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MRC Alert: Borger: Don't Blame Clinton, Bob Rubin "Told Me"
Media Research Center ^ | Tuesday, July 23, 2002 | staff

Posted on 07/23/2002 1:49:56 PM PDT by backhoe

Subject: MRC Alert: Borger: Don't Blame Clinton, Bob Rubin "Told Me"


             ***Media Research Center CyberAlert***
      11am EDT, Tuesday July 23, 2002 (Vol. Seven; No. 114)
  The 1,315th CyberAlert. Tracking Liberal Media Bias Since 1996

Borger: Don't Blame Clinton; CNN's Karl Highlighted Congressional
Hypocrisy; "Suspected Islamic Militants"?; 3rd Place Donahue;
Jennings Special Tanked; Celebrities for Harkin

    #### Distributed to more than 10,600 recipients by the Media
Research Center, bringing political balance to the news media
since 1987. The MRC is the leader in documenting, exposing and
neutralizing liberal media bias. Visit the MRC on the Web:
http://www.mediaresearch.org. CyberAlerts from this year are at:
http://www.mediaresearch.org/cyberalerts/cyberwelcome.asp
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    When posted, this CyberAlert will be readable at:
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1) It's not Bill Clinton's fault. Bob Rubin told me so. In this
week's U.S. News, Gloria Borger, who also toils for CBS News,
ridiculed the attempt by Republicans to blame Bill Clinton for
corporate wrongdoing. "'Blaming Clinton is absolutely ridiculous,'
ex-Treasury Secretary Bob Rubin told me." She then blamed the
GOP's Contract with America, which "was flush with proposals to
roll back business regulation and legal accountability."

2) CNN's Jonathan Karl highlighted on NewsNight congressional
hypocrisy over condemning corporate accounting abuses. Karl
proposed that "Congress's own accounting practices look eerily
like the schemes used by Enron and WorldCom." An example: "Last
year Congress approved a $15 billion bail-out of the Railroad
Workers Pension Fund, but not a dime of that money was counted on
the balance sheet -- a trick not even WorldCom can pull off."

3) "Suspected"? A Reuters dispatch from Tokyo referred to "the
attacks by suspected Islamic militants that killed nearly 3,000
people."

4) A week after Phil Donahue's debut on MSNBC, it looks like it's
a battle for second place behind first place Bill O'Reilly with
Connie Chung so far beating Donahue. Broadcasting and Cable
magazine reported that MSNBC's Donahue attracted 660,000 viewers
in his first week, compared to 710,000 for CNN's Chung and 2.1
million for FNC's O'Reilly.

5) The controversy over Peter Jennings excluding country singer
Toby Keith from singing his song, "Courtesy of the Red, White and
Blue," on ABC's Independence Day prime time special sure didn't
attract viewers to the three-hour program. It lost to the Price is
Right and CSI.

6) Celebrities put out the bucks for a liberal. The Des Moines
Register reported that Senator Tom Harkin "has attracted a
glittering roster of Hollywood stars and entertainment moguls to
contribute to his re-election effort." Amongst his supporters:
The West Wing's Bradley Whitford and ER's Anthony Edwards. Plus,
Barbra Streisand and David Geffen.


    >>Latest edition of Notable Quotables, the MRC's bi-weekly
compilation of the latest outrageous, sometimes humorous, quotes
in the liberal media, is now online. Amongst the quote headings:
"Lobbying Against 'Weaker' Law"; "No Credibility Without
Regulation"; "Scandalous Support for Business"; "Judicial Watch's
Vanishing Label"; "Ruing America's Moral Weakness"; "Goofing Up
Liberal Talking Points"; "Gorbasm from Across the Pond"; "Phil
Donahue, Model Moderate" and "Ken Starr Aided Terrorists."
    To read all the quotes:
http://www.mediaresearch.org/notablequotables/2002/nq20020722.asp
    For the Adobe Acrobat PDF version:
http://www.mediaresearch.org/notablequotables/2002/pdf/July222002nq.pdf <<<


    1) It's not Bill Clinton's fault. Bob Rubin told me so. In
this week's U.S. News & World Report Gloria Borger, who is also a
"special correspondent" for CBS News where she co-hosts Face the
Nation and pops up sometimes as an analyst on the CBS Evening
News, ridiculed the attempt by Republicans to blame Bill Clinton
for the corporate wrongdoing. She then proceeded to blame the
GOP's Contract with America.

