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Reply #3: Wanna know where America's jobs went? President's uncle shares Bush family ties to China. [View All]

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Octafish Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-05-08 12:49 AM
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3. Wanna know where America's jobs went? President's uncle shares Bush family ties to China.
Anyone wondering where DID all those high-paying American manufacturing jobs go to?





President's uncle shares Bush family ties to China

By Debbie Howlett, USA TODAY
02/18/2002 - Updated 10:33 PM ET

CHICAGO When President Bush arrives in Beijing on Thursday, he'll embrace a policy that's something of a family tradition.

Bush's approach centers on promoting U.S.-China economic ties. That's a course favored not only by his father, the first President Bush, but also by his uncle, Prescott Bush Jr., a longtime acquaintance of Chinese President Jiang Zemin.

The Bush family's ties to China go back to 1974, when President Nixon named George Bush ambassador to China. The college-age George W. Bush spent two months in China visiting his parents during his father's two-year stint.

Seven years after his brother left the ambassadorial post, Prescott Bush made his first trip to China. He later joined with Japanese partners in 1988 to build a golf course in Shanghai, the first in China. He met Jiang, who was then the mayor of Shanghai.

Prescott Bush, now 79, also developed a close working relationship with Rong Yiren, a former trade minister and vice president, who in 1993 introduced Bush to a group of Chinese business leaders as "an old friend." In 2000, Forbes publications reported that Rong, who has retired from government, was the richest man in China.

The president's uncle concedes that he sometimes relied on his name to open doors, but he says any deals he made were the result of his own hard work.

SNIP...

Last year, he opened the U.S.-China Chamber of Commerce offices in Chicago. The membership roster includes United Airlines, American Express, McDonald's, Ford and Arthur Andersen, the beleaguered company that audited Enron's books.

Bush says opportunities abound now that the 1997-98 Asian financial crisis is in the past: "The Chinese are very much interested in getting foreign capital in. They desperately need the jobs."

CONTINUED...

http://www.usatoday.com/news/washington/2002/02/19/usat...



You're very welcome, wildbilln864! Thanks for the kick to the pimply backsides of the BFEE!

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