Thursday, June 24, 2004

PUBLISHED: Bush enabled Enron's scheme

[actual published text in bold]

The outright malice revealed in the new Enron tapes is exceeded only by the outright corruption of a Bush administration that enabled and prolonged the 2001 Western power crisis.

Bush actively campaigned in 2000 against the price controls then in place, arguing for "open markets." But the only market ever opened was the segment already dominated by Texas companies like Enron and Dynegy, leaving the rest of the industry hamstrung.

Enron then ran prices up by shutting down plants, overloading transmission lines and flooding the market with bogus transactions. When Western senators threatened to reimpose price caps, Dick Cheney consulted head crook Kenneth Lay and testified against caps the following day. He even had the nerve to blame the "shortage" on environmentalists.

It is no coincidence that "the Crooked E" was Bush/Cheney's biggest contributor in the 2000 campaign. The tapes reveal that it expected a big payback, openly gunning for "Kenny Boy" to be named energy secretary and for its chance to shaft those socialist California grandmothers.

Enron engineered an illegal transfer of billions in wealth from the West Coast to Texas with the administration's blessing, displaying a level of corruption that makes me sick to my stomach. The least we can do is throw the Enron crooks in prison and the Bush administration crooks out of office.