Older Bush no longer part of Carlyle Group

[NVMojo]

Chris Ullman, spokesman for The Carlyle Group, said former President George H.W. Bush is no longer affiliated with the international investment group.

Carlyle recently acquired the Wheatland Tube Co., a company that sent layoff notices to 125 hourly employees and 15 salaried employees at its plant in Sharon, Pa., on Friday.

The layoffs at Wheatland are likely to affect employment at Wheeling-Pittsburgh Steel in Wheeling and Mittal USA in Weirton, whose mills provide raw steel materials for Wheatland.

Ullman said, “The layoffs were a direct result of President Bush not signing a 421 petition to impose quotas on Chinese steel.

snip...

“The Bush administration decided not to invoke that relief. Wheatland is the first victim of pipe and tube imports from China, allowed to come into this country without any type of control at all,” Gossett said.

“I think George W. Bush will be remembered for a senseless war and the decimation of the industrial heartland of this country. We are seeing the steel industry and the auto industries downsize. The textile industry has already been downsized.

“We will become a service nation of minimum-wage employees. We have the ‘haves’ and the ‘have-nots.’ The ‘have-nots’ will continue to grow in number.”

more...

http://wvgazette.com/section/Business/2006032917

[LiberalinNC]

1. Am I supposed to be proud of he for stepping down, seeing that he didn't

sign a petition to impose quotes on Chinese steel....Fuck him!

[NVMojo]

2. it's funny how they justify things!

[apnu]

3. what a strange lead

The lead of the story has absolutely nothing to do with the story itself. Which seems to be about Junior reaping the "rewards" of his inaction and lame policies.

Why Poppy is mentioned at all (and got the headline to boot) is bizarre.

[cliss]

9. That's what I thought, too.

I couldn't figure out what they were trying to say -- were they trying to link Junior Bush with Carlyle's problems?

Or the economy in general?

This is bizarre.

*The fact that they're saying anything, is bizarre to me. And if they're criticizing George II means they're not on good terms with George I. Like Father like son....

[Mnemosyne]

4. Sure he isn't and he isn't a member of PNAC either. n/t

[dchill]

5. I don't think that Ullman is being wholly sincere...

Perhaps Herbert Walker no longer sits on the Carlyle board, but my guess is that whatever Herbie wants, Carlyle gets...

I think that in a larger sense, the "Older Bush" will always be "part of Carlyle Group." The younger Bush, too.

Ullman said, “The layoffs were a direct result of President Bush not signing a 421 petition to impose quotas on Chinese steel.

Hmmm... Who says that the newly-minted Carlyle-Wheatland company won't become a distributor of cheap imported Chinese steel tubes - at a significant markup, of course. It's just a slick way of exporting American jobs at a high profit to those who already have too much. They'll probably get a huge tax break to stay in Sharon, too. (I live about 15 miles from there.)

[TomInTib]

6. GHWB never was anything but a face for Carlyle

The power at Carlyle is Baker and Carlucci, just as it was during GHWB's stay in the WH.

People give the Bushes WAY too much credit and impact. They are just the useful tools they have always been.

[shain from kane]

7. Still a member with his son in the Calculating Liars Group. n/t

[IthinkThereforeIAM]

8. Poppy stepped down long ago...

... when his last ditch effort to chat with Putin resulted in Khordovsky of Yukos Oil being jailed and the deal to pump Russian oil to Israel via Exxon/Mobil fell through. This was a year and a half ago or more, in October/November.

[RUMMYisFROSTED]

10. Tell me another one, Paul.

IOW: "Yeah, right."




ETA: Poppy is part of the matrix of Carlyle and all the other 'Garchs. Removing himself from the public lens of any company he's associated with in no way changes the his influence dynamic. For public appearances they'll stick someone like J Baker III in there until the "heat" cools off. The piece moving on the board continues unabated.

[cosmicdot]

11. monetarily or physically?

or is Poppy's money really in the Blackstone Group???