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  • Topplebush.com: A premier collection of articles on Bush and his family, past and present, including many articles on his failures as a businessman and as Governor of TX and President
    to the global economy could grow if the U S budget deficits aren t shrunk The White House has said it expects the budget deficit to expand to a record 475 billion in fiscal 2004 exceeding 4 of the gross domestic product U S Treasury Secretary John Snow on Wednesday described that level as entirely manageable and said the Bush administration expects the deficit to shrink to 2 of GDP within five years But the IMF researchers said that won t be enough to address the government s long term fiscal problems including financing the Social Security and Medicare programs over the next 75 years In their report they said the government faces a 47 trillion shortfall in its ability to pay for those and all other long term obligations Closing that gap would require an immediate and permanent federal tax increase of 60 or a 50 cut in Social Security and Medicare benefits The dollar s recent decline the researchers said suggests that foreign investors are starting to worry about the U S government s ability to resolve its long term fiscal problems The United States is on course to increase its net external liabilities to around 40 of GDP within the next few years an unprecedented level of external debt for a large industrial country they said in the report This trend is likely to continue to put pressure on the U S dollar The IMF report said the ratio of U S public debt to GDP is expected to increase by 15 percentage points over the next decade If that occurred global interest rates adjusted for inflation would rise by an average of 0 5 to 1 percentage point Higher borrowing costs abroad would mean that adverse effects of U S fiscal deficits would spill over into global investment and output the report said Congress and the White House can avert those dangers by acting immediately to balance the budgets the researchers estimated Allowing the recent tax cuts to expire by 2013 would reduce the budget shortfall by nearly half The researchers also said Congress should consider a tax on energy consumption arguing that it would help meet the administration s environmental objectives while also providing substantial support for fiscal consolidation Such tax increases they calculated would have a minimal effect on U S economic growth Copyright 2004 Dow Jones Company Inc All Rights Reserved Fair Use Notice This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner We are making such material available in our efforts to advance understanding of environmental political economic democratic domestic and international issues etc We believe this constitutes a fair use of any such copyrighted material as provided for in section 107 of the US Copyright Law In accordance with Title 17 U S C Section 107 the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and

    Original URL path: http://www.topplebush.com/article103_recpres.shtml (2016-02-13)
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  • Topplebush.com: A premier collection of articles on Bush and his family, past and present, including many articles on his failures as a businessman and as Governor of TX and President
    two volume work The Origins of the Korean War Korea was a Japanese colony from 1910 to 1945 As the Japanese prepared to surrender to the Allies they did what they did elsewhere in Asia they turned over power to local people in the hope that the western powers wouldn t colonize or continue to colonize Asian nations One of the principle outcomes of the Pacific War was that it indeed helped produce the end of colonial administrations in the Philippines Indonesia Vietnam Laos Cambodia Burma Malaysia etc Leaders of self governing people s committees opposed to Japanese occupation formed the Korean People s Republic in Seoul on September 6 1945 It had a broad based leadership ranging from right to left When Lieutenant General John R Hodge leader of the U S occupation of Korea arrived in Inchon soon thereafter he ordered Japanese authorities to remain at their posts refused to acknowledge the newly formed republic and indeed even banned all reference to it The U S would be in charge of what was seen as a defeated enemy nation This attitude produced widespread resentment and resistance in Korea Compare contemporary occupied Iraq 2 As the war was drawing to an end the Soviet allies of the U S advocated independence for a unified Korea as soon as possible Truman for his part suggested a trusteeship of decades citing the case of the Philippines The Soviets by prior arrangement in the closing days of the war declared war on Japan and moved troops into Manchuria Korea and islands north of Hokkaido They could easily have seized the entire Korean peninsula Instead they consulted with the U S State Department and agreed to pause at the 38th parallel where they awaited the arrival of U S forces to accept the Japanese surrender in the peninsula s southern half Rather accommodating behavior I d say The Red Army handed power over to the Korean Workers Party headed by Kim Il sung a legendary guerrilla leader who had fought the Japanese in Manchuria where there is a large ethnic Korean population 3 In the South U S Occupation authorities installed Korean nationalist leader Syngman Rhee as president His dictatorial rule met with resistance from the people s committees which while quite independent sympathized with the leadership in the north That leadership demanded the reunification of the peninsula and withdrawal of foreign troops but U S authorities noting the North was becoming part of an expanding communist bloc became committed to the establishment of a separate South Korean republic This like then occupied Japan and Chiang Kai shek s Republic of China would maintain an anti communist