    "Don't Blame Bubba" declared the headline over her piece in
the July 29 issue.

    She outlined the theory: "The blame-Clinton scenario has the
appeal of a simple cartoon: Today's corruption began in the 1990s
and was shaped, as House Republican campaign chairman Tom Davis
puts it, by a 'culture of dishonesty and situational ethics that
flowed directly from the White House. A lack of accountability,
dishonesty, evasion, and dissemblance are the true legacies of the
Clinton era.' Ipso facto, Clinton did it."

    She then countered: "One small problem: He didn't. 'Blaming
Clinton is absolutely ridiculous,' ex-Treasury Secretary Bob Rubin
told me."

    The theory may have its weaknesses, but the fact that a
Clintonista doesn't like it is hardly authoritative.

    After making fun of how anyone could blame Clinton when he's
no longer President, an office he left barely 18 months ago, she
harkened back to 1995 to assign blame: "What about starting with
the fact that the GOP's 1994 Contract with America was flush with
proposals to roll back business regulation and legal
accountability?"

    Of course, her next sentence was not: "'Blaming the Republican
Congress is absolutely ridiculous,' ex-Speaker Newt Gingrich told
me." No, she agreed with the anti-conservative spin.

    Instead, she proceeded to favorably relay: "Who gets the
blame? No one in particular, says Rubin. But, he adds, the
trillion-dollar tax cut has only made it worse."

    An excerpt from Borger's U.S. News piece:

....When Federal Reserve Chairman Alan Greenspan last week
described an "infectious greed" permeating business, the verdict
was final: The bad boys got away with murder.

Republicans cringed in horror. After all, this corporate mess was
happening on their watch. They needed a plan, fast. Voters were
already beginning to believe that the administration was more
interested in protecting big business than little consumers. Would
a congressional stampede to punish corporate cads be enough to
salve the angry masses? Maybe. How about a daily presidential
reminder that the Republican Party is on the case? Wasn't enough.
Then someone had a great idea: What about returning to a
golden-oldie strategy-blame the mess on Bill Clinton, the baddest
boy of all? Perfect.

The blame-Clinton scenario has the appeal of a simple cartoon:
Today's corruption began in the 1990s and was shaped, as House
Republican campaign chairman Tom Davis puts it, by a "culture of
dishonesty and situational ethics that flowed directly from the
White House. A lack of accountability, dishonesty, evasion, and
dissemblance are the true legacies of the Clinton era." Ipso
facto, Clinton did it.

One small problem: He didn't. "Blaming Clinton is absolutely
ridiculous," ex-Treasury Secretary Bob Rubin told me. "We all have
our faults, and Bill Clinton has his faults. But money and greed
are not among them." Not only that, he adds, the notion that the
crooked culture of business stemmed from Clinton's personal moral
lapses is silly. "I never heard anybody in business extrapolate
from Bill Clinton's problems." And if they had, what exactly would
they have said? Gee, since President Clinton lied about Monica, I
guess I can cash in on these options? Please.

It's understandable that some Republicans might be looking       
elsewhere for explanations. But what about starting with the fact
that the GOP's 1994 Contract with America was flush with proposals
to roll back business regulation and legal accountability? Or that
Republicans led the fight to cut the Securities and Exchange
Commission's enforcement budget? Or that the Republican version of
last year's economic stimulus package would have provided $254
million in tax breaks to Enron? Nah. It's easier to lay it on
Clinton because it works. In one recent survey, about half of the
voters called him "at least partially responsible" for the current
business scandals. Is he still President?

This is not to say, of course, that Democrats are without
culpability. Eager to shed their image as antibusiness (and eager
to collect large, unregulated "soft money" checks from business),
Democrats consistently balked at imposing tough regulations on
CEOs and their auditing firms....

[In the 1990s] "Productivity was up," says Rubin. "Unemployment
was way down." So what happened? "Corporate debt was up and so was
the stock market. There had to be a period of adjustment." Who
gets the blame? No one in particular, says Rubin. But, he adds,
the trillion-dollar tax cut has only made it worse....

