(edited to repair a link)
Were Bush's great-grandfather and grandfather Nazis?By David E Romm
with apologies to Cecil Adams
While there are no recorded incidents of them goose stepping or giving the "Heil Hitler" salute, the short answer to the question is yes. Both Bush's grandfather's palled around with sympathizers to the Nazi cause, with George Herbert Walker the worse of the two and grandfather Prescott Bush even worse as he dealt with Nazi Germany before and during WWII.
The Bushes don't like to talk about their past, and much of the early information comes from George Bush: The Unauthorized Biography by Webster G. Tarpley and Anton Chaitkin. While the book's origins are suspect and the authors tend to go off on wild LaRouchian rants, the basic research has held up to scrutiny since business dealings and government actions are a matter of public record. Note: I don't have Cecil Adam's resources, staff or salary, and all sources are from the web.
In 1919, Missouri deal-maker Bert Walker became the president and CEO of the W.A. Harriman and co. bank, which became one of the largest companies in the world. In 1922, the Harriman company set up a branch in Berlin under the residency of George H. Walker. In 1924, the Harriman company spun off the Union Banking Corporation, also run by Bert. The UBC was established to send American capital to Germany to finance the reorganization of its industry under the Nazis. Their leading German partner was the notorious Nazi industrialist Fritz Thyssen, who wrote a book admitting much of this called "I Paid Hitler." An article called Nazis In The Attic states boldly, "Walker was one of Hitler's most powerful financial supporters in the United States." and gives other details.
Samuel Prescott Bush, father to Prescott, was
an Ohio manufacturer and close advisor to President Herbert Hoover. During WWI,
was director of the facilities division of the US War Industries Board under Bernard Baruch. In 1920, Harriman and Bert Walker gain control of the German Hamburg-Amerika Line, said to be the world's largest private shipping line which had been confiscated by the US after the war. Still, while many of his business deals are with shady people who were more involved with the Nazis, Samuel himself wasn't a major player.
Prescott Bush was a major player. In addition to having ties with most of his father-in-laws friends (notably the Harrimans) and companies (notably the Union Banking Corporation), Bert hired Prescott to supervise the new Thyssen/Flish
http://www.john-loftus.com/Thyssen.asp">Consolidated Silesian Steel Corporation and the Upper Silesian Coal and Steel Company. John Loftus, a former Justice Department prosecutor whose latest series of lectures is on The Truth About Terrorism, has published a number of books about the Nazis and WWII. The page on Loftus' site linked above is from a Clamor magazine article by Toby Rogers entitled Heir to the Holocaust and also says, "Prescott Bush became managing director of UBC and handled the day-to-day operations of the new German economic plan. Bush's shares in UBC peaked with Hitler's new German order. But while production rose, cronyism did as well." and "According to classified documents from Dutch intelligence and US government archives, President George W. Bush's grandfather, Prescott Bush made considerable profits off Auschwitz slave labor." Rogers says this information came from "A Dutch intelligence agent in 1941," before we were at war with Germany. While the companies were seized by the Germans during the war, claims Cecil, Rogers points out that Prescott was eventually paid $1.5 million for his interest in UBC after Thyssen died and the companies assets were unfrozen.
Dealing with Nazi Germany, and even financing Hitler, may have been ethically and morally repugnant, even at the time, but they weren't illegal until Hitler declared war on the US. Six days after Pearl Harbor, FDR signed the Trading With the Enemies Act. By then, most (though not all) of the companies that had been doing business with Hitler's war machine had stopped. But not Prescott Bush and the Union Banking Corporation. Writes Rogers, "Prescott Bush continued with business as usual, aiding the Nazi invasion of Europe and supplying resources for weaponry that would eventually be turned on American solders in combat against Germany." Citing the Tarpley book,
this site goes on to say that on October 20, 1942, UBC assets in New York were seized under the act, and "On October 28, the government issued orders seizing two Nazi front organizations run by the bank (in which Bush was a partner): the Holland-America Trading Corporation and the Seamless Steel Equipment Corporation...U.S. forces landed under fire near Algiers on November 8, 1942; Nazi interests in the Silesian-American corporation, long managed by Prescott Bush and his father-in-law, George Herbert Walker, were seized under the Trading with the Enemy Act, on Nov. 17, 1942."
Bush family apologists like to point out that Prescott only had one share of UBC, though how that came to be worth a million and a half is never explained. Prescott was one of seven directors, says a Boston Globe article (payment required to see whole archive), quoting a 1942 New York Herald Tribune article, "Hitler's Angel has 3 Million in the Bank". While "Hitler's Angel" refers to Thyssen, Prescott was worried about the association. No need to worry; he was appointed senator in 1950. Apologists also claim that Prescott was an unpaid director, out of courtesy to a client. That's not completely creditable for two reasons: First, it's hard to believe he would do anything for free. Second, being a director has certain responsibilities, legal and ethical, and one can't duck from them quite so easily, especially when your assets are being frozen during a war. It certainly doesn't relieve him of culpability.
What all this says about future generations of Bushes is problematic. George Herbert Walker Bush, called "Poppy" in the family, fought in World War II, but was sent to Pacific theater, presumably so he wouldn't shoot friends. George W. was born in his senator grandfather's state of Connecticut, but moved to Texas fairly early, though he hung out and was arrested for drunken driving in the family estate in Kennebunkport Maine. He doesn't talk much in public about his progenitors. Still, in today's climate of "you're either with us or against us," there's no question that George Herbert Walker and Prescott Bush were against us.
http://www.romm.org/prescott.html