Poppy Strikes Gold

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In this excerpt from the recently-released U.S. edition of his book The Best Democracy Money Can Buy, renowned investigative reporter Greg Palast details the shady—and extremely lucrative—connections between former president George H. W. (“Poppy”) Bush, a little-known Canadian gold mining company, and the political fortunes of Poppy’s son Dubya. This damning story, and a second one we’ll run next week, were deleted from the British edition of Palast’s book for fear they would run afoul of that country’s draconian libel law—which makes it a crime even to print a true story if the facts could harm the reputation of a person or company.
—Ed.

George W. could not have amassed this pile if his surname were Jones or Smith. While other candidates begged, pleaded and wheedled for donations, the Bushes added a creative, lucrative new twist to the money chase that contenders couldn’t imitate: “Poppy” Bush’s post-White House work. It laid the foundation for Dubya’s campaign kitty corpulence and, not incidentally, raised the family’s net worth by several hundred percent.

In 1998, for example, the former president and famed Desert Stormtrooper-in-Chief wrote to the oil minister of Kuwait on behalf of Chevron Oil Corporation. Bush says, honestly, that he “had no stake in the Chevron operation.” True, but following this selfless use of his influence, the oil company put $657,000 into the Republican Party coffers.

That year Bush pere created a storm in Argentina when he lobbied his close political ally, President Carlos Menem, to grant a gambling license to Mirage Casino Corporation. Once again, the senior Bush wrote that he had no personal interest in the deal. However, Bush fils made out quite nicely: After the casino flap, Mirage dropped $449,000 into the Republican Party war chest.

Much of Bush’s loot, reports the Center for Responsive Politics, came in the form of “bundled” and “soft” money. That’s the squishy stuff corporations use to ooze around U.S. law, which prohibits any direct donations from corporations.

Not all of the elder Bush’s work is voluntary. His single talk to the board of Global Crossing, the telecom start-up, earned him stock worth $13 million when the company went public. Global Crossing’s employees also kicked in another million for the younger Bush’s run. (We’ll meet Global Crossing again in Chapter 3.)

And while the Bush family steadfastly believes that ex-felons should not have the right to vote for president, they have no objection to ex-cons putting presidents on their payroll. In 1996, despite pleas by U.S. church leaders, Poppy Bush gave several speeches (he charges $100,000 per talk) sponsored by organizations run by Rev. Sun Myung Moon, cult leader, tax cheat—and formerly the guest of the U.S. federal prison system.

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