Bush doesn't even know himself

Bush didn't know he was a part owner of a timber company. He poked fun at kerry for suggesting it. Truth is, Bush actually is, or claimed to be on his income tax, a part owner of a timber growing company. This man doesn't even know himself, so tell me how can he lead this country?

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Bush doesn't even know himself

By: sandy2
Posted: Saturday, October 09, 2004
Message Board: Politics
Bush didn't know he was a part owner of a timber company. He poked fun at kerry for suggesting it. Truth is, Bush actually is, or claimed to be on his income tax, a part owner of a timber growing company. This man doesn't even know himself, so tell me how can he lead this country?

And just how do you know this to be a fact? I know for *sure* that YOU did not see his income tax forms.
He's a hell of a sight better leader than Kerry could EVER be.

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From factcheck.org, a non-partisan site.

Bush's Timber-Growing Company

Bush got a laugh when he scoffed at Kerry's contention that he had received $84 from "a timber company." Said Bush, "I own a timber company? That's news to me."

In fact, according to his 2003 financial disclosure form, Bush does own part interest in "LSTF, LLC", a limited-liability company organized "for the purpose of the production of trees for commercial sales." (See "supporting documents" at right.)

So Bush was wrong to suggest that he doesn't have ownership of a timber company. And Kerry was correct in saying that Bush's definition of "small business" is so broad that Bush himself would have qualified as a "small business" in 2001 by virtue of the $84 in business income.

Kerry got his information from an article we posted Sept. 23 stating that Bush on his 2001 federal income-tax returns "reported $84 of business income from his part ownership of a timber-growing enterprise." We should clarify: the $84 in Schedule C income was from Bush's Lone Star Trust, which is actually described on the 2001 income-tax returns as an "oil and gas production" business. The Lone Star Trust now owns 50% of the tree-growing company, but didn't get into that business until two years after the $84 in question. So we should have described the $84 as coming from an "oil and gas" business in 2001, and will amend that in our earlier article.

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Reply #2 By: sandy2 - 10/9/2004 11:13:59 AM
From factcheck.org, a non-partisan site.

Bush's Timber-Growing Company

Bush got a laugh when he scoffed at Kerry's contention that he had received $84 from "a timber company." Said Bush, "I own a timber company? That's news to me."

In fact, according to his 2003 financial disclosure form, Bush does own part interest in "LSTF, LLC", a limited-liability company organized "for the purpose of the production of trees for commercial sales." (See "supporting documents" at right.)

So Bush was wrong to suggest that he doesn't have ownership of a timber company. And Kerry was correct in saying that Bush's definition of "small business" is so broad that Bush himself would have qualified as a "small business" in 2001 by virtue of the $84 in business income.

Kerry got his information from an article we posted Sept. 23 stating that Bush on his 2001 federal income-tax returns "reported $84 of business income from his part ownership of a timber-growing enterprise." We should clarify: the $84 in Schedule C income was from Bush's Lone Star Trust, which is actually described on the 2001 income-tax returns as an "oil and gas production" business. The Lone Star Trust now owns 50% of the tree-growing company, but didn't get into that business until two years after the $84 in question. So we should have described the $84 as coming from an "oil and gas" business in 2001, and will amend that in our earlier article.

Okay your right, he owns a timber company. So what does that prove? Do you think GW does his own tax returns? Get real. He probably only sees them long enough to sign them. His CPA is the one who would know, NOT GW.

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Draginol

Join Date 03/2001

+137

I own shares in tons of companies I know nothing about. My financial planner handles that stuff. Does that mean I don't know myself?

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