“The price has gone up, Daniel.”
“Everything’s going up. The price of buying an election. The price of holding the seat. The bastards pass on these costs to us, their customers.” Bellweather leaned back and stretched his legs. The effort to twist his old body to mimic Ali’s contorted position was killing him. “Their greed is astonishing.”
“So all told, what, nearly 150 million?”
“More or less. We project another 250 million for production costs and assorted odds and ends. Raw materials, factory upgrades, new equipment, that sort of thing.”
“How much will you charge the government?” Ali asked.
“Impossible to say at this point. Depends how many vehicles they want coated. And how fast.”
“Yes, yes,” Ali said in a knowing tone. “Cut the bullshit, Daniel, it’s me. How much?”
Bellweather considered a bluff or a lie, but this was Ali bin Tariq; he was better wired in this town than the CIA and FBI combined. Finding it impossible to hide the proud smile, he said, “Conservatively, eight billion the first year.”
Without missing a beat, Ali said, “A sixteenfold markup. You’re talking almost a two thousand percent return.”
Bellweather attempted a humble shrug that quickly turned into a loud smirk. It was impossible to act humble about this. “Yes, it’s a beautiful thing, isn’t it?”
“My God.” Ali’s eyes lit up. He had to take another deep draw from the hookah. Walters was getting high off the exhaust.
“We’re at the stage now of turning this into a joint venture,” Bellweather informed him, suddenly very businesslike. “The risks are minuscule at this point. No, they’re negligible. But we like to take care of our friends.”
“How much can we get in for?” Ali asked without hesitation. His eyes looked like smokeholes but his instinct for business was perfectly lucid. Bellweather wasn’t at all surprised. In the old days, Ali could have sex all night long, slug down two bottles of scotch for breakfast, and still pilot his plane from Florida to Vail. His stamina was legendary.
“Depends,” said Bellweather.
“On what, Daniel?”
“The buy-in’s five hundred million.”
“What a coincidence. All your up-front and production costs.”
“Yes, and that’s not the least bit unreasonable. All the risks were up-front. It’s in the bag now.”
“And suppose we are interested-I’m not saying we are-what’s our percentage?”
Bellweather paused for a moment. “Well, we’re structuring it differently this time, Ali. It’s unique. We’re not offering a stake in equity.”
“I don’t understand.”
“This is a high-profile project. It’s likely to generate a lot of attention. Having foreigners out front might create a bit of a problem. The money will be carried on the books as dummy accounts. It has to be invisible.”
Left unsaid though certainly understood was that the Saudis could not funnel money to Sunni insurgents in Iraq with one hand and be seen reaping financial benefits from the American war effort with the other. They couldn’t simultaneously fund bombers and their bombs, and reap profits from protecting against those explosives-at least not publicly.
“So what do we get?” Ali asked, glossing over the obvious conflict of interest.
“A guaranteed return, and that’s more than enough,” Bellweather insisted. “Double your money in one year, with no risks. Think of it like a short-term loan with a spectacular return. It’ll make your father very happy, Ali. Five hundred million into one billion, almost overnight.”
“I don’t like it.” Ali threw down the hookah pipe and drew back into a sullen slump. “Ownership is important to us. You know this, Daniel. A piece of the pie, something long-term.”
“Too bad for you,” Bellweather snarled. He pushed off his hands and started to get up. “You’re about to make our Taiwanese friends very happy. They want in, and they’re not placing any stupid, picky conditions.”
“Wait.”
Bellweather collapsed back on his ass. No effort, this time, to contort himself into a sitting pretzel. His left knee was killing him.
Ali sat for a moment puffing away, contemplating the deal. After a moment he suggested, “It would only be possible if a Saudi was present as adviser. Five hundred million is a great deal of money, Daniel.” He shared a quiet look with Bellweather his watchdog wasn’t meant to catch.
A moment passed before Bellweather figured out the nature of this odd request. “You know what?” he said. “That would be helpful. But it would have to be someone seasoned, someone Washington-savvy.”
Ali’s face wrinkled with disappointment. He sighed as though a terrible burden was being placed on his shoulders. “And I suppose this adviser would be forced to spend a great deal of time here, in Washington?”
“I’m afraid that’s absolutely necessary.”
“It would require constant trips back and forth.”
“Nearly continuous,” Bellweather said, scowling. “And long stays.”
“He would need an apartment,” Ali announced.
In addition to providing the imam watchdog for company, Ali’s father was keeping an iron fist on his wallet. Sin, particularly in America, was expensive.
“Perhaps he would agree to use our luxury condominium. Large and sumptuous, three bedrooms, an indoor sauna, great view of the Potomac.”
“Your hospitality is overwhelming.”
“We’ll do our best to make his stays as comfortable as possible.”
Ali tried his best to hide the boisterous smile as they shook.
17
On December 2 the House of Representatives met to vote on HR 3708, a discretionary appropriations bill to authorize two years of payments for CG’s amazing polymer. It had been sent to Congress off-cycle, which was not unusual in the crush of war. The originating request had come out of the Pentagon. It was a short, direct plea for a fast-track, noncompetitive authorization, another common feature of a chaotic war. The needs and safety of the troops did not adhere to inconvenient schedules.
The floor debate was brief and uneventful. A few lonely voices tried to raise a squawk, but the tally was decisive: 415 in favor, 20 against.
The measure had popped out of the House Armed Services Committee only a few days before, and after Earl rubbed a few elbows in the Speaker’s office, it sped to the larger body for a floor vote.
Representative Drew Teller of Michigan, reeling under intense pressure from General Techtonics, made a spirited attempt at opposition. The committee vote to push back the GT 400 had caught him completely flat-footed, and put him miserably behind in the race to capture all those Pentagon dollars. Obviously it had been an ambush. And just as obviously, it was a creation orchestrated and skillfully executed by Earl Belzer. In the days afterward, the executives of General Techtonics and representatives from the many loudmouthed lobbying firms in its employ flooded Teller’s office with calls and visits to get to the bottom of this.
Money and favors were leaking out of Earl’s office like lava from a volcano, their sources informed them. Big money. The kind of dough that could only mean big corporate backing, but by who? Where was Earl getting the juice from? And why?
The answers to those questions became crystal clear when the legislation authorizing the Capitol Group’s polymer sprinted through Earl’s committee, got greased on a fast track through the Speaker’s office, and in almost record time ended up on the floor for a full vote.
It was a classic rush job: notice of the House vote came with less than twenty-four hours’ warning. Poor Teller did his best to rally the troops. He called in every favor. He made more promises than he could begin to meet. He called and begged and cried to everyone in reach trying to muster opposition. It was Drew’s finest hour. He worked tirelessly throughout the night, working the phones, leaving no stone unturned, fighting this measure like an all-out war. The result was as pathetic as it was predictable.