Word: lindseyism
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...years. Lay was disappointed last year when Bush backed away from a global-warming plan that would have been good for the natural-gas business, but Bush sided with the company in refusing to back price caps on California energy, of which Enron was a major supplier. Larry Lindsey, Bush's top economic adviser and a former Enron consultant, has battled on free-market grounds to preserve the kind of overseas tax shelters that hid Enron's true financial condition for so long. And in August Lay's backing helped put his friend Patrick Wood at the head...
...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-me call to Treasury in November...
...Washington listening for a measly $5.6 million. But by writing checks to most of the Hill and seemingly half of the Administration (and presciently employing the other half while the Democrats were in the White House), Enron effectively made itself a leper in distress. Ashcroft is off the case, Lindsey and Rove will be busily burying themselves in other matters, and Bush's best defense against a scandal will be to make sure Justice's special Enron-dedicated task force makes Ken Starr look like he went easy on the Clintons...
...energy deregulation, and certainly Bush didn't see Enron's role in the California crisis quite the way, say, Gray Davis did. And the list of Administration members with Enron connections is long indeed - aside form Lay buddies Bush and Cheney, Karl Rove was a big stockholder, Larry Lindsey and Robert Zoellick were $50,000-a-year board members, Marc Racicot was a lobbyist until Tuesday and Secretary of the Army Thomas White Jr. is a former executive...
Reverberations from the $60 billion collapse of energy giant Enron are spreading to the White House. Enron CEO Kenneth Lay, Bush's biggest donor, has many ties to Bush officials. Economic adviser Lawrence Lindsey and trade negotiator Robert Zoellick were once on the Enron payroll, and others, like political adviser Karl Rove, held sizable chunks of Enron stock. Now questions are being raised about the role Lay may have had in the energy task force overseen by Vice President Dick Cheney, which deliberated in secret and made policy proposals seen as friendly to industry. Representative Henry Waxman, a California Democrat...