A lot of the info is true. Prescott Bush was president of the Union Banking Corporation on Wall Street when it was seized by the govt in 1942 under the Trading With The Enemy Act.
As for the attempted takeover of the govt in 1934, it is a matter of public record. Many corporate heads were openly fascist at that time and wanted to organize both labor and govt on a fascist model. Hearst praised Hitler in his papers. Dupont, General Motors, Ford--all fascist at the top.
Gerald Macguire of the American Legion was a ond salesman on Wall Street who approached General Smedley Darlington Butler recently retired from the Marines and wanted him run for commander of the American Legion. When Butler looked into it further though he learned that what Macguire wanted was for Butler to use the American Legion to put pressure on Roosevelt to put America back on the gold standard. Butler was only interested in veterans' issues rather than politics but Macguire introduced him to some corporate heads who revealed that the loss of the gold standard scared them and they were afraid of losing their fortunes. Robert Sterling Clark of the Singer Sewing Machine Co. told Butler he had $30 million and was willing to spend in order to keep the other half.
Macguire realizing that Butler cared only about veterans' issues returned from Europe telling Butler was a large role that veterans' groups played in the formation of the Nazi Party, Mussolini's fascist party and the Croix de Feu of France. The Macguire told Butler that the plan was to raise a 500,000 army and march on Washington and takeover the White House. Butler was to lead that army.
Once they took over the govt (this seems to be based on the Beer Hall Putsch), the president would be reduced to a figurehead. If he made waves, he would be removed and someone like Senator Burton Wheeler of Montana would occupy his seat. Macguire said that J.P. Morgan Bank could raise up to $300 million and was prepared to do so. That the du Pont family was prepared to use their Remington Arms Company to arm this army.
Should Butler refuse, Macguire said his group of nine high-powered shadowy backers that also included the Rockefellers and E.F. Hutton, would approach generals Douglas MacArthur and James Van Zandt in turn (not really stating exacly what would be done with the one who refused). Macguire stated that these backers were going to start a "superorganization" dedicated to fascism and the overthrow of FDR, the New Deal and American govt in general.
Alarmed, Butler broke the story to the media. Robert Clark promptly threatened to sue. J.P. Morgan & Co. stated that Butler's charges were ridiculous.
Yet, The superorganization Macguire spoke of DID form and was called the American Liberty League. It was headed by Grayson Murphy, president of a powerful Wall Street brokerage house (he was, in fact, Gerald Macguire's boss) and the treasurer was none other than Robert Sterling Clark. The group received substantial funding from General Motors, Dupont, E.F. Hutton, Rockefeller interests and others known in that circle.
The ALL had contacts with various homegrown fascist groups and parties and used them to found offshoots as the Sentinels of the Republic that were anti-FDR, anti-govt, antisemitic and virulently racist--actually pushing the KKK's racial line.
James Van Zandt then came forward to testify that he too had been approached by Macguire concerning leading an army that was to boot out FDR in a coup, occupy the White House and put America back on the gold standard.
HUAC investigated the story but were far too cowed by the powerful forces involved to go very indepth. They never subpoenaed any of the powerful men that Butler claimed to have met. But they couldn't ignore the evidence either and wrote in 1934 that Butler's story was completely credible and 100% verifiable. Their report added: "There is no question that these attempts were discussed, were planned and might have been placed in execution when and if the financial backers deemed it expedient."
And when you remember that Bush's purpose for being in the White House was to make big business filthy rich and the expand executive power to dictatorial proportions, the idea that Bush is a fascist is not so far-fetched. Certainly he grew up hearing pro-fascist remarks among his older relatives.