Monday, October 23, 2006
Neil signs a $23 million deal with UAE investors in February
With so many Bush scandals and embarrassments over the years it’s hard work to keep track.
Thankfully, a Los Angeles Times report, yesterday, suggests Mr. Perfect (a sibling nickname for the President’s younger brother Neil, occasional source of Bush family blushing) might again dance across newspaper headlines to ankle-bite his already beleaguered litter mate before what is proving to be a historic already scandal-plagued midterm.
The current problem with Neil isn’t a new one or one as salacious as the news from his messy semi-recent divorce from first wife Sharon.
Yesterday’s LA Times headline, sadly for Republican hopes of retaining leadership, plays into the current Republican-themed parade of personal profit from public service.
The personal profit problem is “Ignite! Learning”, an educational software company that is “headed by President Bush's brother [Neil] and partly owned by his parents” and a few Arab (scroll to "Dubai funds Neil Bush") and Chinese investment partners.
According to the Times:
At least 13 U.S. school districts have used federal funds available through …the No Child Left Behind Act of 2001, to buy Ignite's portable learning centers at $3,800 apiece…But Ignite does not offer reading instruction, and its math program will not be available until next year…educators and legal experts were sharply divided over whether Ignite's products were worth their cost or qualified under the No Child law.
Expert opinion from the fact-inistas, as we all truthily know, is highly suspect in “everything changed” pro-bootstrap-pulling America:
Most of Ignite's business has been obtained through sole-source contracts without competitive bidding…Bush's parents joined Neil as Ignite investors in 1999…By 2003, the records show, Neil Bush had raised about $23 million from more than a dozen outside investors, including Mohammed Al Saddah, the head of a Kuwaiti company, and Winston Wong, the head of a Chinese computer firm…Texas accounts for 75% of Ignite's business…In Houston, where Neil Bush and his parents live, the district has used various funding sources to acquire $400,000 in Ignite products. An additional $240,000 in purchases has been authorized in the last six months.