-Caveat Lector-

>From Mother Jones, March/April 1994
<A
HREF="http://www.mojones.com/mother_jones/MA94/pizzo.html">http://www.mojones.
com/mother_jones/MA94/pizzo.html
</A>

Whitewashing the Bush boys
by Stephen Pizzo
If Robert Fiske finds that Bill and Hillary have committed crimes in the
so-called Whitewater-gate matter, they should pay the price. But according
to
our Special Prosecute-o-Meter (to come), it would seem that the Clintons'
behavior is being measured differently from alleged banking misdeeds by the
Bush
family--Neil (Silverado Savings), $1 billion; Jeb (Broward Savings), $221.8
million; and George (BNL-Iraqgate), $5 billion. All proved a good deal more
costly than the up-to-$50 million involved in the Madison Savings-Whitewater
mess.

But while the national media--and specifically the New York Times--has
focused
its high-caliber lens on the Clintons, they apparently have forgiven and
forgotten the Bushes' banking practices.

Consider the remarkably kind November 30 Times front-page profile of Bush
boys
George Jr. (running for Texas governor) and Jeb (running for Florida
governor).
The story, by Times veteran Maureen Dowd, was an extraordinary triumph of
style
over substance.

Dowd kicked off the piece by describing a campaign stop in St. Petersburg,
Fla.,
where a woman directed a stream of idiotic "One World tool of the
Communist-Wall
Street international conspiracy" accusations at Jeb Bush (coyly described as
a
"slender six-foot-four"). Dowd jumped to Jeb's defense, labeling the woman's
accusations "wacky."

Fair enough. But in her 2,000-word article Dowd neglected to mention any of
the
other, far more serious allegations of wrongdoing that have been leveled at
the
Bush boys, leaving readers with the impression that these accusations are
also
just the "wacky" complaints of nuts out to harass the poor Bush family.
After
all, the "Newspaper of Record" has declared them so.

Had Dowd done her background work she would have found no shortage of
decidedly
unwacky Bush stories. Among others: a 1987 front-page article in the Wall
Street
Journal chronicling how Jeb helped a Cuban con man bilk Medicare out of
millions
of dollars; MoJo's Sept./Oct. 1992 cover story ("My Three Sons") on the Bush
sons' long list of dubious business transactions (including George Jr.'s
alleged
violation of security laws governing insider stock sales when he sold his
shares
of Harken Oil on the eve of the Gulf War); and a recent New Yorker article
detailing sleazy activities by Neil and number-four son Marvin Bush. The
Times
even ran an April 1992 story listing some of the Bushes' questionable deals
(perhaps all motivated by the "Bush creed of competition" that Dowd notes
approvingly).

When contacted by MoJo, Dowd wouldn't defend her story, saying, "Look, I'm
not
an investigative reporter, and clearly I wish now that I'd written a
different
piece. The Bush family never really liked me anyway." They may like her
better
now.

Short memories are also evident in Washington, D.C., where Bob Dole is
complaining that House Banking Chairman Henry Gonzalez, D-Tex., is dragging
his
feet on Whitewater, but "held weeks of hearings" when Neil Bush got swept up
in
the failure of Silverado, even though he "had no direct involvement."

Actually, Neil sat on Silverado's board of directors until the thrift was
declared functionally insolvent. That's about as "involved" as you can get.

Republicans are also upset over a Small Business Administration loan of
$300,000, taken out by Susan McDougal, that went into Whitewater Development
and
later into default. Guess they've forgotten that $2.35 million SBA loan Neil
received for his new company, Apex Energy, after bugging out of Silverado.
(He
walked away from this obligation, too.)

But there may be a silver lining: If our meter is used as a gauge, then
Gonzalez's demand for a special prosecutor in the BNL-Iraqgate affair should
get
serious consideration. Republicans ought to meditate on the old adage,
"Beware
what you wish for. You may just get it."

--Stephen Pizzo

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