Bush / Cheney Talk Tough, but
Ignore the Skeletons in their Closets
Salon's Anthony York says that with every move Bush makes, his own
corporate past, and that of Dick Cheney, the former Halliburton
CEO, may come back to haunt him. These moves "remind
Americans of the corners Bush and Cheney cut during their days in
the executive suites of corporate America. [Bush dumped thousands
of shares of Harken stock and filed his disclosure forms 34 weeks
late. While Bush calls for accountability from company executives,
the SEC is investigating charges that the Halliburton Corp hid]
more than $100 million in losses while Cheney was the company's
CEO. [Jeff Faux] says the crisis of confidence goes to the
ideological core of the Republican Party's domestic policies. 'The
Republican domestic agenda rests on the assumption that less
regulation is better. It presumes that government has got to be
cut back and the market will deliver whatever you need. Now
they've got to plug up this massive leak in their ideological
dike.'"
http://www.salon.com/politics/feature/2002/07/02/bush/index.html Running
the Country like a Business - Means Bush Running It into the
Ground
Gene Lyons writes: "President Junior has kept at least one
campaign promise. He said he'd run the country like a business,
and that he has surely done. The Bush administration looks more
like Enron or WorldCom everyday: all smoke and mirrors economic
projections, make-believe accounting, bigshots cashing in while
everybody else's savings vanish, and zero accountability...
Anyway, it's the story of George W. Bush's life. Last week, with
the stock market closing its worst two quarters in 30 years, and
the dollar sinking on currency markets, nervous traders were
starting to wonder if what billionaire investor George Soros
called the 'Bush factor' -- part dogma, part sheer incompetence --
could throw the world economy into crisis... Back before Bill and
Monica discovered sex and invented sin, see, nobody ever heard of
insider trading or cooking the books. Well, OK, nobody except
George W. Bush."
http://members.shaw.ca/rbham/GeneLyons/july3.html
Bush's
Batting Average for Corporate Culprits Bests Texas Rangers'
Record
"Bush is so peeved about corporate America's
'wrongdoers'… that last week he spoke out about them four times
in four days. By the time he took a breather, the markets had hit
their worst half-year finish since 1970, the Nasdaq was at a
five-year low, the dollar was on the skids and, despite much
evidence to the contrary, a majority of Americans had told CNN/USA
Today pollsters that the country was in a recession… At least
five members of that theoretically tiny club [of corporate
culprits] have direct ties to the Bush administration: Enron,
Halliburton, Andersen, KMPG and Merrill Lynch - the last three all
former clients of the president's choice as Wall Street's top cop,
the S.E.C. chairman Harvey Pitt. Five for 15: Mr. Bush could have
used a batting average that high when he ran the Texas Rangers…
Thomas White, who was vice chairman of Enron Energy Services when
it allegedly hid $500 million in losses and manipulated the
California energy crisis, is still secretary of the Army."
NYTimes article here
(above from demdaily
news)
THE
DOG ATE MY HOMEWORK
President Bush repeatedly has expressed anger about the wave of
corporate accounting scandals. But the president himself has some
explaining to do. ... The SEC investigated the matter during the
administration of the first President Bush... 7/8/02
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