    END of Excerpt

    To read the article in full:
http://www.usnews.com/usnews/issue/020729/opinion/29pol.htm

    (The July 14 Fox News Sunday featured an argument between Brit
Hume and Juan Williams about whether to blame Clinton or Gingrich
for corporate misdeeds. For details:
http://www.mediaresearch.org/cyberalerts/2002/cyb20020715.asp#2 )



    2) Some contrarian reporting by CNN's Jonathan Karl featured
on Monday's NewsNight. Despite congressional outrage over
corporate accounting, Karl proposed that "Congress's own
accounting practices look eerily like the schemes used by Enron
and WorldCom."

    One example of the hypocrisy cited by Karl: "Congress has
perfected the art of understating expenses, sometimes not counting
them at all. For example, last year Congress approved a $15
billion bail-out of the Railroad Workers Pension Fund, but not a
dime of that money was counted on the balance sheet -- a trick not
even WorldCom can pull off."

    Raising how Congress does not count future Social Security
payments as liabilities, Karl noted: "Enron's alleged crime was
using accounting gimmicks to conceal its debts, which is exactly
what Congress does, but with much bigger numbers."

    Karl's piece closely matched an op-ed by him which appeared in
Monday's Wall Street Journal.
   
    Karl began his CNN story, which did not air on Inside Politics
but which Aaron Brown allowed to run on the July 22 NewsNight:
    "There's been no shortage of congressional outrage over shady
corporate accounting."
    Senator Chris Dodd, D-Connecticut: "This wasn't just cooking
the books. This was marinating them, sauteeing them and garnishing
them. This was a recipe for financial disaster."
    U.S. Rep. Billy Tauzin, R-Louisiana: "This is not accounting
101. This is fraud 101."
    Karl pointed out: "All that tough talk obscures a basic fact:
Congress' own accounting practices look eerily like the schemes
used by Enron and WorldCom."
    U.S. Rep. Michael Oxley, R-Ohio: "It appears now that senior
WorldCom executives deliberately hid almost $4 billion in
expenses, disguising its true performance."
    Karl outlined a similar scam pulled off by Congress: "But
Congress has perfected the art of understating expenses, sometimes
not counting them at all. For example, last year Congress approved
a $15 billion bail-out of the Railroad Workers Pension Fund, but
not a dime of that money was counted on the balance sheet -- a
trick not even WorldCom can pull off.
    "There's more. A lot more. Congress classified money for the
2000 census sues as emergency spending. Of course, the census is
not an emergency. It's been done every 10 years since the dawn of
the republic, but the move enabled Congress to keep $4.5 billion
off the books. And Congress was able to wipe $2.3 billion in cost
off the 2001 budget by simply paying military employees a day
early. That's because it moved the big payday from the first day
of fiscal year 2001 to the last day of 2000. And this sort of
thing is nothing new."
    Tim Penny, former Member of Congress: "That kind of gimmickry,
that kind of smoke and mirrors was part and parcel of the way we
did budgeting all during the 1980s."
    Karl: "In fact, back in 1985 David Stockman, Reagan's budget
director said: 'We have increasingly resorted to squaring the
circle with accounting gimmicks, evasions, half-truths and
downright dishonesty in our budget numbers. If the SEC had
jurisdiction over the executive and legislative branches, many of
us would be in jail.'"
    Senator Peter Fitzgerald, R-Illinois, to Ken Lay at a hearing:
"I'd say you were a carnival barker, except that wouldn't be fair
to carnival barkers. A carney will at least tell you up front that
he's running a shell game."
    Karl tied in the Social Security shell game: "Enron's alleged
crime was using accounting gimmicks to conceal its debts, which is
exactly what Congress does, but with much bigger numbers."
    David Walker, General Accounting Office: "What you won't find
in the U.S. government's financial statements is you won't find
shown as a liability the amount that the U.S. government owes to
the trust funds of Social Security and Medicare."
    Karl concluded: "If you counted all the money Congress owes
future retirees, the true size of the federal debt is several
trillion dollars higher, but don't look for the true debt to show
up on the debt clock any time soon. Like most federal laws, the
corporate accountability law won't apply to Congress."

    Indeed not.

