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...more recent posts

Tuesday, Jan 15, 2002

friends in deed

"On the face of it, the sudden political storm over Enron is puzzling. After all, the Bush administration didn't save the company from bankruptcy. But then why did the administration dissemble so long about its contacts with Enron? Why did George W. Bush make the absurd claim that Enron's C.E.O., Kenneth Lay, opposed him in his first run for governor, and that the two men got to know each other only after that race? And why does the press act as if there may be a major scandal brewing?

Because the administration fears, and the press suspects, that the latest revelations in the Enron affair will raise the lid on crony capitalism, American style."