The Mudcat Café TM
Thread #86507   Message #1611227
Posted By: Teribus
22-Nov-05 - 11:10 AM
Thread Name: BS: Brought to you by... GHWBush
Subject: RE: BS: Brought to you by... GHWBush
Bobert - 19 Nov 05 - 05:46 PM

Now let's take a look at the extent of GWB's so called screw ups according to Bobert, Bobert of course has not got things happening in the correct order:

Air National Guard - Lt. George W. Bush was considered to be a highly proficient pilot.

Harken Energy - GWB took Arbusto Energy Inc., bought up undeveloped/lapsed licence areas in Texas. Sold the Company on, GWB getting a position in the Company that now owns Arbusto. Arbusto's new owners are taken over by Harken Energy, who also give GWB a job. GWB is given 212,000 shares in Harken Energy (Worth $600,000 approx). Harken were going into a deal that was way outside their area of expertise (offshore exploration in the Arabian Gulf as opposed to onshore exploration in the USA). GWB advised against and stated that if they went ahead with it he would sell up and leave. That is what did happen and GWB's Harken Energy Shares were sold for just under $850,000. The capital he used to raise Arbusto was his own which he increased about four-fold, he then remains employed and the value of his shareholdings increase by 33%. That's some screw up Bobert.

The Texas Rangers Baseball Team - In the meantime, prior to GWB selling up his Harken Shares, he has raised a loan to buy a share of the Texas Rangers Baseball team (Cost $606,302 in 1989). He uses some of the money he gets from the sale of his Harken shares to pay off that loan. In 1998, when the Texas Rangers are sold GWB's shares are worth $14.9 million. Now fuckin' hell Bobert that really was a screw up, loads of failed business men do it all the time.

PS - If that's what you call "messing up everything" maybe we all should try it - we'd at least be able to afford a more comfortable kind of misery. Oh Bobert, another correction - He (GWB) was *given* Fuck All.