10-24-2007, 11:35 AM
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#6 (permalink)
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Banned
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[QUOTE=Ustwo]
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Originally Posted by Rekna
I can't tell you why they are, it definitely isn't because this:
....and I was lazy and you kept giving me free stuff from other peoples money so I would vote for you.
Seriously try harder.
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Where do you get that upside down cyniscism and resentment.....certainly not out in the "real" world ?
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.....Bush said he decided to "respect" the jury's verdict that Libby was guilty of four felonies for lying about his role in the leak of a covert CIA officer's identity. But the president said Libby's "exceptional public service" and prior lack of a criminal record led him to conclude that the 30-month sentence handed down by a judge last month was "excessive."........
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......For instance, the documentary evidence is now clear that in summer 2001 – at the same time Bush’s National Security Council was ignoring warnings about an impending al-Qaeda terrorist attack – NSC adviser Condoleezza Rice was personally overseeing a government-wide task force to pressure India to give Enron as much as $2.3 billion.
Then, even after the Sept. 11, 2001, attacks, when India’s cooperation in the “war on terror” was crucial, the Bush administration kept up its full-court press to get India to pay Enron for a white-elephant power plant that the company had built in Dabhol, India.
The pressure on India went up the chain of command to Vice President Dick Cheney, who personally pushed Enron’s case, and to Bush himself, who planned to lodge a complaint with India’s prime minister. Post-9/11, one senior U.S. bureaucrat warned India that failure to give in to Enron's demands would put into doubt the future functioning of American agencies in India.
The NSC-led Dabhol campaign didn’t end until Nov. 8, 2001, when the Securities and Exchange Commission raided Enron’s offices – and protection of Lay’s interests stopped being politically tenable. That afternoon, Bush was sent an e-mail advising him not to raise his planned Dabhol protest with India’s prime minister who was visiting Washington. [For details on the Dabhol case, see below.]
Contrary to the official story, the Bush administration did almost whatever it could to help Enron as the company desperately sought cash to cover mounting losses from its off-the-books partnerships, a bookkeeping black hole that was sucking Enron toward bankruptcy and scandal.
As Enron’s crisis worsened through the first nine months of Bush’s presidency, Lay secured Bush’s help in three key ways:
--Bush personally joined the fight against imposing caps on the soaring price of electricity in California at a time when Enron was artificially driving up the price of electricity by manipulating supply. Bush’s resistance to price caps bought Enron extra time to gouge hundreds of millions of dollars from California’s consumers.
--Bush granted Lay broad influence over the development of the administration’s energy policies, including the choice of key regulators to oversee Enron’s businesses. The chairman of the Federal Energy Regulatory Commission was replaced in 2001 after he began to delve into Enron’s complex derivative-financing schemes.
--Bush had his NSC staff organize that administration-wide task force to pressure India to accommodate Enron’s interests in selling the Dabhol generating plant for as much as $2.3 billion.
Bankruptcy
As Enron’s corporate house of cards collapsed anyway in fall 2001, the toll was devastating. Investors lost tens of billions of dollars; some retirees were financially wiped out; 5,000 Enron employees were laid off. Enron’s accounting tricks also discredited its accounting firm, Arthur Andersen LLP, which was soon closed by government regulators.
But Bush was fortunate that the Enron scandal broke while he was still wrapped in the glow of favorable poll ratings that followed the 9/11 attacks. The Washington news media generally acquiesced to Bush’s insistence that he really wasn’t that close to Enron or Lay, though Lay had earned a Bush nickname: “Kenny Boy.”
The facts, however, suggest a political intimacy between Bush and Enron, especially with the now convicted swindler Ken Lay, dating back at least to Bush's first campaign for Texas governor in 1994.
By the 2000 presidential campaign, Lay was a Pioneer for Bush, raising $100,000. Enron also gave the Republicans $250,000 for the convention in Philadelphia and contributed $1.1 million in soft money to the Republican Party. Not only was Lay a top fund-raiser for the campaign, but he helped out during the recount battle in Florida in November 2000.
Lay and his wife donated $10,000 to Bush’s Florida recount fund that helped pay for Republican lawyers and other expenses. Lay even let Bush operatives use Enron’s corporate jet to fly in reinforcements. After Bush secured his victory, another $300,000 poured in from Enron circles – including $100,000 from Lay and $100,000 from Skilling – for the Bush-Cheney Inaugural Fund......
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