Posted on 12/09/2001 7:26:27 AM PST by ElkGroveDan
Edited on 04/13/2004 2:02:19 AM PDT by Jim Robinson. [history]
WASHINGTON - "Humpty Dumpty sat on a wall, Humpty Dumpty had a great fall."
This week, this old nursery rhyme has taken control of this column. From Washington to Pittsburgh by way of New York City and Los Angeles with important detours to China, Japan, India, Mozambique, Croatia, England, Germany and elsewhere in the world, we have been watching and reading about the great fall of Enron.
(Excerpt) Read more at pittsburghlive.com ...
Government regulation creates the conditions by which businesses need lobbyists in Washington to look out for their interests. This then creates an atmosphere for big business to use government to further its interests. For example, anyone care to discuss how the Microsoft lawsuits started?
While I agree such discussion/deliberations should be public, Hillie, Willie, and his group of sewer dwellers kept the health care deliberations silent. But, it is too late, the media would NEVER suggest that Willie and Enron were connected. They, as always, want to go after the Republican, not the corrupt commie socialist.
Corporations, with government participation, have become the American equivalent of Soviet collective farms and industries. They have become bureaucracies with no accountability to their workers, stealing their pension funds, and absconding with funds for the elite executives.
Enron is a perfect example of the modern corporation, furnishing campaign funds for the use of complicit politicians to advance the fascist scheme for transnational corporations and world government. The biggest problem they face is the deteriation of production and the loss of purchasing power for their workers who cease to buy their products.
The law of diminshing returns is starting to show up in the corporate profit pictures. This is causing the current recession and promises to get worse. The private sector of individual entreprenuers is the only hope for the rejuvenation of our economy as the corporations continue to go down.
Enron was ruthless and they attempted to use everyone they could to further their business goals. I have stated here for more than a year now (long before Enron appeared to be in trouble) that Enron CEO, Ken Lay, was a Republican in name only. Lay was out for Lay and for Enron, period.
Ken Lay was a big backer of Lee Brown for Houston Mayor this year. He publicly endorsed one the dumbest persons on the planet for Mayor, a liberal Democrat against a true conservative.
Why? Because Ken Lay and other "civic leaders" of Houston use this Mayor like a puppet to line their own pockets.
Lay and Enron were happy to use the Clinton Administration in the same way, and I'm sure they hoped they could do something similar with the Bush Administration. So, sure, Enron donated to Bush, but it wasn't because they supported the Administration. They wanted to buy it.
Bush hasn't done anything for Enron, unlike the Clinton Administration. Or, at least we haven't heard of anything. I'm sure folks are looking for something.
But Enron did this to itself, and it would have done it even without any help from politicians. It was aggressive and arrogant about its own ability to manage risk. They, as a corporation, truly thought they were smarter than the rest of us.
But like Icarus, it flew too close to the Sun, and its wings of wax melted.
Blaming politicians for what happened is pure political spin by anybody who engages in it. Enron alone is responsible.
Is Ken Lay a part of the Lay family that owns Frito-Lay?
About every 6 months I find myself thinking X42 and his wife are even more corrupt than I thought they were and I thought they were criminals years ago. It has reached the point that I can now say that I would not be shocked by ANYTHING that is reveled about these two.
Conduct that you simply could not imagine any previous POTUS engaging in enters the realm of the possible when it comes to X42.
There in a nut shell is the problem with manufacturing off shore and a country that thinks it can survive by not producing tangible products within its borders but thinks it can with "service industries"...
Enron was nothing more than a middle man. And, as an example the California electricity "deregulation" scam, known as the worst policy mistake in California history, (authored by and passed by Republicans,BTW) was nothing more than the introduction of the middle man in the system....Of course, Enron was behind that type of "deregulation" (there is no other type).
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