Bush advisers cashed in on Saudi gravy train
by Maggie Mulvihill, Jack Meyers and Jonathan Wells Tuesday, December 11, 2001
Second of two parts.
"Many of the same American corporate executives who have reaped millions of dollars from arms and oil deals with the Saudi monarchy have served or currently serve at the highest levels of U.S. government, public records show.
Those lucrative financial relationships call into question the ability of America's political elite to make tough foreign policy decisions about the kingdom that produced Osama bin Laden and is perhaps the biggest incubator for anti-Western Islamic terrorists.
Nowhere is the revolving U.S.-Saudi money wheel more evident than within President Bush's own coterie of foreign policy advisers, starting with the president's father, George H.W. Bush.
At the same time that the elder Bush counsels his son on the ongoing war on terrorism, the former president remains a senior adviser to the Washington D.C.-based Carlyle Group. That influential investment bank has deep connections to the Saudi royal family as well as financial interests in U.S. defense firms hired by the kingdom to equip and train the Saudi military.
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."
More:
http://www.bostonherald.com/news/americas_new_war/saud12112001.htmPart One:
http://www.bostonherald.com/news/americas_new_war/saud12102001.htmSorry for posting ass backwards :P