posted
how can we be sure completely that President Dubya Bush didn't count on the collapse of Enron, and that his administration isn't acting out of morality but rather a sense of self-preservation?
What point are you trying to make, here?
Mr. Bush has character because he and his cohorts helped deregulate the industry for Enron so that Mr. Bush's friends at Enron could defraud it's workers and investors.
Oh, so Bush MADE Enron colapse, now. That's a new one.
Evidence?
You're missing the fact that the company would have gone under with or without regulation. The employees would likely still have lost their retirement funds.
-------------------- "This is why you people think I'm so unknowable. You don't listen!" - God, "God, the Devil and Bob"
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posted
But, Omega dear chum, WITH regulation, the employees would've known Enron was about to go under and might've been able to get out with some of their savings in time.
posted
Oh, yes, everyone scrambling to sell their stock at the same time would have been MUCH better.
The problem here is that the people running the company screwed up, and possibly broke the law in the process of trying to save their own investments. No law could have prevented the company from going under, and no law could have prevented it from taking the employees' retirement funds with it. Except, of course, a government subsidy, which invariably does more harm than good. Which is why Bush refused to do it.
-------------------- "This is why you people think I'm so unknowable. You don't listen!" - God, "God, the Devil and Bob"
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Saltah'na
Chinese Canadian, or 75% Commie Bastard.
Member # 33
posted
I'll agree with Omega for the moment.
Personally, the only issue at stake between Bush and Enron is if the execs at Enron had unlawful influence over the new energy policy. The fall of Enron itself is simply an independant matter, and should be prosecuted separately. Unless an actual solid link can be pointed out which is not likely to be refuted.
That being said, Bush and Cheney should divulge records regarding campaign contributions from Enron. Such records are available here in Canada under the Freedom of Information Act.
-------------------- "And slowly, you come to realize, it's all as it should be, you can only do so much. If you're game enough, you could place your trust in me. For the love of life, there's a tradeoff, we could lose it all but we'll go down fighting...." - David Sylvian FreeSpace 2, the greatest space sim of all time, now remastered!
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posted
That, I'll agree with. Every dollar that a cantidate receives and spends should be accounted for in public.
-------------------- "This is why you people think I'm so unknowable. You don't listen!" - God, "God, the Devil and Bob"
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Saltah'na
Chinese Canadian, or 75% Commie Bastard.
Member # 33
posted
And what if they adamantly refuse to do so?
-------------------- "And slowly, you come to realize, it's all as it should be, you can only do so much. If you're game enough, you could place your trust in me. For the love of life, there's a tradeoff, we could lose it all but we'll go down fighting...." - David Sylvian FreeSpace 2, the greatest space sim of all time, now remastered!
Registered: Mar 1999
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quote:You're missing the fact that the company would have gone under with or without regulation.
Really?
Evidence?
-------------------- Great is the guilt of an unnecessary war. ~ohn Adams
Once again the Bush Administration is worse than I had imagined, even though I thought I had already taken account of the fact that the Bush administration is invariably worse than I can imagine. ~Brad DeLong
You're just babbling incoherently. ~C. Montgomery Burns
Registered: Mar 1999
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posted
And what I wrote Omega, I'll write it again since you didn't read it, was this:
quote:Mr. Bush...and his cohorts helped deregulate the industry
So I'm not sure what orifice on your body you pulld this from,
quote:Oh, so Bush MADE Enron colapse, now. That's a new one.
but I can guess.
Accoding to a New York Times article:
quote:Mr. Lay and other Enron officials interviewed several candidates to fill vacancies on the Federal Energy Regulatory Commission, which regulates Enron's main markets. Mr. Bush selected two people for the panel who were favored by Enron and some other energy companies.
quote: Enron and Kenny Boy bought your [Mr. Bush] silence and the silence of your cabinet members. You yourself didn't have to actually raid the 401(k) accounts of those poor people in Houston (many of whom probably voted for you every time your name was on a ballot). All you had to do was remain silent, change the government regulations that let them get away with it, and install their hand-picked cronies to sit on the "oversight" boards which were supposed to be keeping an eye on them.
---
The saddest part of this whole affair was the day the scandal was revealed -- and you denied that you even knew your good friend, Kenneth Lay. "Ken who?" you said. Oh, he's just some businessman from Texas. "Heck, he backed my opponent for governor, Ann Richards!" was your way of trying to deflect the truth that was hitting you like a Mack truck. You knew that he, in fact, endorsed YOU and gave you THREE times the money Ann Richards ever saw from him.
I hardly ever talk to the guy, you said. You were like Peter outside the walls of Herod after they grabbed J.C. from the Garden of Gethsemane. Three times he denied he knew Jesus, and three times the cock crowed. But Peter, unlike you, felt shame and wept, and then ran away.
This from the man who was "going to restore dignity to the White House, the people's house."
-------------------- Great is the guilt of an unnecessary war. ~ohn Adams
Once again the Bush Administration is worse than I had imagined, even though I thought I had already taken account of the fact that the Bush administration is invariably worse than I can imagine. ~Brad DeLong
You're just babbling incoherently. ~C. Montgomery Burns
Registered: Mar 1999
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-------------------- Great is the guilt of an unnecessary war. ~ohn Adams
Once again the Bush Administration is worse than I had imagined, even though I thought I had already taken account of the fact that the Bush administration is invariably worse than I can imagine. ~Brad DeLong
You're just babbling incoherently. ~C. Montgomery Burns
Registered: Mar 1999
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That's twice in one day. This has to stop. The line must be drawn, here!
-------------------- "The best defense is not a good offense. The best defense is a terrifyingly accurate and devastatingly powerful offense, with multiply-overlapping kill zones and time-on-target artillery strikes." -- Laurence, Archangel of the Sword
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