As the Bush World Turns

One of the questions about the Bush National Guard service which I’ve never gotten a clear explaination on is why he failed to take the annual medical examination. His expensive flight training all went for naught because he didn’t take a physical. Strange.
Bush wasn’t the only pilot in his outfit to be grounded. Via Atrios there’s a a document posted which indicates that a James R. Bath was also suspended from flying . . . for failing to take a medical examination.
Was it a coincidence that Bush and Bath both declined physicals? I don’t know. But this wouldn’t be the last time the two would be linked:

In June 1977, Dubya formed his own drilling company, Arbusto Energy (“arbusto” means “bush” in Spanish), in Midland, Texas. Like his father before him, Dubya founded his oil business with the financial backing of investors, including James R. Bath, a Houston businessman whom Dubya apparently first met when they were in the same Texas Air National Guard unit. (Interestingly, both Dubya and Bath were both suspended from flying in August and September 1972, respectively, for “failure to accomplish annual medical examination.”)
Tax documents and other financial records show that Bath, an aircraft broker with controversial ties to Saudi Arabia sheiks, had invested $50,000 in Arbusto, granting him a 5 percent interest in two limited partnerships controlled by Dubya.
Time magazine described Bath in 1991 as “a deal broker whose alleged associations run from the CIA to a major shareholder and director of the Bank of Credit & Commerce.” BCCI, as it was more commonly known, closed its doors in July 1991 amid charges of multibillion-dollar fraud and global news reports that the financial institution had been heavily involved in drug money laundering, arms brokering, covert intelligence work, bribery of government officials and�here’s the kicker�aid to terrorists.
Bath was never directly implicated in the BCCI scandal, but according to The Outlaw Bank, an award-winning 1993 book by Time correspondents, Jonathan Beaty and S.C. Gwynne, Bath originally “made his fortune by investing money for [Sheikh Kalid bin] Mahfouz and another BCCI-connected Saudi, Sheikh bin Laden,” reportedly the brother of none other than Osama bin Laden, the man accused by the U.S. government of masterminding the August 1998 terrorist bombings of the American embassies in Kenya and Tanzania which killed more than 250 people.
According to court documents, Bath swore that in 1977 he represented four prominent and wealthy Saudi Arabians as a trustee and used his name on their investments in the United States. In return, he received a 5 percent interest in their deals. Time reporters Beaty and Gwynne suggest in their book that the $50,000 Bath invested in Dubya’s Arbusto Energy drilling company may have belonged to Bath’s Saudi clients since the Houston businessman “had no substantial money of his own at the time.”
. . .
So, folks, the Middle Eastern oil money used to underwrite the first business venture of our future president of the United States, may have been derived at least in part from the family fortune of Saudi terrorist Osama bin Laden.

Granted, this stuff took place before the bin Laden name became synonymous with terrorism, but it does highlight the ties between the Bush family, the bin Ladens, and the Saudis power structure.
Who was it that was whisked out of America right after 9/11? Which country was redacted out of the Congressional 9/11 report?
Oh yeah.

Science Marches On

A stem cell first:

South Korean and American scientists have cloned human embryos and successfully extracted stem cells from one of them. The research opens the way for once-undreamed of treatments for long-term diseases such as diabetes, Parkinson’s and Alzheimer’s. It also reignites the simmering debate about human cloning.

Where were the American scientists doing this?
In South Korea, courtesy of the Bush administration restrictions on stem cell research.
Do I hear the giant sucking sound of U.S. brainpower leaving America?

Congress Looking Out for You

Hardly anyone would have paid attention to the “Economic Report of the President,” released earlier this week, except that it asserted that U.S. job outsourcing is a “good thing.” That apparently hasn’t played well in the heartland. How do we know?

A group of Democratic senators led by Sen. Hillary Rodham Clinton of New York introduced a nonbinding sense of the Senate resolution on Wednesday taking the administration to task for Mankiw’s comments.

Ahh yes. One of those meaningful “sense of the Senate resolutions.” That’ll teach them!
Really, I think most people managed to figure out they didn’t like about the report without the Senate’s help.

Inflation

Zimbabwe’s got it:

Zimbabwe’s official rate of inflation, which dropped 20.8 points in December, came in at a new high of 622.8 percent in January compared with the year earlier, according to government statistics.
The Central Statistical Office (CSO) figures showed that the rate of inflation jumped 24.1 points from 598.7 percent in December. In November inflation had stood at 619.5 percent.
The rate remains one of the highest in the world, translating to almost three times the January 2003 rate of 208.1 percent.
Former Finance Minister Herbert Murerwa in November predicted the southern African country’s inflation rate would hit 700 percent in the first three months of this year before climbing down.

If you’ve got all you’re money in fixed-rate Zimbabwe bonds (if there is such a thing), you’re probably not fairing so well.

Texas Souffl�

Ha Ha:

But the Blue Haired Platoon, a group of older women campaigning for Blount, referred to Junior [George W. Bush] as “the Texas souffl�” because he was “all puffed up and full of hot air.”

Some things haven’t changed very much, have they?