alliance with the U S Following the collapse of U S Soviet negotiations about Korean reunification the Republic of Korea was formed in the south and the Democratic People s Republic of Korea in the north in May 1948 The Soviets withdrew their troops from the peninsula the U S continues to this day to maintain a large force in the south Washington s man Rhee was overthrown in a student led uprising following a rigged election in 1960 4 On June 25 1950 North Korean forces crossed the 38th parallel in an effort to establish Pyongyang s control over the whole peninsula They took Seoul three days later easily They met with little resistance from their southern compatriots and indeed found much support But the U S was not prepared to see the reunification of Korea on Pyongyang s terms With some support from its allies and the fig leaf of U N authorization the Soviet ambassador was absent when the Security Council vote was taken and Chiang Kai shek s regime on Taiwan held the China seat it counter attacked As U S troops approached the Yalu River the natural border between Korea and China forces from the newly established People s Republic came to the assistance of DPRK forces doing much damage to the overextended Americans The war ended in a stalemate after the death of about four million people three years later The pre war border has been maintained under armistice conditions North Korea continues to insist that the South is occupied by the U S and that the U S has thwarted the reunification desired by all Koreans Historically the U S official position has been that South Korea is a democracy even under successive brutal dictatorships those of Rhee Park Chung hee Chun Doo hwan etc while the North is an evil totalitarian communist state Vice President Cheney s position as noted above is that North Korea must be defeated and only following that defeat reconnected with the good pro American capitalist democratic South 5 The South is an economic powerhouse today its GDP is double that of the Netherlands But it is subject to crises like that of 1997 and it is of course dependent on international capital and can t have a really independent foreign policy The South Korean economy becomes increasingly globalized and under foreign control The North Korean economy meanwhile is in miserable shape While Pyongyang long pursued officially the policy of juche self reliance it was badly hit by the implosion of the USSR and collapse of its bloc Natural disasters like the 1996 floods that destroyed most of the rice crop have caused homelessness and starvation But should any aver that this fate is the inevitable result of the North Korean system itself Cumings notes that in 1980 infant mortality in the north was lower than in the south Life expectancy was higher Per capita energy usage was double that in the south Boston Globe Dec 21 2003 6 Of the two Koreas the first to begin a systematic effort to acquire nuclear weapons was the South Park Chung hee s regime was obliged to abandon its nuclear program under quiet pressure from the Carter administration in the 1970s The North Koreans may have produced two nuclear weapons by 1992 In 1994 the Clinton

    Original URL path: http://www.topplebush.com/article104_recpres.shtml (2016-02-13)
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  • Topplebush.com: A premier collection of articles on Bush and his family, past and present, including many articles on his failures as a businessman and as Governor of TX and President
    make up about 60 percent of Iraq s 25 million people Several U S officials acknowledged al Sistani is unlikely to be rolled as one put it As a result Bremer s plan for restoring Iraqi sovereignty and ending the U S occupation by on schedule is in peril The Bremer plan negotiated with the U S installed Iraqi Governing Council calls for caucuses in Iraq s 18 provinces to choose the interim national assembly which in turn would select Iraq s first post Saddam government The first direct elections wouldn t be held until the end of 2005 In an interview with Knight Ridder yesterday a top cleric in the Shiite holy city of Najaf appeared to confirm the fears of potential civil war Everything has its own time but we are saying that we don t accept the occupiers getting involved with the Iraqis affairs said Sheikh Ali Najafi whose father Grand Ayatollah Bashir al Najafi is along with al Sistani one of the four most senior clerics I don t trust the Americans not even for one blink If the United States went ahead with the caucus plan and ended the military occupation the interim government wouldn t last he said The Iraqi people would know how to deal with those people he said smiling They would kick them out U S and British officials hinted yesterday that they might bow to the demand for some kind of elections after saying for weeks that holding free and fair elections in time for the handover of sovereignty would be impossible We ve always favored elections Defense Secretary Donald Rumsfeld said after he and other top Bush aides briefed senators The only question is the tension was if your goal is to get sovereignty passed to the Iraqis so that they feel they have a stake in their future can you do it faster with caucuses or can you do it faster with elections Rumsfeld was responding to comments by British Foreign Secretary Jack Straw who opened the door yesterday to elections in Iraq earlier than planned The discussion which has been stimulated by Ayatollah Sistani is whether there could be an element of elections injected into the earlier part of the process Straw said at the World Economic Forum in Davos Switzerland We have to work with great respect for him and similar leaders We want elections as soon as it is feasible to hold them State Department officials said no changes to the Bremer plan are being considered formally They said much depends on the findings of a U N assessment team that the Bush administration has asked U N Secretary General Kofi Annan to send to examine the feasibility of elections One option being discussed informally is to delay the transfer of power until later in 2004 which might give the United Nations time to organize some sort of elections one official said But that is almost certain to be opposed by White House political aides

