The son of Prescott Bush, a patrician moderate Republican senator from Connecticut and a Wall Street investment banker, George H.W. Bush traveled to Texas to make his fortune in the wildcat oil industry. He was hardly a roaring success, but he took up his father's line of work, getting elected to the House from suburban Houston. It was then that he opened the negotiations of his Faustian bargain. His father had been the head of the United Negro College Fund; he and his wife were prominent members of the local chapter of Planned Parenthood. But George Bush Sr., seeking political advantage in Texas, declared his opposition to the Civil Rights Act of 1964. Bush spent the next decade advancing himself as a consummate Republican loyalist in positions ranging from chairman of the Republican National Committee under Nixon to Gerald Ford's CIA director and United Nations ambassador. After losing the Republican presidential nomination to Ronald Reagan in 1980, he swallowed his criticism of Reagan's supply-side nostrums as "voodoo economics" when he became his running mate.
A sharp reversal of policy and turnover in personnel are the only actions that may enable Bush to salvage the shipwreck of his presidency, as they did for Reagan. But bringing in the elders, even if they could be summoned, would be psychologically devastating to Bush, a humiliating admission that his long history of recklessness and failure, from the Texas Air National Guard to Harken Energy, with rescue only through the intervention of his father and his father's friends, has reached its culmination.