    Karl also raised his perspective in a CNN Saturday Edition
interview with House Majority Whip Tom DeLay, MRC analyst Ken
Shepherd observed.

    The first question from Karl to DeLay on the 10am EDT show of
July 20: "I want to get right off on something that has been
bothering me since Congress started taking up this whole issue of
corporate accountability, and that's your own record, Congress'
own record with their own books. Let me just look at a couple
examples and get you to tell me what you think is going on here.
Congress, in the last budget last year, classified $4.5 billion
for the Census as a emergency spending. We've been doing a
census since 1790. They also shifted a military payday from the
first day of 2001 to the last day of 2000, creating savings of
$2.3 billion that weren't there. And they also shifted a corporate
tax deadline from the end of 2000 to the beginning of 2001. That
move created an extra $23 billion in mythical income for the
federal government.
    "Now, Mr. DeLay, you're a powerful member of the House. How
does this stuff go on in Congress' own budget? And how do you guys
have any credibility talking about corporate America?"

    Karl followed up: "Doesn't that create a credibility problem,
though? I mean, if you look at some of those practices, they're
almost exactly the kind of thing that Enron and WorldCom are
accused of, this kind of moving of numbers around to make one year
look better than the other. It seems like there's a credibility
problem there."
 
    "Cooking the Books is an Old Recipe for Uncle Sam" read the
headline over Karl's op-ed piece on the July 22 Wall Street
Journal which the MRC's Rich Noyes brought to my attention. Before
citing the same examples as the CNN piece, it began:

    "Here's an accounting scandal that hasn't yet hit the business
pages. The offending organization set up off-the-books mechanisms
to conceal debt, inflated its revenues by manipulating accounts
receivable, and understated costs by shifting employee pay periods
to the previous fiscal year. And it gets worse. Billions of
dollars of expenses were simply left off the books and other
expenses were paid by raiding the pension fund.
    "The scandal here is the federal budget, and it's brought to
you by Congress, the very folks who now say they're going to force
proper accounting standards on corporate America."

    Before listing the examples he also highlighted on CNN, Karl
suggested: "Congress's questionable accounting schemes are so
costly they make Worldom's $3.8 billion overstatement of profits
look like a rounding error."

    The op-ed offered a longer exposition on "the biggest federal
accounting gimmick: the so-called trust funds for Medicare and
Social Security. Just as Enron set up off-the-books partnerships
to conceal its debt, Congress has set up these trust funds,
borrowed money from them and spent it on current operating costs.
The promised benefits for future retirees amount to trillions of
dollars in future costs.
    "Yet as David Walker, head of the General Accounting Office,
explains, 'You won't find shown as a liability the amount that the
U.S. government owes to the trust funds of Social Security and
Medicare.' How can the government pretend trillions of dollars in
liabilities don't exist? 'When you deal with Social Security and
Medicare and other trust funds,' says Mr. Walker, 'they're really
not a traditional trust fund, they're really an accounting
device.' So much for the old 'lockbox' canard.
    "No private-sector corporation could get away with treating
its pension fund the way the federal government treats Social
Security. The Employee Retirement Income Security Act prohibits
it, but, of course, this law doesn't apply to Congress."

    For a bio and photo of CNN congressional reporter Karl, who
joined CNN in 1996 after stints at the New Republic and New York
Post:
http://www.cnn.com/CNN/anchors_reporters/correspondents/karl.jonathan.html

    It's very unusual for a perspective outlined on the Wall
Street Journal's editorial page to get air time soon after on a
television news broadcast, so CNN deserves credit for allowing
Karl's take on the corporate scandals, which is contrary to the
widespread media tableau in which only Congress can rein in out of
control greed corporate chieftains, to get some air time. 
    


    3) Does Reuters have doubts? A July 20 Reuters dispatch from
Tokyo referred to "the attacks by suspected Islamic militants that
killed nearly 3,000 people."

    "Suspected"? 

    The description, highlighted on Monday's "Best of the Web"
column on OpinionJournal.com (
www.opinionjournal.com/best), came
in the very last sentence of a July 20 story headlined: "Japan
Company Hits Sony, Jackson over 9/11 Single."

    Reporter Isabel Reynolds began the report from Tokyo: "The
Japanese owner of the rights to an all-star charity single aimed
at raising millions for victims of the Sept. 11 attacks says
Michael Jackson and Sony Music Entertainment seemed to be blocking
its release."
   
