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Is Carlyle referring to _former_ president bush?

"Kevin's Hotmail" <dfwenigma@hotmail.com> wrote in message
news:TX7xa.864955$F1.108702@sccrnsc04...
> George Herbert Walker Bush is, according to the Carlyle Group:
>
> "President Bush's title is Senior Advisor to the Carlyle Asia Advisory
> Board.  His exclusive role is to give occasional speeches at Carlyle
events.
> President Bush is compensated, but that is his personal business and
Carlyle
> does not disclose the nature or amount.  He has never been a managing
> director, managing partner or director."
>
> That is the extent of George Herbert Walker Bush's official, recognized
roal
> at Carlyle.  Good, bad or indifferent, that's what they're willing to
> disclose.
>
>
> "No One" <noone@nowhere.com> wrote in message
> news:gwSua.1345$Ly2.173682@cletus.bright.net...
> > Hubris Unbound
> >
> >    by TIM SHORROCK
> >
> >    On May 2 President George W. Bush zoomed off the deck of the aircraft
> >    carrier Abraham Lincoln, where he had declared victory in Iraq
> >    following a televised landing in a US Navy S-3B Viking jet. A few
> >    hours later, Bush landed in California's Silicon Valley, where he
> >    abruptly changed the topic of the day from triumphant war to
> >    sputtering economy.
> >
> >    Mindful of the slowdown in what was once a high-tech symbol of US
> >    economic might, Bush's handlers carefully chose his stop in Santa
> >    Clara. The President avoided the traditional walk-through at Intel,
> >    Cisco Systems or Apple. Instead, as reported by David Sanger of the
> >    New York Times, Bush "pulled into the well-protected grounds of
United
> >    Defense Industries, which produces the Bradley fighting vehicle,
tanks
> >    and other equipment that became familiar to television viewers
> >    watching the 350-mile race to Baghdad last month."
> >
> >    There, standing before an array of weapons used in Iraq, Bush made
his
> >    stand for a $550 billion tax cut that Republicans pray will revive
> >    investment, cut the deficit and bring back thousands of jobs lost
over
> >    the past eighteen months. He thanked the assembled United Defense
> >    workers for their products, especially the Bradleys, which he boasted
> >    "were responsible for a lot of tank kills" in Iraq.
> >
> >    But Sanger, along with every other reporter covering the speech,
> >    neglected to mention a crucial fact about United Defense. It is
> >    majority-owned and controlled by the Carlyle Group, the Washington,
> >    DC, merchant bank in which Bush's father, George H.W. Bush, has a
> >    direct financial interest and serves as a trusted adviser. Yet the
> >    American public was kept in the dark about this relationship by the
> >    newspaper of record, along with the Washington Post, CNN and every
> >    other major media outlet. To people who follow these things, the
> >    silence was deafening.
> >
> >    "It's not irony anymore; its just shameless and brazen," said Dan
> >    Briody, a New York journalist who broke one of the first stories
about
> >    Bush's connection to Carlyle. His new book, The Iron Triangle: Inside
> >    the Secret World of the Carlyle Group, tells the story of Carlyle's
> >    rise from a lowly buyout firm to the nation's eleventh largest--and
> >    arguably most politically connected--military contractor.
> >
> >    "I've been amazed at some of these arrangements that have taken
place,
> >    like the Halliburton situation," Briody said, referring to the oil
> >    services company formerly headed by Vice President Dick Cheney that
> >    won a government contract to stamp out oil fires in Iraq. "This
> >    Administration keeps making decisions that benefit themselves and
> >    their friends, and I don't see an end to it." The day we spoke,
> >    Representative Henry Waxman released a US Army document disclosing
> >    that Halliburton's no-bid contract was much broader than initially
> >    described, and included oil operations and distribution that could
> >    increase the cost of the contract to $7 billion.
> >
> >    Briody's book on Carlyle, published by John Wiley & Sons, is an
> >    excellent place to begin understanding the intertwining of business,
> >    lobbying and foreign policy that define the twenty-first-century
> >    version of the military industrial complex. A key chapter recounts
> >    Carlyle's 1997 acquisition of United Defense for the "fire-sale
price"
> >    of $850 million and documents how Carlyle spent more than $1.2
million
> >    on lobbyists, who roamed Capitol Hill on behalf of United Defense and
> >    its weapons systems.
> >
> >    Among Carlyle's current holdings that Briody lists in an appendix are
> >    Composite Structures, which makes metal parts for the AH-64 Apache
> >    Helicopter; Lier Siegler Services, which provides logistics support
> >    and maintenance for Army vehicles and Air Force jets; and USIS, which
> >    performs background checks on millions of government and corporate
> >    employees and stands to make a killing in the booming homeland
> >    security business.
> >
> >    With Bush preparing the American people for more battles ahead, "it's
> >    more crucial than ever that the press pick up the scent of this story
> >    until we make some change," Briody said. First and foremost, he
> >    argued, Bush Sr. should resign from the Carlyle Group "because of the
> >    obvious conflict of interest of working for a company that has such
> >    huge defense interests while his son is waging these wars."
> >
> >    Chris Ullman, Carlyle's vice president for corporate communications,
> >    rejected that idea. "Former President Bush's relationship with his
son
> >    has nothing to do with Carlyle or our investments," he said in an
> >    e-mail. "The former president does not discuss Carlyle matters with
> >    his son; the success of our firm rests on the hard work of our
> >    investment professionals."
> >
> >    As for Briody's book, Ullman said: "Peel away the layers of factual
> >    errors and the self-righteousness and all you're left with is
baseless
> >    innuendo. This book should be exposed for what it is, a compilation
of
> >    recycled conspiracy theories masquerading as investigative
> >    journalism."
> >
> >    That's something readers can judge for themselves. But does the
> >    mainstream press really think the Bush-Carlyle connection is
> >    irrelevant? And in the stories about Bush's speech at United Defense,
> >    did it simply fail to note the company's connection with Carlyle,
> >    which can easily be made with a quick search on Google? I put those
> >    questions to Sanger on his message machine at the Times's Washington
> >    bureau, but he never returned my call. Maybe next time he'll get it
> >    right.
> >
> > http://www.thenation.com/doc.mhtml?i=20030526&s=shorrock
> >
> >
>
>