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Terry McAuliffe Is a Socialist ... No, Wait, He's a Capitalist?

Thursday, 31 January 2002 12:00 AM

DNC Chairman Terry McAuliffe was the first to jump on the Enron bandwagon with both feet, trying to blame the company's downfall and subsequent devastation of employees' retirement accounts on the Republicans. He was no less shy about demonizing the executives and insiders who sold out and made a killing before the company went under.

"The people out there who are hurt the most are the small people, and once again the wealthy special interests got to take their money off the table, and that's what we need to investigate," he told CNN last week.

It’s a different piece of sheet music this week. Now we know that McAuliffe received some arguably "insider" information that allowed him to buy $100,000 worth of stock in Global Crossing and later sell it for $18 million. The company has also filed bankruptcy, and as a result, the vast majority of their shareholders have been wiped out. What does McAuliffe say about that?

"I invested in many companies, and I'm happy this one worked. This is capitalism. You invest in stock, it goes up, it goes down. You know, if you don't like capitalism, you don't like making money with stock, move to Cuba or China,"

So, there you go. Enron goes bankrupt and the Republicans are at fault. Global Crossing goes in the tank and McAuliffe is just a savvy investor.

Do you know of any Republican officials out there who made millions on Enron stock? If you did have a big Republican official who made $18 million on a $100,000 investment, do you think the Democrats would be leaving him alone?

Oh … and what about the demand for records and transcripts of meetings with Enron officials? Did you know that the Clinton Defense Department negotiated a $400 million contract with Global Crossing? That contract was canceled by the Bush Defense Department.

And why? Because there were some questions about the bidding process. A congressional source told "The Drudge Report" that "It sure looks like someone in high office wanted Global Crossing (for the DOD contract) from the git-go.”

So ... is McAuliffe willing to turn over records of any meetings he had with officials of Global Crossing? The answer is NO.

Will you hear about the strange Global Crossing contract, McAuliffe’s windfall, and his refusal to release records on your CBS, ABC or NBC newscast ? Yeah, suuuuure you will.

For the first time ever, the GAO will sue a federal official for access to his private notes. The GAO wants the notes and minutes from Dick Cheney's energy task force meetings last spring with all the major energy players, including Enron. Democrats accuse the White House of hiding potential evidence.

"If the administration succeeds in stonewalling on this issue, it erodes the ability of the Congress to do the job of conducting oversight," said Rep. Henry Waxman, D-Calif. "If we can't find out what the executive branch is doing in their official capacity as a maker of policy, we can't do our job to oversee them."

Funny, I don't remember Henry Waxman complaining about all the stonewalling done by the Clinton administration, time after time.

A recent editorial in the Arab News says that the U.S. is using cruel and unusual punishment against the al-Qaeda terrorist prisoners being held in Cuba. It quotes our Constitution and Bill of Rights and accuses us of mishandling the poor, poor, pitiful killers at Guantanamo.

I can assure you that the Arab prisoners in Cuba are getting far better treatment than they would get in Saudi Arabia if they were accused of the same offenses. In fact, they most likely would have already had their craniums separated from their spinal columns. Property Tax Increase?

Homeowners living inside the Atlanta city limits already pay a property tax penalty. They receive not one single service not available to residents of unincorporated Fulton County – yet their taxes are higher.

Now it seems that situation will worsen as Atlanta’s new mayor, Shirley Franklin, seeks a property tax increase.

Just one action – leasing Hartsfield International Airport, would solve this problem. Not only would a tax increase be avoided, taxes could probably be lowered!

Why won’t Atlanta politicians take this step? Simple – just one word, POWER. Though Hartsfield provides no cash revenue to the city government, it does provide power to Atlanta politicians. So – it can easily be said that this tax increase is not being sought to cover Atlanta’s bills, but to pay the cost of political power.

Ticket brokers are drastically lowering prices for Super Bowl tickets in light of the very low demand to see what promises to be one of the most one-sided blowouts in many years. Most people will be staying at home in order to watch the most entertaining segments ... the commercials.

Last week we told you the story of an American woman who was flying on a Scandinavian Airlines System (SAS) jet when she made the unfortunate mistake of flushing the toilet while still sitting on it. The resulting vacuum sealed her to the toilet and she could not get up until ground crew workers in New York managed to release her from the commode's death grip, and the woman filed a complaint.

Well, now SAS says that the event never happened. They were the ones that released the original story, but yesterday announced "internal checks had since shown that the company's original information was false."

We always like to correct the record.

The Hotline notes that "In his testimony to the Nevada Boxing Commission., Mike Tyson said he's not Mother Teresa or Charles Manson, but you'll notice he never denied being Jeffrey Dahmer."

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DNC Chairman Terry McAuliffe was the first to jump on the Enron bandwagon with both feet, trying to blame the company's downfall and subsequent devastation of employees' retirement accounts on the Republicans.He was no less shy about demonizing the executives and insiders...
Thursday, 31 January 2002 12:00 AM
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