News and Document archive source
copyrighted material disclaimer at bottom of page

NewsMinecabal-elitew-administrationbig-money — Viewing Item

Bush aids finances detailed { June 16 2003 }

Original Source Link: (May no longer be active)

Bush Aides' Finances Detailed in Reports

The Associated Press
Monday, June 16, 2003; 9:16 PM

WASHINGTON - Except for top economic adviser Stephen Friedman, members of President Bush's inner circle are not rich, although most are better off than the majority of Americans, financial disclosure reports showed Monday.

Top political adviser Karl Rove earns money from serving up muffins as well as political advice. He owns the River Oaks Lodge Bed and Breakfast in Ingram, Texas, which earned him between $50,001 and $100,000 last year. He also has mutual funds worth $700,000 to over $1.6 million.

White House press secretary Ari Fleischer received two expensive tickets to a Washington Wizards basketball game from Defense Secretary Donald Rumsfeld, a value of $480. This more than doubled the $200 value he listed for a bowl signed by the president and first lady.

Fleisher's biggest investment was a Washington property valued between $100,001 and $250,000, earning him between $1,001 and $2,500 from a basement rental. No other investment was worth more than $50,000.

The disclosure forms, for 2002, only require reporting in broad ranges rather than precise amounts of investment income and values.

National Security Adviser Condoleezza Rice received an extension to file her report.

Chief of Staff Andrew Card Jr. valued three of his mutual funds between $100,001 and $250,000 each, one of them a retirement account. His largest investment income, $15,001 to $50,000, came from renting a two-family home in Holbrook, Mass. Income from his other investments earned less than $5,000.

Joshua Bolten, deputy chief of staff nominated as White House budget director, reported a vacation home in Key West, Fla., valued between $500,001 and $1 million. He earned between $15,001 and $50,000 in rent, but also listed a mortgage of $250,001 to $500,000. He listed two other investment funds with the same value range as the vacation property.

Lewis Libby, assistant to the president and chief of staff to Vice President Dick Cheney, is better off than most White House staff members. He owns an investment of municipal bonds worth between $1 million and $5 million that earned interest between $100,001 and $1 million. He also listed a money market fund worth between $1 million and $5 million.

Friedman's riches are not surprising, considering he came to the administration from the Goldman Sachs investment firm, where he was co-chairman.

The head of the National Economic Council listed more than $50 million in the Goldman Sachs Financial Square Federal Fund, which earned him between $100,001 and $1 million.

He sold Mosaic Group Stock, an investment that earned him more than $5 million, and made $5 million from the sale of Insight Capital Partners, which owned software and technology firms.

2003 The Associated Press

2006 cuts in domestic spending across the board { May 27 2004 }
42 senators millionaires
Abramoff tied to white house photographed with bush
Advocates of war now profit from iraq reconstruction { July 14 2004 }
Bankruptcy law tough on katrina victims { September 8 2005 }
Bill making bankruptcy difficulty passes { April 15 2005 }
Bush aids finances detailed { June 16 2003 }
Bush appoints telecom lobbyist to fcc { February 4 2006 }
Bush budget cost more billions
Bush campaign raises 84m { October 14 2003 }
Bush charges 9m for african president meeting { November 10 2005 }
Bush enron ties in spotlight
Bush protects pharmaceutical and insurance from lawyers
Bush raises millions california { June 28 2003 }
Bush rejects tax on oil windfall profits { March 2006 }
Bush replaces government jobs with private contracts { April 18 2005 }
Bush signs law curbing class action lawsuits
Bush signs transportation bill full of pork { August 11 2005 }
Bush slashes domestic programs boosts defense
Bush turns to big military contractors for border control { May 18 2006 }
Bush wants to protect telecomm companies { February 12 2008 }
Chinese mega bucks for bush brothers { December 16 2003 }
Corporate power is US driving force { July 15 2004 }
Delays corporate gop fundraising investigated { July 12 2004 }
Donors stay in the lincoln bedroom
Energy bill exploits katrina to pay off oil industry { October 5 2005 }
Enron money helped GOP redistribution effort { July 12 2004 }
Financial firms are bushs biggest donors { January 9 2004 }
Fundraiser denies link between money access { May 17 2004 }
Goldman sachs workers big donations to bush { August 20 2004 }
GOP K street lobbyists access
Gop lobbyists invisible powerful world
Gop reaping in lobbyists { June 26 2003 }
Gop to renew tax cut for wealthy { May 10 2006 }
Gop uses katrina to ease energy laws { September 28 2005 }
Halliburton secret nobid iraq work contracts { June 16 2004 }
Healthcare overhaul is quietly underway { January 31 2005 }
House energy bill will foul air
Ken lay blames friendship with bush
Lobbyist appointed leader gop { June 17 2003 }
Lobbyist defends 800k contingency fee { January 4 2004 }
Lobbyists hire lawmakers kid { June 22 2003 }
Lobbyists kids not alright { June 24 2003 }
Lobbyists senators sons { June 23 2003 }
Mccain wants local business rebuilding instead of halliburton
More area money goes to bush
Oil lobbyist watered down climate research { June 9 2005 }
Power elite george w
Record deficit rein in domestic costs { January 4 2004 }
Refinery bill guts clean air pollution standards
Republicans are the big spenders { August 4 2005 }
Republicans backed by big business block labor bill { June 26 2007 }
Republicans conflicting loyalities to oil industry { May 4 2006 }
Rumsfeld sold ownership in pentagon contractors
Security aids switch to lobbying { April 29 2003 }
Senate approves 447b defense budget
Senate passes large corporate tax legislation { October 11 2004 }
Senate refuses to close wealthy loophole on bankruptcy
Senators financial holdings revealed { June 14 2003 }
Spending surges to historic level
Thanksgiving brings feeding frenzy round pork barrel { November 26 2003 }
The gop machine made bush supreme
Top campaign donors trade with iran iraq
Two bills benefit top bush fundraisers { November 22 2003 }
Wall street bush biggest donor { October 23 2003 }
Washington insiders consults contracts { September 30 2003 }
Wealthier vote back bush

Files Listed: 67


CIA FOIA Archive

National Security
Support one-state solution for Israel and Palestine Tea Party bumper stickers JFK for Dummies, The Assassination made simple