President Gore May Have Saved Enron ( Because, Bubba saved Long Term Capital Management )

rushlimbaugh ^ | 1/11/2002 | rushlimbaugh

[KQQL]

If, heaven forbid, Algore were president of the United States, would the Enron failure have been any different? I'm not talking about the coverage of it, which of course would've been silent on any connection between Mr. Occidental Petroleum and this energy company.

Remember, Jack Quinn, Johnny Hayes and Gregg Simon were all Algore advisors, and all took cash from Enron. So did Bill Clinton, and many other DNC candidates. Enron's two biggest donations to House members went to Democrats. The company spread its cash around.

The Democrats are on thin ice on this Enron talk. They're looking for anything scandal-oriented, because they cannot defeat Republicans on substance - plus they are obsessed with the get-even-with-'em-ism over Whitewater. I think this is a bad tactic, and believe it or not, even Clinton defender Lanny Davis agrees with me! He is warning the Democrats that there's nothing substantive here.

But again I ask: What if Algore had succeeded in stealing the election? Given the fact that all these Democrats have been the recipients of corporate campaign cash from Enron, it's possible that Algore might have moved in and responded to Ken Lay's request for assistance and done something to help them out.

Don't forget, Long Term Capital Management was on the verge of collapse, and the Clinton administration went in there and bailed them out on the grounds they wanted to save the stockholders from exactly the kind of failure they suffered at Enron's hands.

James J. Cramer, cofounder of TheStreet.com and a Democrat, writes a column titled "The Bottom Line" that says of Enron, "Think about it. When Enron was in a position to be saved, the way that Long-Term Capital was saved by a Democratic regime because its failure would have hurt too many brokerages including Goldman Sachs, where Bob Rubin, the then treasury secretary, once worked, the GOP did nothing. George W. Bush did nothing. If the president is such a friend of Ken Lay's, he sure has a funny way of showing it...the whole Democratic scenario, that it was the Republicans who abetted the chicanery of Enron - and there was chicanery - is absurd."

Folks, George W. Bush and Dick Cheney are honest men. A golfing buddy of mine sent me an e-mail that makes this point. He wrote, "Rush, you won't believe who Bush has signed up to do a joint appearance charity golf thing with!" I didn't have to think twice to know it was Clinton's pal Greg Norman. There's no pretense about Bush, and he'll play with Norman for charity the same way he worked with Ted Kennedy on the education bill. This freaks the Democrats out, because they don't socialize with the other side, and they hate seeing their guys do so.

In the final analysis, do you know what I think this Enron fishing expedition is going to shape up to be like? I'm going to make you a prediction. This is going to shape up to be like Daschle's speech. So far, the only people that are really having their dander raised about this are the usual suspects, the liberal, pointy-headed academics and media types in the northeast corridor from the Boston Globe to the Miami Herald. When you get to so-called flyover country, nobody is getting all jazzed about this.