Navy anniversary-+rganized to trumpet his own brief
Joe Hyams glowingly recounted Bush™s roots in 1991,
sleeves rolled up; military endeavors-is trivial and hypocritical, indeed.“™
*right-wing conservative politician holding firmly to based on material supplied by the White House: “Alec,
After leaving the Navy in 1946, Bush contracted
the family chauffeur, drove the two boys to school
the rigid principles of the Republican Party; what has been called a “corporate merger” type of
every morning after dropping Prescott, Sr. at the
*modem, insightful centrist Republican, willing to marriage, popular in the 1940s and 195Os, when
open the party doors to all windows of thought. railroad station for the morning commute to Manhattan. powerful groups intermanied for power more than any
The Depression was nowhere in evidence as the boys
Take your pick of the aforementioned, and you will other reason. George Bush married Barbara Pierce,
glided in the family™s black Oldsmobile past the stone
not be wrong. George Bush, it seems, desperately seeks Smith College-educated daughter of publisher Marvin
fences, stables and swimming pools of one of the
to be all things to all people. Pierce of McCalls Magazine.
wealthiest communities in America.”
As one of Florida™s top Republican officials said: It was Barbara Pierce™s brother, Scott Pierce,
Prescott Bush-who was heaping the family
“George has no center. He stands for nothing. He is a President of E.F. Hutton, who was in the center of the
fortunes through sophisticated bond deals with John
political opportunist in the truest sense of the ivord.” E.F. Hutton check-kiting scandals that cost American
What makes this strange political animal tick? Foster Dulles for the Nazis-was, according to Hyams, investors millions of dollars over an extended period in
“a thrifty man who daily impressed on his children the
That may be impossible to answer. Certainly, his the 1980s. In May 1985, Scott Pierce pled guilty to
value of a dollar and encouraged frugality and saving.
background was of elegance and comfort, thanks to the mail-fraud charges.
He had no sympathy for the nouveau riche who
unscrupulous business tactics of his father. According to syndicated columnist Jack Anderson,
flaunted their wealth; they were without class, he said.
When the rest of the country was plunged into the Scott Pierce, through other E.F. Hutton associates, asked
As a sage and strictly honest businessman, he had often
Great Depression-following the stock market crash of Vice President Bush to intervene. Given the
turned failing companies around, making them
1929-George Bush and his family flourished, thanks extraordinarily light nature of the sentences-there were
to the largesse of Averell Harriman, and the massive 2,000 counts of mail fraud and no one went to prison-
profitable again, and he had scorn for people who went
bankrupt because they mismanaged their money.”
profits from*Grandfather Walker™s oil deals with the it seems certain that someone in power successfully
George Bush left his day school in Greenwich at
Soviets, and the financial arrangements between Brown intervened. However, crucial documentation of the Vice
age 12 to join his older brother at Phillips Academy in
Brothers Harriman and the Thyssen-Nazi cartel. The President lunching with his brother-in-law and discussing
Bushes were cushioned from the suffering endured by Andover, Massachusetts, 20 miles north of Boston. the case is not available.
“Andover” was one of the most exclusive of the New
the majority of Americans. The Hamburg-Amerika Like his father before him, George Bush™s biography
England preparatory or “prep” schools, whose students
steamship line, whose workforce was controlled by the pays scant attention to his 1948 membership in Skull &
were almost without exception wealthy, Episcopalian
Nazi Labor Front, poured money into the Walker and Bones, a society so secret that virtually nothing is known
White boys. As Bush™s own staff conceded in a 1980
Bush coffers. about it or its membership.
campaign biography, “At the close of the 1930s...these
The Bushes lived in a large, dark-shingled house One researcher has spent several years in an
schools...brought the famous ˜old-boy networks™ to the unsuccessful attempt to have Bush admit this
with broad verandas on Grove Lane, in the Deer Park
peak of their power.“3 membership and present an open book to the electorate
section of Greenwich, Corm.™ They were attended by
about his oath of allegiance to this secret society.
Bush™s own military career in World War II was
four servants-three maids and a chauffeur. The
Club 1948 contains George Herbert Walker Bush,
relatively uneventful but offered unlimited opportunities
family spent its summers at the second home built by
who, with 14 fellow brothers, chose the Club of 1949.
On his 18™h birthday, Bush
for image promoters.
Grandfather Walker at Kennebunkport, Maine. Along
The Club of 1949 includes Reverend William Sloane
enlisted in the Naval Reserve. After flight training at
with the colony™s other well-to-do inhabitants, the Bush
Coflin, Jr.,˜the anti-war cleric with a decidedly offbeat
Corous Christi. Texas. the 20-vear-old Navv nilot was
kids learned tennis and sailing at Kennebunkport River - ˜˜r ˜˜˜˜˜˜˜, -, ,I
,
NOVEMBER 22, 1999
Page 16 CONTACT: THE PHOENIX JOURNAL