    The last sentence of the Reuters dispatch: "Jackson's
representatives said last October he had finished studio
recordings for the single, which he hoped would raise $50 million
for victims' families and survivors of the attacks by suspected
Islamic militants that killed nearly 3,000 people."

    For the article in its entirety:
http://news.yahoo.com/news?tmpl=story2&cid=638&ncid=762&e=1&u=/nm/
20020720/en_nm/leisure_japan_usa_dc_3



    4) A week after Donahue's debut on MSNBC at 8pm EDT, where
he goes head-to-head with Connie Chung on CNN and Bill O'Reilly on
FNC, it looks like it's a battle for second place behind first
place O'Reilly with Chung so far beating Donahue. But while MSNBC
remains in third place at 8pm EDT, Donahue has boosted the
network's audience at the hour by 86 percent over how many used to
tune in The News with Brian Williams.

    In a piece posted on the Broadcasting and Cable magazine Web
site, reporter Allison Romano ran down the numbers for Donahue's
first week, July 15 to July 19. For the week, Donahue attracted an
average of 660,000 viewers, according to Nielsen Media Research
data. CNN's Connie Chung Tonight, however, "pulled in 710,000
total viewers."

    Meanwhile, "Fox News' Bill O'Reilly maintained his
stranglehold on first place, harvesting an average 2.0 rating and
2.1 million viewers."

    At MSNBC Donahue, Romano pointed out, "is a welcome injection
to prime time. In the 8pm hour, Donahue drew 86 percent more
viewers to MSNBC compared to second quarter."

    For the Broadcasting and Cable magazine article:
http://www.tvinsite.com/broadcastingcable/index.asp?layout=story&d
oc_id=95612&display=breakingNews

    Tomorrow night Donahue will do a little gimmickry to try to
attract viewers: A town hall meeting in Houston with former Enron
workers. His guests on the July 24 show? Romano relayed: "Donahue
will be joined by journalist Molly Ivins and consumer advocate
Ralph Nader."

    But maybe more liberalness is not what cable TV news viewers
desire.

    As USA Today's Peter Johnson noted last week, after a big tune
in for Donahue's first night, he "lost a hefty 37% of his audience
on MSNBC Tuesday, barely beating CNN's Connie Chung for second
place in cable's 8pm ET/5 PT talk show wars."

    Given how Donahue fell behind Chung for the week, his
viewership must have dropped off more as the week progressed.



    5) All publicity may not be helpful publicity. The
controversy over Peter Jennings excluding country singer Toby
Keith from singing his song, "Courtesy of the Red, White and
Blue," on ABC's Independence Day prime time special sure didn't
attract viewers to the three-hour program. 

    Catching up on some old news here, ABC's In Search of America:
A Musical Celebration, hosted by Peter Jennings live from Mount
Vernon with music from venues around the country, beat NBC's
Friends but was trounced by a 9pm EDT repeat of CSI on CBS -- and
even lost to a 8pm EDT CBS prime time repeat of Price is Right and
a 10pm repeat of CBS's The Agency, a Neilsen chart in the July 10
USA Today revealed. And as for viewer preference in Independence
Day shows, NBC's 90 minute coverage of Macy's fireworks and
concert in New York City (from 9 to 10:30pm EDT), hosted by Rob
Lowe, handily beat ABC and Jennings.

    As the July 10 Washington Post reported: "In the battle of
Fourth of July specials, NBC's coverage of the Macy's fireworks
display in New York drew nearly 8 million viewers, way ahead of
ABC News's three-hour In Search of America special, which was seen
by 4.6 million. However, the most watched show on the holiday was
a CSI repeat, with 8.5 million viewers."

    For more about Keith's charge that Jennings rejected him after
objecting to the lyrics of his song, see the June 14 CyberAlert:
http://www.mediaresearch.org/cyberalerts/2002/cyb20020614.asp#3

    The stanza in question:
"This big dog will fight/
"When you rattle his cage/
"And you'll be sorry that you messed with/
"The U.S. of A./
"'Cause we'll put a boot in your ass/
"It's the American way."