    Original URL path: http://www.topplebush.com/article105_recpres.shtml (2016-02-13)
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  • Topplebush.com: A premier collection of articles on Bush and his family, past and present, including many articles on his failures as a businessman and as Governor of TX and President
    the war began in which Bush showed little interest in debating what to do about Hussein and told a group of Senators expletive Saddam We re taking him out Weeks later Vice President Cheney separately told a group of Senators that The question was no longer if the U S would attack Iraq he said The only question was when But months later the president was still telling the public I hope this will not require military action Key staff at the State Department normally responsible for diplomacy were finally told of the administration s plans to go to war in July 2002 at least four months after the administration started prepping members of Congress Fair Use Notice This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner We are making such material available in our efforts to advance understanding of environmental political economic democratic domestic and international issues etc We believe this constitutes a fair use of any such copyrighted material as provided for in section 107 of the US Copyright Law In accordance with Title 17 U S C Section 107 the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes For more information go to http www law cornell edu uscode 17 107 shtml If you wish to use copyrighted material from this site for purposes of your own that go beyond fair use you must obtain permission from the copyright owner 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39

    Original URL path: http://www.topplebush.com/article106_recpres.shtml (2016-02-13)
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  • Topplebush.com: A premier collection of articles on Bush and his family, past and present, including many articles on his failures as a businessman and as Governor of TX and President
    of Salt Lake City This is a classic case of the Bush administration helping its campaign contributor friends at the expense of public health said Frank O Donnell executive director of the Clean Air Trust a Washington based environmental group Huntsman spokesman Don Olsen echoing comments by other MTBE producers said We were not a huge campaign contributor and this has absolutely nothing to do with campaign donations It has to do with good public policy The industry says it has become a victim in a Washington power struggle Because of MTBE there has been a marked improvement in air quality and reduction in toxics in the air Olsen said Because of leaking underground storage tanks in some relatively few instances MTBE found its way into places it shouldn t be But that has nothing to do with the product which has done exactly what it was designed to do Said Valero Energy spokeswoman Mary Rose Brown It would have been impossible to fulfill the requirements of the Clean Air Act without MTBE A daily Washington newsletter disclosed the existence of the draft rule shortly after Bush s inauguration outside the industry few people noticed At the direction of White House chief of staff Andrew Card and Mitch Daniels then the White House s budget director all government agencies withdrew their pre Inauguration Day draft regulations The EPA withdrew agency rules including the MTBE one in mid February 2001 White House budget office spokesman Chad Kolton said In subsequent months agencies rewrote many Clinton era regulatory proposals and went public with them The proposed MTBE regulation however never surfaced As legislation looked more promising in 2002 and 2003 we focused our energies on supporting language in the Senate s energy bill Jeffrey Holmstead the EPA s assistant administrator for air quality said in a statement Friday We have not ruled out the possibility of seeking a solution by regulation Holmstead said The EPA favors a phaseout of MTBE through legislation But the legislation has stalled and it no longer calls for a ban in four years Sen John Kerry of Massachusetts the front runner for the Democratic presidential nomination issued a statement Sunday calling the MTBE matter a case of the Bush administration yet again putting special interests over America s interest He pledged to take on the big oil and gas companies and fight for clean water and a clean environment Rep Henry Waxman D Calif said If the White House had not rejected this regulation MTBE would be virtually eliminated by now and our groundwater would be protected Waxman is the ranking Democrat on the House Government Reform Committee On their own 17 states banned the additive and dozens of communities are suing the oil industry Nobody s talking about the trial lawyers campaign contributions to their supporters in Congress and its the trial lawyers who are the force behind these unjustified lawsuits said Brown of Valero Energy To regulate MTBE the EPA would have to use the

    Original URL path: http://www.topplebush.com/article107_recpres.shtml (2016-02-13)
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  • Topplebush.com: A premier collection of articles on Bush and his family, past and present, including many articles on his failures as a businessman and as Governor of TX and President