revolutionary fervor based at the old-time Riverside Off-Shore and, in time, under Hugh Liedtke™s remains free market; that™s the core of the policy...the
.
Church, New York. Sometimes it appears that Imaginative management, merge into Pennzoil. Zapata: reason there™s no oil-import fee is because the decisive
everything stemming from Marxist revolution in the ˜there was a winning chemistry about the company. We vote against it was cast by Ronald Reagan.” There
US. also stems from Riverside Church. In the same could sense it.“™ were even concerns that, in helping raise oil prices,
cell as revolutionary Coffin, is C.E:Lord (generations Zapata Off-Shore Company, founded with Bush as Bush was “digging himself a political hole” for 1988.
of Lord families have always had representatives in President and Liedtke as Treasurer, became a highly This prompted Bush to claim: “I™m in a listening
Skull & Bones)-this Lord was Comptroller of the successful operator in offshore drilling for oil. mode when it comes to the intentions of these major
Currency; P.W. Lufkin of the firm Donaldson, Lufkin Typically, Zapata had the advantages of Bush producing countries. And again, the interest in the
and Jenrette and V. Van Dine, who was a long-term investment-banking connections and family wealth. United States is bound to be cheap energy, if we
CIA operative, as was William Sloane Coffin. All, Starting in 1953 from an initial investment of $500,000 possibly can. But from our interest, there is some point
however, are sworn by common oath not to divulge each, from Bush-Overby and the Liedtke brothers, where the national-security interests of the United States
their activities. according to Bush, Zapata™s 1985 Annual Report listed say, ˜Hey, we must have a strong, viable, domestic
After leaving the U.S. Navy, Bush started his industry.“˜R
revenues of well over one-quarter billion dollars from a
business career in Texas oil as a salesman for Neil This is surely political double-talk. When we
fleet of offshore drilling rigs.
Mallon of Dresser Industries of Dallas, Texas, the oil This relatively unknown company today employs needed the help of the Saudi Arabians in 1987 during
the Iraqi raid on the U.S.S. Stark, they refused to aid
supply company with links to the Soviet Union that his 7,300 people; not bad for a 30-year-old company built
father had previously managed. from an idea. However, Zapata owes its success to an us. Furthermore, it was Dresser Industries, founded
Bush began employment in Odessa, Texas with one ability to negotiate contracts with large international oil with friends of the Bush family, that provided the
of Dresser™s subsidiaries, IDECO (short for majority of assistance in expanding Soviet crude-oil
companies, in competition with 140 other offshore
International Derrick and Equipment Company). In his drilling companies. Zapata has taken advantage of production to compete with U.S. and Arab crude. The
autobiography, Bush described his advent in the Texas only time one finds tough behavior on the part of
government financing programs and especially U.S.
oilfields this way: “Heading into Texas in my government-guaranteed ship-financing securities at 8 % George Bush is when oil interests and family business
Studebaker, all I knew about the state™s landscape was interests are at stake.
percent, subsidized by the U.S. taxpayer.
what I™d seen from the cockpit of a Vultee [?] Vibrator Crude oil prices promptly rose $2 a barrel after
Bush served as president of Zapata Oil from 1954
during my training days in the Navy.˜16 to 1964 and then as Chairman of the Board of Zapata Bush™s visit to the Middle East. This action on behalf
Fitzhugh Green, in his book, George Bush: An Off-Shore from 1964 to 1966. In brief, Bush™s money !of big oil, accounts for the increased oil-company

