Alphonso Jackson, a long-time associate of George W. Bush since the 1980’s, will resign as Housing and Urban Development Secretary reportedly on Friday, April 18. Alphonso Jackson is resigning his high profile cabinet position post amidst a number of ethical allegations of cronyism and other improper actions involving housing contracts and has been perceived as being very insensitive towards those who have suffered because of the subprime mortgage crisis.
Secretary of Housing and Urban Development Alphonso Jackson has stirred much controversy during this nation’s subprime mortgage crisis with some perceived off the cuff and insensitive remarks. It’s not just his alleged ethics that have made people angry. One of the remarks made, according to Pete Yost’s AP article of March 31called “HUD Secretary Jackson Resigns Amid Probe”, which had to do with the characterization of Housing and Urban Development Secretary Alphonso Jackson towards a number of those who have had a subprime mortgage and who’ve had their homes foreclosed or are really struggling to pay the loans back as “Yuppies, Buppies and Guppies” (that is, young, Black, and gay upwardly mobile professionals), who could drive around in pricey cars but who bought pricey homes with little or no money down.
During his departure speech, the former secretary (who knew George W. Bush when they lived in the same Dallas area back in the 1980s and who was also a past president of the Austin-based utility company called American Electric Power Texas, according to his Wikipedia biography ) took credit for the increase in minority homeownership, reducing homelessness, maintaining housing that’s affordable and improving public housing. The Jackson tenure will last just over four years, and he’ll be remembered as the Secretary of HUD under whose watch the subprime mortgage crisis came about, which began to show its ugly head a year ago in 2007.
Other George W. Bush Cabinet Appointees With The Right Connections
Knowing George W. Bush has been helpful in getting high profile government jobs, as in the case of Housing and Urban Development Secretary Alphonso Jackson, but it’s also helpful to have top level corporate job experience. For instance, a Bush appointee from his first term, Donald Evans, served as Secretary of Commerce from 2001-2005. Donald Evans was once the CEO of a Midland, Texas energy company called Tom Brown, Inc., until he was appointed Energy Secretary, according to his White House biography
Donald Henry Rumsfeld, the embattled former Secretary of Defense from 2001-2006, because of his controversial and questionable policies managing the Iraq War, which is into its sixth year currently, served as CEO, President, and then as the Chairman of the G.D. Searle & Company from 1977-85, according to his Wikipedia biography.
And yet another corporate high position holder was appointed as Secretary of the Treasury in 2001 by George W. Bush, before he resigned in 2002, long before the subprime mortgage crisis would make the headlines of newscasts and newspapers. Paul O’Neill was the President of the International Paper Company from 1985-1987, and served as the Chairman and CEO of Alcoa from 1987-1999, before retiring as Chairman in 2000, according to his White House biography.