| Harken Nothing, War Is Real |
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July 16, 2002
Folks, while the president and vice president are worrying about protecting us from another terrorist attack, the Democrats and the media are worried about playing politics. They're worried about 10-year-old stock deals. They're pretending to worry about why Dick Cheney sold his Halliburton stock in the summer of 2000, deliberately forgetting that they urged him to sell at that very time! |
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We cover that point on the vice president in Press Hounded Cheney to Sell, Now Engaged in Character Assassination. Since the media won't do their job on this, and the Republicans refuse to defend their leaders, it falls to the EIB Network to once again pick up the Forgotten Flag of Truth. In 1990, George W. Bush did what millions of people do: he sold stock in the company he helped run. The company was Harken Energy Corporation. Bush sold his stock for $800,000, of which he paid probably 50% in capital gains and other taxes.
That's a nice chunk of change, but only a few months later, the stock doubled. Had Mr. Bush held his stock, he would've made over $1.6 million. Harken boomed after Bush sold! This is the key to why the Democrat SEC cleared Bush of getting out on insider information that something bad was going to happen: Harken didn't fail. Not only didn't it fail, it prospered. This is not an ImClone thing where everybody sold on bad news that only they knew, and then the company went south. Harken stayed in business and grew even wealthier, long after Bush sold. |
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| Investigation Into Harken - Political Fishing Expedition |
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 The only reason there was an investigation at all was that there was a newly arrived liberal business graduate in the SEC enforcement division at the time Bush sold his stock. This partisan hoped to make a career looking into the then-president's son, George W. Bush. But naked ambition was frustrated because Harken didn't go south, and they couldn't recommend any enforcement against Dubya.
The chief Bush basher at the Associated Press, Pete Yost, writes in the Washington Post, "Two and a half months before George W. Bush sold his stock in a struggling Texas energy company where he was a director, he signed a letter promising to hold onto the shares for at least six months." Again, he could've doubled his money by sticking with the stock. The only reason Bush sold his stock was because he needed to pay a cash call he incurred when he bought the Texas Rangers. That's why he sold the stock that ended up losing him almost a million bucks!
Some are saying, "You were willing to look into Whitewater, so how can you look this?" Well, Whitewater had allegations made that the Clintons tried to thwart an RTC investigation - and guess what? There were convictions in Whitewater! People went to jail! Bush's sale of his own stock options was investigated by the well-respected Democrat SEC enforcement chief who found no violations of securities laws and has said so on the record. George W. Bush is trying to destroy the enemies of America, but to Tom Daschle, Dick Gephardt, Joe Lieberman and the media, the enemy is George W. Bush and Dick Cheney. Remember that. |
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| Read the Article... |
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(AP: Bush Harken Deal Faces New Scrutiny - Pete Yost)
[No longer available online] |
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