how can this president

[mudbone]

gns61: "berlino, remember also that most of enrons antics were going on during clintons
administration. we forget enrons problems didnt happen overnight.
all these guys, unlike under sasquatch reno, will be prosecuted under bush"

Fact: Ken Lay was a big time donator to Bush's gubernatorial campaign and presidential campaign.
Fact: Ken Lay was nicknamed "Kenny Boy" by Dubya.
Fact: Ken Lay was part of group testifying in Cheney's energy committe for less regulation of energy industry.
Fact: Ken Lay is being tried on charges of fraud, (Mud's opinion here - basically cooking the books, defrauding investors and bankrupting thousands of people's retirement investments) though not convicted {yet}
Fact: Bush responded to this by nominating Harvey Pitt who promised a "kindler, gentler SEC" with respect to preceding accounting scandals such as Enron and WorldCom

Now couple this with right wing pro-business Republican mantra of less government and less regulation that led to Savings and Loan scandals of the 80s, enrgy and securities fraud of late 90s, and most intelligent people will begin to see a pattern.

Ignorant people will see this as Clinton's fault - hell, while you're at it, blame him for obesity epidemic in the States and the recent tsunami. There's about as much logical connection.

 

[eek.]

And what's the next big fraud Mud?

IMO the privatisation of Social Security is an irresistible dripping roast for the financial jackals.

 

[mudbone]

eek:
"And what's the next big fraud Mud?

IMO the privatisation of Social Security is an irresistible dripping roast for the financial jackals."


eek, you are dead on. this also was a pre-ordained doctrine from years ago (just like Iraq invasion) that they have to portray as an immediate crisis, imminent threat, etc., etc. Fact is non-partisan CBO says pushes the timeline for bankruptcy 10 years past where Bush sets it. Fact is Bush has not articulated what type of belt-tightening will be needed to keep it solvent.

The other interesting similarity is that the proposed solution further increases the deficit and weakens future economic well-being of US.

eek, hopefully they are out of frauds after this. but denial of global warming trends is just as egregious and i suspect many more frauds are on the way.

 

[xpanda]

Is your Social Security held as a trust? If so, what are they going to do with the funds currently held? Or have they already spent it on Iraq? And, how would the privatisation of SS be different from your 401Ks?

 

[Marco]

Best Bet:

Coattail Halliburton and whatever stocks and companies the Criminal and Vice-Criminal are invested in.....you can be sure they are looking out for thier own investments first and foremost....

And who said there were no locks?