Russ Baker and Jonathan Larsen have uncovered quite a scoop here:
Newly released internal CIA documents assert that former president George Herbert Walker Bush's oil company emerged from a 1950's collaboration with a covert CIA officer.
Bush has long denied allegations that he had connections to the intelligence community prior to 1976, when he became Central Intelligence Agency director under President Gerald Ford. At the time, he described his appointment as a 'real shocker.'
But the freshly uncovered memos contend that Bush maintained a close personal and business relationship for decades with a CIA staff employee who, according to those CIA documents, was instrumental in the establishment of Bush's oil venture, Zapata, in the early 1950s, and who would later accompany Bush to Vietnam as a "cleared and witting commercial asset" of the agency.
Puts a whole new perspective on the Bush family fortune to know that it was funded through the CIA and paid for with your tax dollars, doesn't it? More details below, and over at the Real News site.
According to a CIA internal memo dated November 29, 1975, Bush's original oil company, Zapata Petroleum, began in 1953 through joint efforts with Thomas J. Devine, a CIA staffer who had resigned his agency position that same year to go into private business. The '75 memo describes Devine as an "oil wild-catting associate of Mr. Bush." The memo is attached to an earlier memo written in 1968, which lays out how Devine resumed work for the secret agency under commercial cover beginning in 1963.
They have the original CIA internal documents posted on their site, in addition to reports that Bush 41 was an acknowledged CIA employee as early as 1963.