    and the president just listening It was mostly a monologue O Neill is described as the principal source for the new book The Price of Loyalty being published by Simon and Schuster and written by Ron Suskind a former reporter for The Wall Street Journal In addition to interviews with O Neill Suskind drew on 19 000 documents O Neill provided according to CBS which said Suskind also interviewed dozens of Bush insiders to flesh out his account of the administration s first two years Asked about O Neill s comment about a disengaged president White House spokesman Scott McClellan told reporters Friday I think it s well known the way the president approaches governing and setting priorities The president is someone that leads and acts decisively on our biggest priorities and that is exactly what he ll continue to do Asked about the administration s opinion of the upcoming book McClellan said I don t do book reviews O Neill the former head of aluminum giant Alcoa did not immediately respond to phone messages from The AP left at his office in Pittsburgh But in an interview with the Pittsburgh Post Gazette O Neill said he hoped his inflammatory comments did not overshadow the substantive issues he discusses in the book If the red meat taken out of context is all that people get out of this book it will be a huge disappointment to me he said Ideally this book will cause people to stop and think about the current state of our political process and raise our expectations for what is possible O Neill gained a reputation during his two years in the Bush Cabinet for frequently shooting from the lip with incendiary comments that shook up financial markets and antagonized Wall Street O Neill said he was just trying to discuss complicated public policy issues in greater depth than the television sound bites so often used by the typical Washington politicians O Neill was fired in December 2002 when Bush shook up his economic team in search of better salesmen for a new round of tax cuts the president hoped would stimulate a sluggish economy O Neill had publicly questioned the need for another round of tax cuts in light of the growing budget deficits He was replaced by John Snow former head of CSX Corp who became a staunch advocate for new tax cuts which Bush signed into law in May Fair Use Notice This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner We are making such material available in our efforts to advance understanding of environmental political economic democratic domestic and international issues etc We believe this constitutes a fair use of any such copyrighted material as provided for in section 107 of the US Copyright Law In accordance with Title 17 U S C Section 107 the material on this site is distributed without profit to those who have expressed a prior interest

    Original URL path: http://www.topplebush.com/article108_recpres.shtml (2016-02-13)
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  • Topplebush.com: A premier collection of articles on Bush and his family, past and present, including many articles on his failures as a businessman and as Governor of TX and President
    National Security Advisor Condoleezza Rice Richard Clarke former counterterrorism czar 10 Specifically what did you learn from the August 6 2001 PDB about the terrorist threat that was facing our nation Did you request any follow up action to take place Did you request any further report be developed and or prepared 11 As Commander in Chief from May 1 2001 until September 11 2001 did you receive any information from any intelligence agency official or agent that UBL was planning to attack this nation on its own soil using airplanes as weapons targeting New York City landmarks during the week of September 11 2001 or on the actual day of September 11 2001 12 What defensive measures did you take in response to pre 9 11 warnings from eleven nations about a terrorist attack many of which cited an attack in the continental United States Did you prepare any directives in response to these actions If so with what results 13 As Commander in Chief from May 1 2001 until September 11 2001 did you or any agent of the United States government carry out any negotiations or talks with UBL an agent of UBL or al Qaeda During that same period did you or any agent of the United States government carry out any negotiations or talks with any foreign government its agents or officials regarding UBL If so what resulted 14 Your schedule for September 11 2001 was in the public domain since September 7 2001 The Emma E Booker School is only five miles from the Bradenton Airport so you and therefore the children in the classroom might have been a target for the terrorists on 9 11 What was the intention of the Secret Service in allowing you to remain in the Emma E Booker Elementary School even though they were aware America was under attack 15 Please explain why you remained at the Sarasota Florida Elementary School for a press conference after you had finished listening to the children read when as a terrorist target your presence potentially jeopardized the lives of the children 16 What was the purpose of the several stops of Air Force One on September 11th Was Air Force One at any time during the day of September 11th a target of the terrorists Was Air Force One s code ever breached on September 11th 17 Was there a reason for Air Force One lifting off without a military escort even after ample time had elapsed to allow military jets to arrive 18 What prompted your refusal to release the information regarding foreign sponsorship of the terrorists as illustrated in the inaccessible 28 redacted pages in the Joint Intelligence Committee Inquiry Report What actions have you personally taken since 9 11 to thwart foreign sponsorship of terrorism 19 Who approved the flight of the bin Laden family out of the United States when all commercial flights were grounded when there was time for only minimal questioning by the FBI and

    Original URL path: http://www.topplebush.com/article109_recpres.shtml (2016-02-13)
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  • Topplebush.com: A premier collection of articles on Bush and his family, past and present, including many articles on his failures as a businessman and as Governor of TX and President
