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To: Wyatt's Torch
Who knows...the media are just throwing out balloons to see if anyone's paying attention. They can't stand going more than 3 days without something scandalous. Even Joe Lockhart's back on the talk circuit, prophetizing (sp?) "doom and gloom" for this administration because of this. Chris Matthews just said, "What does he care?"
32 posted on 01/11/2002 11:42:49 AM PST by DJ88
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To: DJ88
Essentially, this whole "media" explosion is Carville at work again. There's nothing here but the ability to attempt another round of class warfare -- guilt by association (even rather feeble association) rather than action. Anti-business is a big draw for the Democrat base -- of which too many are currently giving Bush high marks for Democrat office-holder's comfort. It's also a nice diversion from the massive stinky egg laid by Daschle last Friday -- for God's Sake! Get that out of the papers!

Rubin and Clinton bailed out Long Term Capital Management (a brokerage) with government (taxpayer) money. Had LTCM gone done (as Enron has) then a number of other brokerages would have suffered large losses from their business with LTCM. One of those was Goldman Sachs. Surprise, surprise, Mr. Rubin was a former partner in Goldman Sachs. Saving LTCM with taxpayer money saved Mr. Rubin's former partners from eating millions in losses. Mr. Rubin went back to Goldman Sachs when his days with Clinton were done.

Fast forward. Mr. Bush's administration did not lift a pinky for Enron. Enron (Kenneth Lay) contacted Administration officials three times in the week before Enron declared bankruptcy. Obviously, he hoped for something that would forstall the collapse. He got nothing. And Enron filed for bankruptcy the following week.

Had Bush bailed out Enron, like Clinton did LTCM, then the Democrats would have raised a scandal to high heaven -- for cronyism and insider-dealing writ large. But all those 401k's would have survived. Since Bush did nothing the Democrats now raise scandal because there are "oilmen" in the White House and Enron is an energy company. And Bush has actually even talked personally with Kenneth Lay when he was Governor of Texas (gasp!).

Essentially, the Democrat position is if you did nothing you are guilty of scandal and if you did something you are also guilty of scandal. You are guilty because of who you are. And you are guilty because you haven't lived your entire life sucking off the government teat.

36 posted on 01/11/2002 12:01:25 PM PST by Scott from the Left Coast
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