Bush Team May Have Feared Enron Aid(AP writer makes DNC/Waxman fax an article)

AP ^ | 1/14/01 | Marcy Gordon

[Dane]

Unfreakin believable.

[anniegetyourgun]

Sigh....the administration can't win with these DEMS who will slam 'em either way! They intervened - they didn't intervene enough.....all a matter of throwing it all on the wall to see what sticks!

[Steven W.]

Translation = "Bush administration officials chose to do nothing - to not compromise their integrity, no matter what, not even after being reminded by Enron that the Clinton administration government intervened in 1998 and that, prior to Bush taking office, Enron had previously all the Clinton administration officials under their thumb"

[Dog]

Annie the public is not buying this dem spin...

That is why they are really getting crazy on this..

[RAT Patrol]

ROTFL....damned if you do and damned if you don't. This spin will never work!!!! Nice try though, ROTFL!

[My2Cents]

This is the Dems' plan -- put Bush in a "damned if he did, damned that he didn't" position: he would have been wrong to grant any favors to Enron to avoid their collapse; he was wrong not to give any favors to Enron to avoid their collapse.

The only thing the Bush Administration is guilty of is being laissez-faire in regard to Enron. Bush let the weight of bad corporate decisions fall on the heads of those who 1) made the decisions, and 2) those who chose to back those decisions through their investments.

[Brian Mosely]

Fears of a conflict of interest involving a big Bush donor may have led to the inaction, analysts suggest.

Translation: We're not going to break the law.

[MJY1288]

bttt

[Wphile]

Waxman is pathetic. I thought O'Neil was kind of funny on FOX NEWS yesterday. He seemed so incredulous that Waxman had suggested that the administration make some sort of announcement. O'Neil said we didn't know anything more than what was in the public domain already.

I wonder if Waxman thinks W should have warned us about K-mart's demise?

[randog]

Translation: "Getting caught with your hand in the cookie jar is a good thing since so many democrats do it. Therefore one can logically conclude that the Bush Administration, by not having its hand in the cookie jar, did the wrong thing."

[McB.]

Fears of a conflict of interest involving a big Bush donor may have led to the inaction, analysts suggest Translation: Oh no...Bush is clean.

[My2Cents]

Sure. The Bush Administration should have come forward with the phone calls in which Enron was screaming for help....and panic the market???

There was a post on FR yesterday by an Enron investor (who apparently dumped his stock early) who said that the warning signs of Enron's imminent collapse were there for all to see, provided one knew how to read the market. Any investor whose 401K portfolio was dominated by Enron stock has learned a sad lesson that maybe now they won't repeat.

[jimkress]

A private warning to Enron employees would have been illegal. It would have constituted 'insider trading'.

A public warning to Enron employees would have been viewed similarly.

[MurryMom]

Unfreakin believable.

What is believable is that the Bush Administration doesn't give a rat's patoot about anybody else. Witness their failure to act to help employees of Enron, Dumbya's biggest campaign donor; their callous indifference to the plight labor unionists now losing jobs gained during the 8 Clinton-Gore years; Paul O'Neill's failure to lift a finger to help Argentina out of its current economic misery; and the plight of stock market investors suffering from a stagnant DJIA.

Is anybody better off now than when Bill Clinton was President? What will Dumbya say when his opponent in '04 raises the issue of 4 years of economic failure, following 8 straight years of economic prosperity?

[Libloather]

The Big Media orgy continues.

Think they'll ever get around to acknowledging Dubya's gravy-toss?

[princess leah]

You know, this reminds me of how Bush acted as a parent when his daughter Jenna got caught with the drunk driving charge - he didn't intervene and felt as an adult living on her own, she should handle it herself! I find no fault with his administration choosing not to intervene or to go blabbing to the media about a company's corporate troubles...The trouble lies with its executives and with their handling of this business...that is where the true corruption lies!

[america-rules]

"8 straight years of economic prosperity?"

What, I thought it was 10 !

[Dog]

Awwwwwwww!

Tsk Tsk Tsk..

I guess this isnt the Bush Whitewater after all huh??

Tell Nostril boy Waxman....its over...haha!

[christianswindler]

I haven't really seen anything yet that can really be used to batter GWB or his administration.

That being said, however, the insiders at Enron appear to have committed the most blatant securities fraud on record. Having sold tens of millions of dollars of Enron stock through August, 2001, Lay then writes to his employees advising them that the company's future was bright and urging them to buy the same stock that he and his cronies had been dumping all year! This was really bush league (no pun intended) fraud.

The President appears to have been victimized just by knowing these guys

[anniegetyourgun]

And if they had intervened you'd be screaming about "favors" from the administration for contributions. You are such a hack and always willing to blame W for an economy he inherited. Remember, we were still living with the Clinton budget when the recession it. Oh wait, you don't remember those things that don't fit your leftist worldview.