Just to be clear...

Company's Work in Iraq Profited Bush's Uncle

WASHINGTON — The Iraq (news - web sites) war helped bring record earnings to St. Louis-based defense contractor Engineered Support Systems Inc., and new financial data show that the firm's war-related profits have trickled down to a familiar family name — Bush.

William H.T. "Bucky" Bush, uncle of the president and youngest brother of former President George H.W. Bush, cashed in ESSI stock options last month with a net value of nearly half a million dollars.

"Uncle Bucky," as he is known to the president, is on the board of the company, which supplies armor and other materials to U.S. troops. The company's stock prices have soared to record heights since before the invasion, benefiting in part from contracts to rapidly refit fleets of military vehicles with extra armor.

William Bush exercised options on 8,438 shares of company stock Jan. 18, according to reports filed with the U.S. Securities and Exchange Commission (news - web sites). He acknowledged in an interview that the transaction was worth about $450,000.

In an earnings report issued Tuesday, the firm disclosed that net earnings for the first quarter ending Jan. 31 reached a record $20.6 million, while quarterly revenue hit $233.5 million, up 20% from a year ago. As a result, the company boosted its projected annual revenue to between $990 million and $1 billion.

http://news.yahoo.com/news?tmpl=story&cid=2026&u=/latimests/companysworkiniraqprofitedbushsuncle&printer=1

---Ol' Bucky don't call the 202 area code...but georgie spends most of his time in TEXAS....As I have said before...The Bush family fortunes are ALL ABOUT two things...OIL..and DEFENSE CONTRACTS....Funny cause thats the base of the bin Laden family fortunes as well...It is very profitable for BOTH FAMILIES that there is ,right now, a war raging over the second largest oil reserve on earth....When the Towers were being attacked GHW Bush was sitting in the SAME ROOM with a bin Laden brother... And his son STOOD DOWN the US MILITARY.....Trillions are missing...WAKE THE HELL UP AMERICA.....The enemy within is far more lethal than any we will ever face any where else. TREASON has been committed. And so far, not one person has been held accountable for so much death and lies.----