Neil Bush's family values

By Bill Berkowitz
Created Nov 28 2006 - 9:03am

Two years ago, when Neil Bush and his mother, the former first lady Barbara
Bush, were featured guests at a $1,000-a-table fundraiser for the Western
Heights School District in Oklahoma City, proceeds from the event were
specifically earmarked for the purchase of products from Neil's company,
Ignite! Learning. Late last year, when Neil's mom agreed to make a
contribution to a Hurricane Katrina relief foundation for those victims that
had relocated to Texas, she stipulated that her donation had to be used by
local schools to acquire Ignite products.

It must have been a long time ago that Neil Bush, the son of Bush 41 and the
younger brother of Bush 43, discovered that the key to unlocking the
entrepreneurial vault was to take full advantage of the Family. While
entrepreneurial nepotism is as American as apple pie and Thomas Kinkade
paintings, the Bush Family has made it a science.

Over the past two decades, while Neil Bush has made impressive amounts of
money in all sorts of interesting business deals, he has always seemed like
the kid who was caught red-handed throwing chalk at the teacher, got sent to
the principal and yet returned to the classroom unscathed.

These days, with the help of the Saudi Royal Family, a former junk bond
dealer, a Russian mobster, the Rev. Sum Myung Moon, and mom and dad, family
string-pulling is again paying off.

The Los Angeles Times recently reported that Ignite! Learning, headed by
Neil Bush "and partly owned by his parents, is benefiting from Republican
connections and federal dollars targeted for economically disadvantaged
students under the No Child Left Behind Act."

The company has managed to "place its products in 40 U.S. school districts
and now plans to market internationally," the Times reported.

"Interviews and a review of school district documents obtained under the
Freedom of Information Act," by the Los Angeles Times, "found that educators
and legal experts were sharply divided over whether Ignite's products were
worth their cost or qualified under the No Child law."

According to the Times, "Most of Ignite's business has been obtained through
sole-source contracts without competitive bidding. Neil Bush has been
directly involved in marketing the product."

A story about these developments also appeared in a mid-October issue of
BusinessWeek. Headlined "No Bush Left Behind," the magazine reported that
"after five years of development and backing by investors like Saudi Prince
Alwaleed Bin Talal and onetime junk-bond king Michael R. Milken, Neil Bush
aims to roll his high-tech teacher's helpers into classrooms nationwide. He
calls them 'curriculum on wheels,' or COWs. The $3,800 purple plug-and-play
computer/projectors display lively videos and cartoons: the XYZ Affair of
the late 1790s as operetta, the 1828 Tariff of Abominations as horror flick.
The device plays songs that are supposed to aid the memorization of the 22
rivers of Texas or other facts that might crop up in state tests of
'essential knowledge.'

"Bush's Ignite! Inc. has sold 1,700 COWs since 2005, mainly in Texas, where
Bush lives and his brother was once governor. In August, Houston's school
board authorized expenditures of up to $200,000 for COWs. The company
expects 2006 revenue of $5 million. Says Bush about the impact of his name:
'I'm not saying it hasn't opened any doors. It may have helped with some
sales.' (In September, the U.S. Education Dept.'s inspector general accused
the agency of improperly favoring at least five publishers, including The
McGraw-Hill Companies, which owns BusinessWeek. A company spokesman says:
'Our reading programs have been successful in advancing student achievement
for decades; that's why educators hold them in such high regard.')"

According to the Los Angeles Times, "The law provides federal funds to help
school districts better serve disadvantaged students and improve their
performance, especially in reading and math." However, Bush's company "does
not offer reading instruction, and its math program will not be available
until next year."

Unfortunately, the Department of Education "does not monitor individual
school district expenditures under the No Child program, but sets guidelines
that the states are expected to enforce, spokesman Chad Colby said."

Ignite executive Tom Deliganis admitted that "some districts seem to feel
OK" about using No Child money for the Ignite purchases, "and others do
not."

BusinessWeek also pointed out that the Washington Times Foundation, "A
foundation linked to the controversial Reverend Sun Myung Moon has donated
$1 million for a COWs research project in Washington (D.C.)-area schools. In
2004 a Shanghai chip company agreed to give Bush stock then valued at $2
million for showing up at board meetings. (Bush says he received one-fifth
of the shares.) In 1988 a Colorado savings and loan failed while he served
on its board, making him a prominent symbol of the S&L scandal. Neil calls
himself 'the most politically damaged of the [Bush] brothers.'"

The Rev. Moon, Saudi Prince Alwaleed Bin Talal and Milken aren't the only
controversial financial participants. Fugitive Russian billionaire Boris
Berezovsky, who has been accused of having strong tries to the Chechen
mafia, has been an investor in Bush's Ignite! project since at least 2003.

