-Caveat Lector-

http://www.flybynews.com/cgi-local/newspro/viewnews.cgi?newsid1011305019,92452
,


....All this could simply be chalked up as yet another story of corporate
greed run amok, until the umbilical political and financial connections
between Bush and Enron are illuminated. Enron's capo, Kenneth Lay, was
perhaps the best financial friend George W. Bush has ever known. Lay and a
number of Enron employees essentially bankrolled Bush's 2000 Presidential
campaign, going so far as to lend Bush an Enron corporate jet for trips
between whistlestops. Before Bush got White House stars in his eyes, he
worked very closely with Enron on energy policy in Texas.

This close connection led to the Bush administration's hiring of a number of
influential individuals within Enron's orbit for important government
positions:

- Thomas E. White, Bush's Secretary of the Army, was once Vice-Chairman of
Enron Energy Service, and held millions in Enron stock;

- Presidential Advisor Karl Rove owned as much as $250,000 in Enron stock;

- Economic adviser Larry Lindsay leapt straight from Enron to his current
White House job;

- Federal Trade Representative Robert B. Zoellick did the same;

- SEC Chairman Harvey Pitts was hand-picked by Kenneth Lay for the position,
due to his notorious aversion to governmental regulation of any kind.

There are some thirty one Bush administration officials who had a line item
for Enron in their stock portfolio, including Defense Secretary Donald
Rumsfeld. It is fair to say that the woebegone corporation held, and
continues to hold, enormous influence over the day-to-day machinations of
Federal government policy. One wonders if Bush's recent gutting of the Clean
Air Act, a decision designed to improve the fortunes of companies like Enron,
was the brainchild of people with deep connections to the energy industry.

The trail of influence left by Enron leads also to the scabrous heart
ventricles of Vice President Dick Cheney, who admitted recently to six
separate meetings with Enron executives while formulating the Bush
administration's energy policy. Cheney, a former executive of the Halliburton
Petroleum interest, was in charge of creating this policy. For reasons soon
to be exposed by subpoena, Cheney refused to detail the specifics of the
creation of this policy, which included the multiple Enron meetings.....


Bush's own dealings within the energy industry carry a disturbingly familiar
echo to the Enron situation: once upon a time, he was a high-ranking officer
of a petroleum interest called Harken Oil. On June 22, 1990, Bush sold his
Harken stock and made $848,560, earning him a 200% profit. One week later,
Harken announced a $23.2 million loss in quarterly earnings and its stock
dropped sharply, losing 60 percent of its value over the next six months.
Bush made a bundle while the other investors lost millions. Harken was Enron
in miniature, and might have served as a warning to the American people if
the press had chosen to pay any attention to it during the 2000 Presidential
campaign.

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