Tags: Bush | Clean | Enron

Bush Clean on Enron

Monday, 14 January 2002 12:00 AM

However, a discerning viewer would have to conclude that - despite all the gloom and doom - there

Is it an awful

Yes, indeed.

Is it yet another deplorable example of unrestrained greed?

Absolutely.

Is it a juicy tale of lies, rip-offs, insider trading and covered-up evidence?

Oh, yes.

But based on what we now know, the Bush administration did not

All the political donations made by Enron indeed did buy it access to the White House and Cabinet. But when crunch time came and Enron wanted to cash in their chits they were turned down - cold - by every Bush administration official they approached.

Try as they might, the national news media can salivate all they want at the thought of taking down a president with an 80 percent approval rating, but Enron isn't going to be the vehicle that does it.

Yes, the president may be a little disingenuous about how well - and when - he knew Enron Chairman Kenneth Lay. But so what?

Everyone knew - and now knows - that Team Bush and Enron were very close. Many administration officials made money from Enron before joining the government. But so far not one of them has been in any way implicated in any wrongful behavior regarding Enron or Arthur Andersen.

Yes, there is a major scandal inside those two corporations. And yes, the House and Senate need to explore what happened with utmost zeal and vigor.

But the goal should be to prevent this type of corporate management rip-off - not to "get" a president who had nothing to do with the company or its demise.

Another potential ramification to be explored is this: If Social Security recipients were to be allowed to invest a percentage of their Social Security funds in the stock market and Enron had been a hot stock when many made their decisions, what would happen after this investment was wiped out? That argument also applies to last year's Nasdaq collapse.

Privatizing Social Security is a wonderful idea - except when collapses occur.

Let the Democrat-controlled Senate take a look at that. But, please, haven't we seen enough of self-righteous phonies such as Sen. Joe Lieberman hogging airtime when they have nothing to say?

Can you imagine how this would be different if a corrupt president - either Clinton is a good example - were in the Oval Office after having been financed by Enron? Bill or Hillary would either have saved the company by fixing the bond rating or pressuring some regulator - or would have savagely killed it off to maintain their political viability. That is how they treated all their other friends.

Anyway, barring something that no one has yet discovered, the Bush administration should be congratulated for

That is the plain, simple truth - and one that the so-called mainstream media doesn't want to hear.

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However, a discerning viewer would have to conclude that - despite all the gloom and doom - there Is it an awful Yes, indeed. Is it yet another deplorable example of unrestrained greed? Absolutely. Is it a juicy tale of lies, rip-offs, insider trading and...
Bush,Clean,Enron
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2002-00-14
Monday, 14 January 2002 12:00 AM
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