Once Seen as Beach Property, Ranch Now Will Be Under Water
Bush Dynasty financial advisers, who monitor global warming developments closely to assess threats to the family assets, have issued a new report that predicts the Gulf of Mexico will swallow up President Bush’s Texas ranch by mid-century.
The latest report is a sharp departure from a report just two years ago that saw global warming turning the ranch into a lucrative piece of Gulf of Mexico beach front property.
“Our studies now indicate that global ocean levels will rise faster than previously anticipated and that the property near Crawford, Texas will be completely inundated sometime around 2050, rendering it unsuitable for development as beach front residential parcels,” the report said.
In its Bush Dynasty global warming study two years ago, Circle the Wagons Financial Advisers, LLC, waxed poetic about the beach front development possibilities when the Gulf of Mexico reaches Crawford, a small town west of Waco in the Texas hill country. The report imagined grand hilltop mansions looking down on quiet coves with superb fishing and aquatic sports such as water skiing and cavorting on Jet-Skis.
The report surfaced on the eve of a climate change summit in Washington organized by the Bush Administration.
“This Administration has been plagued by cognitive dissonance that pops up again and again, often at the most puzzling times,” said Robert Breston, executive director of the government watchdog group Do Something for a Change. “Letting a report like this surface on the eve of a global warming meeting organized by the President? I don’t get it.”
Left unaddressed in the Bush Dynasty financial advisory report was the fate of other family real estate holdings in Houston, Connecticut, Maine and Florida should the rising oceans inundate the Waco, Texas region by mid-century. Waco is at a higher altitude than Florida and the Atlantic seaboard, suggesting that other Bush properties will be innundated long before the Bush ranch.
“If it were my dynasty, I’d be looking to sell all the current real estate holdings and start acquiring properties in Jackson Hole, Wyoming and Santa Fe, New Mexico,” Breston said.