Bush's "war for oil" not so profitable for Bush

[ericire12]

http://www.washingtonpost.com/wp-dyn/content/article/2008/05/15/AR2008051503534.html

Bush May Have Lost Wealth During Presidency
   
By Dan Eggen
Washington Post Staff Writer
Friday, May 16, 2008; Page A05

President Bush's financial fortunes appear to have declined over the past seven years, with his family assets dropping as low as $6.5 million, according to disclosure forms released yesterday.

Bush and his wife, Laura, were worth at least $9 million and as much as $24 million at the start of his term.

President Bush's biggest asset is a 1,600-acre family ranch near Crawford, Tex., which is listed as being worth between $1 million and $5 million. Most of the Bush family holdings are in real estate and a blind trust.

The annual financial disclosure forms filed with the ethics office report assets and income figures in wide categories, making it impossible to determine exact figures on wealth.

[twyacht]

Remember Tony Snow? and why he left, MONEY. You can make more money in the private sector, than a Gov. employee.

Although the health benefits and pension plan we common citizenry can't have would be nice.

[jaybet]

Remember Tony Snow? and why he left, MONEY. You can make more money in the private sector, than a Gov. employee.

Although the health benefits and pension plan we common citizenry can't have would be nice.

Can't prove it by me. They all seem to be doing a LOT better than I am in the private sector.

[TexGun]

When you consider the millions he will make after he leaves office, you can bet he could care less about his current net worth.  As for the "blind trust", i can guarantee you that 6.5 million is just a drop in the bucket.

[CurrieS103]

He'll most likely get into oil futures since his policies and actions drove it up. 

[Sponsor]

[Rastus]

Jaybethel...you are exactly right.  The servants seem to be doing better than those served.  For key positions, sure..they do better than in the government..but for average Joe the government payroll, insurance and retirement looke really good right now.

If he, Bush, lost money it was because he didn't see the ill effects of turning the dollar into a peso...$1.55 or so to a Euro now...back a ways it was one for one...or even better one dollar for an Euro and change.  So...If you are an arab country and you are paid in $'s (oil is traded in $'s) and back when it was one for one you got a $ and spent it on a Euro's worth of food in Europe...all was well...now when you get a $ you only get about 64% of the food you used to get with a $...so what do you do, what would you do?  I hate the high oil price, but the $ has got to be fixed or the price won't come down.

[ericire12]

Jaybethel...you are exactly right.  The servants seem to be doing better than those served.  For key positions, sure..they do better than in the government..but for average Joe the government payroll, insurance and retirement looke really good right now.

If he, Bush, lost money it was because he didn't see the ill effects of turning the dollar into a peso...$1.55 or so to a Euro now...back a ways it was one for one...or even better one dollar for an Euro and change.  So...If you are an arab country and you are paid in $'s (oil is traded in $'s) and back when it was one for one you got a $ and spent it on a Euro's worth of food in Europe...all was well...now when you get a $ you only get about 64% of the food you used to get with a $...so what do you do, what would you do?  I hate the high oil price, but the $ has got to be fixed or the price won't come down.

Bullseye!

The pound is worth approx $2

[CurrieS103]

I was in Europe when they switched to the Euro.  It was amazing the steady decline of the $US once it took a foothold.  Store owners in Italy used to take $US but after it got close to 1 to 1...forget it.