    Despite how the show did in the ratings and the liberal
editorial judgment applied by Jennings to reject Keith, ABC and
Disney do deserve applause for devoting all of prime time to
patriotic programming. CBS's The Price is Right, CSI and The
Agency may have won the night, but what did they have to do with
America celebrating its first Independence Day since September
11th?



    6) A bunch of celebrities have contributed to the re-
election campaign of liberal Iowa Democratic Senator Tom Harkin,
the Des Moines Register reported on July 14, a revelation
highlighted on the July 15 edition of CNN's Inside Politics.

    This is another item I'm catching up with from my "pending"
file.

    Register reporter Jane Norman, of the paper's Washington
bureau, disclosed what she found in FEC reports: "When it comes to
the glamour campaign, Sen. Tom Harkin is winning hands-down. The
Iowa Democrat has attracted a glittering roster of Hollywood stars
and entertainment moguls to contribute to his re-election effort,
which as of June 30 had raked in $6.8 million."

    An excerpt from her July 14 story:

A review of Federal Election Commission records of nearly 6,000
contributors to Harkin's campaign turned up celebs such as Emmy
award-winning actor Bradley Whitford, who plays presidential aide
Josh Lyman in the NBC drama "The West Wing." Whitford, a native of
Madison, Wis., gave $2,000 to Harkin.

There's also actor Anthony Edwards, who until recently starred as
Dr. Mark Greene in NBC's popular series "ER." Edwards, who has
testified before Harkin in Congress, asking for more federal money
for autism research, contributed $1,000. Christie Hefner, the head
of Playboy Enterprises, gave $250.

A similar scan of contributors to the campaign of Harkin's
opponent, Republican Greg Ganske, doesn't turn up nearly as many
celebrity names....

For Harkin, songstress Barbra Streisand forked over $1,000, and
millionaire producer-screenwriter Stephen Bing gave $2,000....

Whitford, of "The West Wing," was traveling last week and couldn't
be reached for comment on why he's interested in a Senate race in
Iowa. But he says in the current issue of the magazine Business
2.0 that "I'm on a wonderful, tremendously partisan political
e-mail list with people who worked in the Clinton administration."

Harkin's other famous contributors include:

-- David Geffen and Jeffrey Katzenberg, producers who own
DreamWorks, a multimedia company, with Steven Spielberg. Each gave
$1,000.

-- Lew Wasserman, the late movie mogul, who gave $2,000.

-- Director Sydney Pollack, who gave $1,000.

-- Haim Saban, half-owner of Fox Family Worldwide, who gave
$2,000, and his screenwriter wife, Cheryl, who also gave $2,000.

Perhaps the most famous name among a list of more than 4,200
contributors to Ganske's Senate and recent House campaigns was
that of retired University of Iowa football coach Hayden Fry, who
gave $400 to Ganske back in 1999....

    END of Excerpt

    For the story in full:
http://DesMoinesRegister.com/news/stories/c4789004/18696435.html

    To remind yourself of who some of these celebrities are, you
can check their Internet Movie Database pages which features
photos and bios.

    For The West Wing's Bradley Whitford:
http://us.imdb.com/Name?Whitford,+Bradley

    For ER's Anthony Edwards:
http://us.imdb.com/Name?Edwards,+Anthony

    For Sidney Pollack, who has been in movies such as Random
Hearts and Eyes Wide Shut:
http://us.imdb.com/Name?Pollack,+Sydney


    No space left for a witty closing thought. -- Brent Baker


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TOPICS: Crime/Corruption
KEYWORDS: corruption; spinlies

1 posted on 07/23/2002 1:49:56 PM PDT by backhoe
[ Post Reply | Private Reply | View Replies]

To: Miss Marple; PhiKapMom
As I recall, you don't care much for Rubin...
2 posted on 07/23/2002 1:51:04 PM PDT by backhoe
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3 posted on 07/23/2002 1:54:48 PM PDT by backhoe
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To: backhoe
She then countered: "One small problem: He didn't. 'Blaming Clinton is absolutely ridiculous,' ex-Treasury Secretary Bob Rubin told me."

You mean, the same Bob Rubin now ensnared in the the Citigroup assistance to the Enron fiasco? Gloria, it's a bitch being over-taken by events.

