Word: breaux
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...course Enron's tentacles aren't just about the Republicans - Enron wrote checks to Senate Energy Committee Chairman Jeff Bingaman and energy-state centrist John Breaux, among others - and they aren't just about political cash. Bush Administration officials with other financial ties to Enron include former stockholder Karl Rove, former advisory board members Larry Lindsey and Robert Zoellick, former lobbyist Marc Racicot and former executive Thomas White Jr. (he's Secretary of the Army). And Robert Rubin, the Democrats' economic ombudsman - but also a big shot at Enron-exposed Citigroup - is on the hook for making his own help...
...While Bush and the Republicans have gained the lion's share of attention from Enron and Lay, they get at least a little cover from the company's campaign contributions to prominent Democrats, such as Senate Energy Committee Chairman Jeff Bingaman and Louisiana Senator John Breaux. Enron and its top officials have hired the well-known Democratic lawyers Robert Bennett and David Boies. And Bob Rubin, the Democrats' high priest of economics and finance, was caught fishing-albeit tentatively by all accounts-for Treasury intervention on Enron's behalf...
...with John Breaux, Zell Miller, and Ben Nelson on board, the bill could pass the Senate by a narrow margin - if it were to ever come to a vote. And that's where Daschle (and of course Jim Jeffords) come...
...sides to claim that it was their policies that did the trick. But there look to be at least few casualties along the way. The New York Post has it that one is Treasury Secretary Paul O'Neill, who after getting jilted at the altar by John Breaux on a Senate compromise bill started telling reporters that the recovery was imminent anyway. When your job is to sell your boss' agenda to the Hill, the boss doesn't take it to kindly when he demands a bill by Thanksgiving and then has to demand it again by Christmas...
Sperling agrees that fixes will be needed "down the road." If last week's skirmishing was any guide, that road may be a long one. Bush would like Congress to take up the issue next year, but nobody expects it to. Senator John Breaux, one of the few Democrats who favor partial privatization, told CNN, "It will not happen this year, and I guarantee you it's not going to happen in an election year...