Know your BFEE: The Carlyle Group

[Octafish]

16. War is Swell - Bush’s Crusades and the Carlyle Group

When War is Swell

Bush’s Crusades and the Carlyle Group

by JEFFREY ST. CLAIR
CounterPunch, WEEKEND EDITION MAY 22-24, 2004

Across all fronts, Bush’s war deteriorates with stunning rapidity. The death count of American soldiers killed in Iraq will soon top 800, with no end in sight. The members of the handpicked Iraqi Governor Council are being knocked off one after another. Once loyal Shia clerics, like Ayatollah Sistani, are now telling the administration to pull out or face a nationalist insurgency. The trail of culpability for the abuse, torture and murder of Iraqi detainees seems to lead inexorably into the office of Donald Rumsfeld. The war for Iraqi oil has ended up driving the price of crude oil through the roof. Even Kurdish leaders, brutalized by the Ba’athists for decades, are now saying Iraq was a safer place under their nemesis Saddam Hussein. Like Medea whacking her own kids, the US turned on its own creation, Ahmed Chalabi, raiding his Baghdad compound and fingering him as an agent of the ayatollahs of Iran. And on and on it goes.

Still not all of the president’s men are in a despairing mood. Amid the wreckage, there remain opportunities for profit and plunder. Halliburton and Bechtel’s triumphs in Iraq have been chewed over for months. Less well chronicled is the profiteering of the Carlyle Group, a company with ties that extend directly into the Oval Office itself.

Even Pappy Bush stands in line to profit handsomely from his son’s war making. The former president is on retainer with the Carlyle Group, the largest privately held defense contractor in the nation. Carlyle is run by Frank Carlucci, who served as the National Security advisor and Secretary of Defense under Ronald Reagan. Carlucci has his own embeds in the current Bush administration. At Princeton, his college roommate was Donald Rumsfeld. They’ve remained close friends and business associates ever since. When you have friends like this, you don’t need to hire lobbyists..

Bush Sr. serves as a kind of global emissary for Carlyle. The ex-president doesn’t negotiate arms deals; he simply opens the door for them, a kind of high level meet-and-greet. His special area of influence is the Middle East, primarily Saudi Arabia, where the Bush family has extensive business and political ties. According to an account in the Washington Post, Bush Sr. earns around $500,000 for each speech he makes on Carlyle’s behalf.

One of the Saudi investors lured to Carlyle by Bush was the BinLaden Group, the construction conglomerate owned by the family of Osama bin Laden. According to an investigation by the Wall Street Journal, Bush convinced Shafiq Bin Laden, Osama’s half brother, to sink $2 million of BinLaden Group money into Carlyle’s accounts. In a pr move, the Carlyle group cut its ties to the BinLaden Group in October 2001.

SNIP...

In 2002, Carlyle sold off its biggest holding, United Defense. The sale may have been prompted by insider information leaked to Carlucci by his pal Rumsfeld. In early 2001, Carlyle was furiously lobbying the Pentagon to approve contracts for the production of United Defense’s Crusader artillery system, an unwieldy and outrageously expensive super-cannon. Rumsfeld disliked the Crusader and had it high on his hit list of weapon systems to be killed off in order to save money for other big ticket schemes, particularly the Strategic Defense Initiative.

CONTINUED...

http://www.counterpunch.org/2004/05/22/bush-s-crusades-and-the-carlyle-group/

PS: What a coincidence, wot? Thanks, PufPuf23, for grokking.

PS: The more we beef about the BFEE, the more scared they get.