4 posted on 07/23/2002 1:59:08 PM PDT by dirtboy
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To: dirtboy
As with all things clintonian ( and from bitter experience and history ) we are only seeing the tip of the iceberg here.
5 posted on 07/23/2002 2:13:34 PM PDT by backhoe
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To: backhoe
"[In the 1990s] "Productivity was up," says Rubin. "Unemployment was way down." So what happened? "Corporate debt was up and so was the stock market. There had to be a period of adjustment." Who gets the blame? No one in particular, says Rubin. But, he adds, the trillion-dollar tax cut has only made it worse...."

what in the hell does an income tax cut have to do with corporate debt and a falling stock market. HOW FRICKIN RIDICULOUS!
6 posted on 07/23/2002 2:17:47 PM PDT by Texas_Jarhead
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To: dirtboy
Do you think Rubin told her that his and Corzine's pals at Goldman Sachs were forcing customers to buy dot craps at inflated prices if they wanted to get in on the next dot craps IPO?
7 posted on 07/23/2002 2:19:47 PM PDT by jwalsh07
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To: backhoe
You are correct, I do not care much for him. I do believe, however, that he is very smart, in a sharkish kind of way.

Anytime I hear the media extolling someone as a genius, I am highly suspicious. There are too many links to Rubin and questionable activities.

I also would like to know his role in those California bonds that are apparently going to save Gray Davis's bacon.

8 posted on 07/23/2002 2:33:16 PM PDT by Miss Marple
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To: dirtboy
What I thought was most funny about the news from Accuracy in Media was that hollywood nutcases like barbra strayhund flew out to fund raise from him (along with other lowlifes!) In a way, it kinda does your heart good to know that so many super rich celebrities are so genuinely stupid and so very willing to support absolute filth like harkin.
9 posted on 07/23/2002 2:38:30 PM PDT by Republic
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To: dirtboy
ooooooooooops..in the above, I meant Media Research not Accuracy in Media. DUH! Call me Barbra!
10 posted on 07/23/2002 2:39:31 PM PDT by Republic
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To: Texas_Jarhead
Aw, you know it's just the cheap, obligatory slam at the President all these trolls perform every time they speak. What disgusts me is how the "fair & unbiased" media lets them get away with it and even echos them.
11 posted on 07/23/2002 2:48:07 PM PDT by backhoe
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To: Miss Marple
Anytime I hear the media extolling someone as a genius...

Yes, we had enough of that foolishness recently, didn't we?

12 posted on 07/23/2002 2:49:48 PM PDT by backhoe
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To: dirtboy
Rubin presumably knew the news about himself was about to come out. I wonder if he told Borger this stuff because he wanted to make her look silly.
13 posted on 07/23/2002 2:51:13 PM PDT by aristeides
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To: aristeides; Miss Marple
He might have had a minor heads-up from the folks at the New York Times, but to be honest, I think it's because he is not sure what is going on elsewhere.

If Citigroup was helping Enron hide loans as commodity trades, then they are in trouble. And you have the Dems top economics guru as the person in charge - quite possibly when things happened.

I'd be very surprised if an investigation wasn't started at Enron's collapse. Somebody could be in serious trouble. And Enron might not be the only company involved in such a deal. If Clinton's SecTreas is nailed for helping cook the books from 1999 to the present...
14 posted on 07/23/2002 2:56:01 PM PDT by hchutch
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To: backhoe
don't care much for Rubin!

Now that is probably the understatement of the day! LOL!!!!!!!!!

15 posted on 07/23/2002 3:36:57 PM PDT by PhiKapMom
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To: backhoe
Forgot to thank you for posting this from MRC. I get in my email and they watch and report on networks I refuse to watch! This keeps me up to date without having to watch some of these networks!
16 posted on 07/23/2002 3:38:11 PM PDT by PhiKapMom
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To: PhiKapMom
Glad to do it... I just hate the television- nearly all of it, to the point that I only watch the financial channel, History, and sometimes the Discovery and Learning channels. I will turn on the news for "pretty pictures of breaking events" which is one of the few things they do well, albeit in a shallow manner.

MRC's newsletter is great, and I try to get everyone to subscribe to it so they can see just how much they are being spun everyday.

17 posted on 07/23/2002 3:53:07 PM PDT by backhoe
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