Word: enronizing
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...supposed to be a week in which George Bush made common cause with the common man, a week of speeches and photo ops to show that the President who whipped the Taliban could also save our jobs and fix our schools. But when a gust of news blew the Enron mess from the business section to the front page, the country saw a tense, cautious President trying his best to distance himself from one of his biggest campaign contributors, the friend he used to call "Kenny Boy." In the Oval Office on Thursday, Bush told reporters he hadn't seen...
...there is no evidence that anyone in the Administration did anything wrong or that the half a million dollars that Lay and his fellow Enron executives invested in Bush's political career over the years bought them any special favors. But Bush knows he stands in the line of fire. Democrats have been unable to hang the recession on him, but many hope that Enron's hapless employees--whose retirement nest eggs vaporized even as their bosses were selling off more than $1 billion of their own stock--become the image that sticks. The Enron debacle goes...
...Enron mess has reawakened Washington's instant scandal culture, with the entirely predictable twist that Democrats and Republicans have exchanged their well-practiced roles. But there's one obvious comparison that Bush's advisers are at great pains to deny. "There is no war room, no task force, no team of lawyers working day and night to battle the Democrats," says an aide. "This is not the Clinton White House." The Administration finally disclosed last week how many meetings Enron representatives had last year with Vice President Dick Cheney or his staff--six, including one as late as October, when...
...Republican White House, which received the vast majority of the Enron money, struck an unbothered pose, relieved that neither Treasury Secretary Paul O'Neill nor Commerce Secretary Don Evans had lifted a finger when Enron came calling for help last fall. Still, the Bush team made one tiny bow to the explosive potential of the Enron scandal, hinting for the first time that it might fork over the details of Vice President Cheney's closed-door meetings with energy-industry officials last spring if a congressional committee requested them. Bush spokesman Dan Bartlett predicted that those papers, if released, would...
...anyone was having trouble making Enron go away, it was Harvey Pitt, a lawyer who represented the Big Five accounting firms before Bush named him to chair the Securities and Exchange Commission last year. Until the Enron scandal broke, Pitt had waved away demands for stronger regulation of corporate accounting and auditing. There were calls from lawmakers for Pitt to recuse himself from the sec probe of Enron, but Pitt refused--after a fashion, anyway--saying that such a step would hurt the agency's standing. He added, however, that director of enforcement Stephen Cutler would run the probe anyway...