Does President Bush personally profit from US wars?

Question

I've seen accusations, etc. regarding Bush, Cheney, etc.

So, is it true? Here's a chance to back up the assertion - with facts, links, etc.

thanks.

Answer 1

The U.S. government has awarded hundreds of millions of dollars in contracts to American businesses operating in Iraq. Those contracts, some without competitive bidding, have included more than $500 million to support troops and extinguish oil field fires for Kellogg, Brown, & Root, a subsidiary of Halliburton, which Vice President Cheney led from 1995 until 2000. Of the $3.9 billion a month that the administration is spending on military operations in Iraq, up to one-third may go to contractors who provide food, housing, and other services.
Source: New York Times, "Washington Insiders' New Firm Consults on Contracts in Iraq," Sept. 30, 2003.

War is good for General Dynamics

Of important Bush appointees, 32 have ties to top weapons contractors as former executives, consultants, or major shareholders. These include the secretary of the Navy, previously a General Dynamics vice president, and the undersecretary of the Air Force. These men, who will return to private industry in a few years, have an indisputable material interest in pushing ever-greater military spending. It is estimated that by 2007 the "defense" budget will be $469 billion, 11 percent more than the Cold War average.

This bloated war spending is the pay- off to weapons contractors for their lavish campaign contributions and lobbying bonanzas, which in 2000 alone totaled $66.5 million

Answer 2

I think that would depend if he or his family owned stock in companies that produced products for the war and made a profit for their shareholders. Aircraft manufacturers, ammunition suppliers, weapons manufacturers, Oil & fuel suppliers (jet fuel, gas and diesel) are all examples of companies that would profit from a war. And the awarding of those contracts, although it is quite corrupt, certainly could be open to political motivation, during the selection process.

Answer 3

If bush were to belch, and not say excuse me every democrat in both houses, the national media (abc nbc cbs cnn etc) would be on him like stink on s**t. and the only thing i've heard of this sort is the one company that was chaired by cheney, before he was vice pres. (which kinda stunk to me) but i've not heard anything credible (first hand and repeated) like that about bush.

Answer 4

YES He started 2000 in office with a questionable/measly 1 million in assets though some pretty shady stock option sell offs. What ever he reports at the time of departure will not be the true amount he will have the ability to access!

Answer 5

Well they profit from everything else so I dont see where this would be any different. I have no proof (to back up your statement) but our goverment is so corrupt it is a shame. They take an oath to not use thier position to profit but they lie like a clinton. Common sense tells you that your statement is absolutly true.

Answer 6

It is very easy to speak about issues without any proof.

If we were allowed to speak only when we are certain about our speech, the silence would be amazing.

Not only the president but other MAY be personally profit about war, BUT it is really hard to prove, so, we can't tell for sure.

Answer 7

Didn't you see Farenheit 911? According to the research done on that film, Bush has financial interest in big oil, investments so to speak. Check out the movie for more info.

Answer 8

Here's one possible scenario. Not saying I agree or disagree.

War supports big oil. Big oil supports this administration. This administration supports war.

Sort of a circle.

Answer 9

It is hard to believe all this war-mongering and fear mongering are for altruistic reasons. The best crimes frequently go undocumented.

Answer 10

he and his family have holdings which his are in trust while hes president, that do