Intimate Portrait, published after Bush became contributions to the Bush Political Action Committee
came from Texas oil.
president, described the Studebaker trip: “He [Bush] In this, he was always associated with Hugh (PAC), Fund for America™s Future. Probably one-third
gassed up his 1948 Studebaker, arranged for his wife of the contributions came from Midland, Dallas and
Liedtke, who came to prominence when Bush was
and son to follow and headed for Odessa, Texas.” Houston-Texas.
Republican National Chairman in 1973, and it was
A 1983 Texas Monthly magazine article written by Also curious is Bush™s relationship with another
revealed that the Texas campaign fund of Bush™s former
Harry Hurt III carried this description: “When George partner, Liedtke, had been used to partly finance the rformer oilman, Jorge Diaz Serrano. In 1960, Bush
Watergate break-in.
Herbert Walker Bush drove his battered red Studebaker went into a joint venture with Diaz Serrano in a
Mexican drilling company called Permargo. Bush™s 50-
into Odessa in the summer of 1948, the town™s In 1977, Bush and Liedtke went to China; Bush in
population, though constantly increasing with newly- an official capacity. Knowing this, the Chinese made percent interest was hidden, because his ownership
arrived oil hands, was still under 30,000.” Several their confidential oil surveys available to Liedtke™s oil violated Mexican law.
Permargo had lucrative contracts with Pemex, the
other versions of the Studebaker story have been company, the only one to receive these surveys. This
gesture was presumably because of Bush™s position. giant state-oil-monopoly of Mexico.
reprinted in other biographies of Bush and his wife,
Diaz Serrano went on to head Pemex from 1975 to
Barbara. More recently, Pennzoil, a Liedtke company,
1980. After reports of Pemex being looted of billions
The only problem with this story is that Bush did received the largest damages award in American
history. Texaco was charged with interfering with a
not arrive in Odessa, Texas in a red Studebaker. Texas during his reign, Diaz Serrano-who was reported to
merger deal made by Pennzoil and Getty. have lent Pemex as a cover for CIA covert operations
oilman and Bush campaign contributor Oscar Wyatt of
For this, the judge awarded a phenomenal $12 in Mexicewas convicted in 1983 of defrauding the
Houston, attempted to correct the story in a letter to the
Texas Monthly, in which he specified that “when people government. Bush™s former partner spent five years in
billion in damages, a sum that, if paid, could have
speak of Mr. Bush™s humble beginnings in the oil broken Texaco. No one has investigated possible Bush prison.
When Burron™s financial magazine looked into what
influence on the subsequent appeal, which was settled
industry, it should be noted that he rode down to Texas
it called Bush™s “shadowy Mexican operation”,
on Dresser™s private aircraft. He was accompanied by at $4 billion.
his father who, at the time, was one of the directors of investigative reporter Jonathan Kwitny found that the
While Bush was Vice President, his son, George,
Dresser Industries....1 hate it when people make Jr., became President of Zapata Off-Shore. ,This helps Zapata records of Bush™s relationship with Diaz
Serrano, 1960-66, had been “inadvertently destroyed”
explain why the Vice President flew to the Middle East
statements about Mr. Bush™s humble beginnings in the
oil industry. It just didn™t happen that way.” by the SEC after Bush became Vice President in 1981.
in early 1986 to persuade the Arab countries to raise
the price of oil, which had, to the delight of the average This is another example of Bush™s success, traced
After less than a year in Odessa, Dresser Industries
transferred Bush to California, where he worked as a citizen, fallen below a dollar a gallon [for gasoline]. to family connections combined with government
salesman selling IDECO drilling bits. Bush then Bush used the argument to the Arabs that U.S. financing and intervention, rather than American free
security depended on a rise in the price of crude oil,
teamed with John Overby, an independent operator, in enterprise. It is, however, in the political field that the
real, elitist, favored-son George Bush shines.
then $12 a barrel on the spot market. With operating
his own oil-and-gas lease business as President of Bush-
costs at $2 a barrel, the Arabs were making $8 to $10 George Bush has had a remarkable political career.
Overby Development Company, based in Midland,
Bush apparently tackles a political objective, falls flat
a barrel, but this was not enough for the Vice President
Texas, incorporated in Delaware in 1953 and merged
on his face, and then is eased by his elitist friends into
and his Texas oil friends. This Middle-East Bush visit
with Walker-Bush Corporation in 1955. One of his key
investors was Eugene Meyer, owner of the Washington a more coveted position by political appointment, such
triggered consternation in the White House. Here was
Post, who held a number of accounts with Brown as his directorship of the CIA.
the Vice President of an administration devoted to free
Brothers Harriman. Bush™s autobiography skips the early 196Os, except
markets, encouraging use of underhanded practices to
raise the price of crude.
The Bush family™s mingling of business, politics when he makes his official entry into public life as
Chair of the Harris County, Texas, Republican Party in
and intelligence re-started in 1953, when Bush co- The Reagan Administration hastened to put some
1963 and as a Texas delegate to the 1964™ Republican
founded his own oil company, Zapata Petroleum Corp. distance between itself and a Vice President who,

<<

. 3
( 18 .)



>>