As we know the Bush family is famous for savings and loan and corporate stock shenaningans. A good article on this is: A Fox Is About to Reassure Us Hens For President Bush to pretend to be shocked that some of the nation's top executives deal from a stacked deck is akin to a madam feigning surprise that sexual favors have been sold in her establishment. Dubya may have gaps in his education, but ignorance of "aggressive accounting" techniques and other scams they don't teach in Biz 101 is not one of them. Not only was the prez and ex-businessman himself a pro at milking failed corporations he made look good on paper, but too many family members, friends and members of his Administration have been implicated in scandals of the sort he now condemns. For Bush to argue that the unraveling of corporate America is the work of a "few bad apples" is a dangerous line of reasoning for him because an embarrassing number of those apples have fallen very close to the tree of his presidency. For example, the troubles of Vice President Dick Cheney are just beginning; the dubious accounting practices initiated at Halliburton when he was CEO are now the focus of a Securities and Exchange Commission investigation. The SEC is forced to investigate this and other potential business outrages despite the extreme reluctance of its chairman, Harvey L. Pitt--who was selected for the job by George W. himself after a career as a top lobbyist for stock brokers and accounting firms that opposed tough SEC regulation. More
Kagy , would it make you feel any more confident that he was actually indignant as opposed to being actually shocked over fraudulent stock evaluations practices.. I do know that Bush does deem to be realy indignant when the reporters mention his contradictory statments throughout the years regarding his sale of Harkin Oil shares shortly before a drastic drop in the price.
I would take a President who gets a blowjob from an intern in the Oval Office over a President who has the country bent over a rail economically and is giving it to us where the sun don't shine any day of the week. They're both slimy and scummy, but the one getting the blowjob never cost me any money.
MAN IN THE MIRROR: GEPHARDT RECEIVED UNSECURE LOAN FROM MCAULIFFE BANK My Loan Was Cleaner Than Yours! "It is hard to lead when you haven't done the things that you're asking others to do," Rep. Richard Gephardt of Missouri, the Democratic leader in the House of Representatives, said of President Bush's low-interest loans more than a decade ago from an oil company where he served as a director. "It's time this CEO, President Bush, took responsibility for his actions as a private businessman and as President of the United States," Democratic National Committee Chairman Terry McAuliffe declared this week. ""President Bush likes to preach responsibility.... when it comes to his own records, the motto is: 'The buck stops over there.'" Yet records show: A bank founded by DNC chairman Terry McAuliffe -- which federal regulators determined used unsafe and unsound banking practices -- awarded an "unusual and unsecured" loan to Gephardt in the late 1980s! MORE McAuliffe and several other Democratic Party stalwarts founded Federal City Bank, which drew many of its clients from its political connections. While sitting on the bank's board, McAuliffe also served as finance director for Gephardt's failed presidential campaign. During that time, Federal City made a $125,000 loan to the Gephardt Campaign. McAuliffe contended that he abstained from voting on the loan. The loans were "unusual and unsecured" and might have violated Federal election laws because it was unlikely they would have been made had it not been for the ties to the campaign of the two bank officers, it was reported at the time. Defending the loans to Gephardt's campaign, McAuliffe said that another Washington bank had told the Federal City Bank that it would advance the money for the loan. He said his bank had a letter from the other bank that they had approved the loan. But, when asked for the document, neither McAuliffe nore the bank's senior loan officer would furnish the letter or disclose the name of the bank they said had initially pledged to make the loan. An industry trade publication noted that Federal City lost $1.5 million in its first three years in business. In October 1991, federal regulators cited Federal City for unsafe and unsound banking practices and forced the bank to raise more capital or face being shut down. "Everyday, more questions arise," McAuliffe said this week. Of Bush.
So the fact that Gephardt got an unsecure loan justifys the activities of the Bush administration? You know I do agree perhaps with a possible thrust of your argument in that the dirt of the Democrats keeps them from going after a special counsel to investigate Bush and Cheny on these issues. Interesting the infidelity of Hyde, Gingrich and Livingston did not shame such Republicans from going after Clinton on his affair with Monica.
