Egyptienne. wrote:
>> > As far as I can tell, GW Bush has never gotten a job or
> > into a school EXCEPT as a result of who his father and grandfather
were.
> Those are the coattails he's ridden his entire life.
And let's just list this out:
Prep School: Phillips Andover -- where his father went
College: Yale -- where his father and Grandfather went and which is in
Connecticut which his Grandfather represented in the Senate until 1963.
Yale has a policy of preferred admissions to students who are
"legacies" of parents who graduated from the school.
Graduate School: Harvard Business School. Bush has acknowledged that
he was a poor student at Yale and was a "C" student. It's unclear how
he got into B-school at the best university with a 2.35 GPA at Yale.
National Guard: Bush got into the national guard and avoided service
in Vietnam, skipping over a long waiting list of applicants. Bush has
acknowledged that calls were made on his behalf by friends of the
family to get him this posting.
Professional: Started Arbusto Oil with college funds and the
investment by William H Draper (college friend of GHW Bush), James R.
Bath (another member of Bush's "champagne Squadron" in the Guard), and
prominent conservative Lewis Lehrman. Why would Lehrman back a recent
B-School graduate with no actual experience in a venture as fraught
with risk as oil exploration? Maybe because his father was recently
the chair of the Republican National Committee and the Director of the
CIA. It would be nice if people like me could start multimillion
dollar businesses right out of grad school, but unfortunately, my
grandfather was a plumber, not a US Senator.
Bush used his position with Arbusto (Spanish for "shrub") to get
positions with Spectrum 7, and Harken Oil (where he served as a
director), a series of transactions which kept him employed even though
his companies didn't have much success. Coincidentally, at the time,
his father was the sitting vice president of the US.
Shortly after his father was elected president, Bush was offered a
minority (2%) interest in the Texas Rangers. He bought in with a bank
loan covering almost all the cost; he later paid the loan off by
selling his interest in Harken. Bush was aware that Harken was in
precarious financial shape, and had insider information to that effect.
Despite getting a clear statement from the corporate counsel, Bush
went ahead and sold anyway. The next quarter Harken reported a loss of
$23 million and share prices dropped from $4 to $1.25.
He ran for Governor of Texas in 1994. But for his sharing the name of
the just-defeated President, he would never have gotten the nod. His
family connections helped him run for President in 2000.
There you go -- that's a list of achievements, not one of which was
achieved without it being directly related to his family pulling
strings or making a few calls on his behalf. Must be nice.