    in the field And Halliburton s pipeline work is covered under a law passed by Bush on May 22 that indemnifies the entire oil industry from any attachment judgment decree lien execution garnishment or other judicial process But with bidding now starting on Iraq s state owned firms and foreign banks ready to open branches in Baghdad the insurance issue is suddenly urgent Many of the speakers admit that the economic risks of going into Iraq without coverage are huge Privatized firms could be renationalized foreign ownership rules could be reinstated and contracts signed with the CPA could be torn up Normally multinationals protect themselves against this sort of thing by purchasing political risk insurance Before he got the top job in Iraq this was Bremer s business selling political risk expropriation and terrorism insurance at Marsh McLennan Companies the largest insurance brokerage firm in the world Yet in Iraq Bremer has overseen the creation of a business climate so volatile that private insurers including his old colleagues at Marsh McLennan are simply unwilling to take the risk Bremer s Iraq is by all accounts uninsurable The insurance industry has never been up against this kind of exposure before R Taylor Hoskins vice president of Rutherford International insurance company tells the delegates apologetically Steven Sadler managing director and chairman at Marsh Industry Practices a division of Bremer s old firm is even more downbeat Don t look to Iraq to find an insurance solution Interest is very very very limited There is very limited capacity and interest in the region It s clear that Bremer knew Iraq wasn t ready to be insured When he signed Order 39 opening up much of Iraq s economy to 100 percent foreign ownership the insurance industry was specifically excluded I ask Sadler a Bremer clone with slicked back hair and bright red tie whether he thinks it s strange that a former Marsh McLennan executive could have so overlooked the need for investors to have insurance before they enter a war zone Well he says he s got a lot on his plate Or maybe he just has better information Just when the mood at ReBuilding Iraq 2 couldn t sink any lower up to the podium strides Michael Lempres vice president of insurance at the Overseas Private Investment Corporation OPIC With a cool confidence absent from the shellshocked proceedings so far he announces that investors can relax Uncle Sam will protect them A US government agency OPIC provides loans and insurance to US companies investing abroad And while Lempres agrees with earlier speakers that the risks in Iraq are extraordinary and unusual he also says that OPIC is different We do not exist primarily to generate profit Instead OPIC exists to support US foreign policy And since turning Iraq into a free trade zone is a top Bush policy goal OPIC will be there to help out Earlier that same day President Bush signed legislation providing the agency with enhancements to its political risk insurance program according to an OPIC press release Armed with this clear political mandate Lempres announces that the agency is now open for business in Iraq and is offering financing and insurance including the riskiest insurance of all political risk This is a priority for us Lempres says We want to do everything we can to encourage US investment in Iraq The news as yet unreported appears to take even the highest level delegates by complete surprise After his presentation Lempres is approached by Julie Martin a political risk specialist at Marsh McLennan Is it true she demands Lempres nods Our lawyers are ready I m stunned Martin says You re ready No matter who the government is We re ready Lempres replies If there s an expro priation on January 3 we re ready I don t know what we re going to do if someone sinks a billion dollars into a pipeline and there s an expro Lempres doesn t seem too concerned about these possible expros but it s a serious question According to its official mandate OPIC functions on a self sustaining basis at no net cost to taxpayers But Lempres admits that the political risks in Iraq are extraordinary If a new Iraqi government expropriates and re regulates across the board OPIC could be forced to compensate dozens of US firms for billions of dollars in lost investments and revenues possibly tens of billions What happens then At the Microsoft sponsored cocktail reception in the Galaxy Ballroom that evening Robert Dees urges us to network on behalf of the people of Iraq I follow orders and ask Lempres what happens if the people of Iraq decide to seize back their economy from the US firms he has so generously insured Who bails out OPIC In theory he says the US Treasury stands behind us That means the US taxpayer Yes them again The same people who have already paid Halliburton Bechtel et al to make a killing on Iraq s reconstruction would have to pay these companies again this time in compensation for their losses While the enormous profits being made in Iraq are strictly private it turns out that the entire risk is being shouldered by the public For the non US firms in the room OPIC s announcement is anything but reassuring Since only US companies are eligible for its insurance and the private insurers are sitting it out how can they compete The answer is that they likely cannot Some countries may decide to match OPIC s Iraq program But in the short term not only has the US government barred companies from non coalition partners from competing for contracts against US firms it has made sure that the foreign firms that are allowed to compete will do so at a serious disadvantage The reconstruction of Iraq has emerged as a vast protectionist racket a neocon New Deal that transfers limitless public funds in contracts loans and insurance to private

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