And then, there's mom and dad. The former first lady got herself in a bit of
hot water when she contributed to a Hurricane Katrina relief foundation for
storm victims who had relocated to Texas and stipulated that her donation
had to be used by local schools for purchases of COWs.

"In January 2004," according to the Los Angeles Times, Neil and his mom
"were guests of honor at a $1,000-a-table fundraiser in Oklahoma City
organized by a foundation supporting the Western Heights School District.
Proceeds were earmarked for the purchase of Ignite products."

While Mary Blankenship Pointer, the organizer of the event "said she planned
the event because district students were 'utilizing Ignite courseware and
experiencing great results [and].our students were thriving,' . . . Western
Heights school Supt. Joe Kitchens said the district eventually dropped . . .
Ignite because it disagreed with changes Ignite had made in its products.
'Our interest waned in it,' he said."

In addition to investors and high-powered international connections, Bush
Family ties have provided the sometimes star-crossed Neil with an always
accessible escape route from responsibility. Escape from prison was the
operative term in 1988, when as a director of the Denver, Colorado-based
Silverado Savings and Loan Association Bush presided over a monumental scam
that actually cost taxpayers something north of $1 billion. A Resolution
Trust Corporation suit against Bush and other officers of Silverado was
settled in 1991 -- during the time his father was president -- for $26.5
million. Bush was fined $50,000 and banned from future banking activities.

He managed, however, to avoid going to the hoosegow. Instead, he left the
state for the greener pastures of Texas, and the opportunity to get back on
the entrepreneurial horse.

It would no doubt be difficult, even for the notoriously loyal Bush Family,
to find anyone not concerned by Neil's numerous character flaws; blemishes
that oozed into the public domain when Neil decided to divorce his wife of
23 years, Sharon Bush. The story goes that Neil, in one of the more fetid
"You've Got Mail" moments in recent years, informed Sharon of his intentions
in an e-mail.

The Bush's divorce threatened to spill over into a tell-all book by his
former wife because Neil was being downright tightfisted with the
financials. He ultimately loosened his purse strings and Sharon's book was
shelved.

Nevertheless, the public's right-to-know was advanced -- although some might
argue that it was set back -- when it was revealed in Bush's deposition that
during numerous business trips to Asia, Neil was a serial recipient of
late-night visits by anonymous prostitutes; assignations that he apparently
didn't have to pay for.

In a post dated October 6, Wonkette pointed to several of Neil Bush's
unusual business assignations:

a.. "He earned $2 million from a semiconductor company in China -- owned
by the son of former Chinese president Jiang Zemin -- proving once again the
long-term value of Poppy's years as U.S. ambassador to communist China."
b.. He started up "a new company created just for him with $2.3 million
from Bush Family confidant Louis Marx. Neil burned through that money in two
years and Apex Energy was no more."
c.. "Then he moved on to the Middle East, using Poppy's oil-sheik
connections to get millions from the royalty and politicians of Qatar,
Kuwait, Lebanon, Syria, Dubai and of course Saudi Arabia."
d.. "Neil ran some shadowy Swiss 'ecumenical foundation' [the Foundation
for Interreligious and Intercultural Research and Dialogue] in the 1990s"
with Joseph Ratzinger, now Pope Benedict XVI.
On January 2, 2004, the Associated Press reported, in a story headlined
"Neil Bush makes one-day profit over $170,000," that Neil Bush "made at
least $798,218 on three stock trades in [the Kopin Corp. of Taunton,
Massachusetts] a small U.S. high-tech company where he had been a
consultant, according to his tax returns, including $171,370 buying and
selling the company's shares in a single day."

AP pointed out that "Unlike the ordinary investor who buys at the market
price . . . Bush benefited from the fact that his stock purchase costs in
some cases were minimal because he got a bargain, paying $13 a share when he
exercised stock options that were part of his consulting compensation from
Kopin. The company's stock price was selling for many times that amount
during much of the time Bush was trading. The company granted him 20,000
stock options."

In an e-mail responding to the Los Angeles Times story, Bush said that
Ignite's program had improved the test scores of economically disadvantaged
children and he denied that his family's political connections helped grow
the company.

"As our business matures in the USA we have plans to expand overseas and to
work with many distinguished individuals in Asia, Europe, the Middle East
and Africa," he wrote. "Not one of these associates by the way has ever
asked for any access to either of my political brothers, not one White House
tour, not one autographed photo, and not one Lincoln bedroom overnight
stay."
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"A little patience and we shall see the reign of witches pass over, their
spells dissolve, and the people recovering their true sight, restore their
government to its true principles. It is true that in the meantime we are
suffering deeply in spirit,
and incurring the horrors of a war and long oppressions of enormous public
debt. But if the game runs sometimes against us at home we must have
patience till luck turns, and then we shall have an opportunity of winning
back the principles we have lost, for this is a game where principles are at
stake."
-Thomas Jefferson