Enron confirms Bush’s
image
I like the Clinton political
sex scandal better.
It
was entertaining, and no one got hurt who didn’t already have it coming.
Not like Enron.
To its benefit, Enron
is an interesting portrayal of greed, the political power and access
that come with money and unethical business practices. But its only
salacious perk is that it confirms what everyone already knew about
President
Bush —he’s a big business
toady.
Enron is the political
gaffe I would have created if someone said, “Design a stereotypical
Republican scandal.” It’d be so easy — mix equal parts politics and
money and throw in some unfortunate proletariats who get hurt in the
process. Then shake.
Enron is Bush’s first
quasi-scandal, even though no one has proved the
White House did anything
illegal to help the Texas energy conglomerate, which in the last few
months has filed for bankruptcy, laid off 4,000 workers and admitted
to overstating its profits for the last five years by $586 million.
The
company’s employees also lost most of their retirement savings because
they were not allowed to sell their shares when the stock plummeted
as a result of the company actually divulging accurate financial information.
While
the company did support some Democrats’ political campaigns, it overwhelmingly
favored Republicans. In the last decade, Enron gave 73 percent of
its $5.77 million in political donations to Republicans. Bush raised
nearly $114,000 from Enron from 1999 to 2000, and Enron CEO Kenneth
“Kenny Boy” Lay personally donated $100,000 for the 2001 inaugural
gala.
Cynics and Bush’s critics
think they smell a rat. The President’s defenders might just call
it bad luck that he and other top-tier Republicans like John Ashcroft
happen to know Enron’s top execs.
Bush’s defenders think
media are unnecessarily swarming. There’s no proof of any wrongdoing
so back off, they say. A reasonable suggestion, but there’s still
a few things to consider.
White
House adviser Mary Matalin recently told talk radio “shock jock” Don
Imus that Bush’s critics “act like there’s some billing records or
some cattle scam or some fired travel aides or some blue dress.”
By pulling the Clinton
card, Matalin got it right. There is no blue dress — there are only
the green dollar bills that the Enron executives made and the employees
lost.
The stickiness of this
scandal is that Bush is a friend of financial cutthroats who schmoozed
and bought their way into the Washington beltway while fleecing their
employees and investors.
Former President Bill
Clinton’s impeachment scandal proved he is a lying lecher. But few
got hurt who weren’t already involved in the scandal. Despite all
her delusions to the contrary, Monica did know what she was doing.
The
Enron ties pose a different sort of presidential dilemma, especially
to a commander-in-chief who promised to bring dignity and honor back
to the executive branch.
Bush
is facing a guilt-by-association problem. Few probably doubted that
his best friends were boardroom dwellers. But of all the people to
be connected to now, only the American Taliban might be more commonly
despised than the Enron honchos.
The political fallout
of the scandal probably won’t amount to more than a special investigation
to see if the Bush Administration gave Enron red-carpet treatment
and special favors.
It
remains to be seen if that actually happened, so for now I favor a
more economical and old-school approach. I don’t find anything honorable
or dignified in a president who keeps company with corporate swindlers
just because they’re wealthy political donors.
- Kowalczyk can be reached at nk323298. Send him an email. Please.