Media too quick to connect Bush to Enron
'guilt by association' makes no sense
Kevin Binversie
Issue date: 2/4/02 Section: Editorial/Opinion
As of this writing, The Nation has yet to apologize for the error and the Astros are pondering changing the name of Enron Field to a more willing and ethically pure corporate partner.
So now it seems that Enron can't even put its name on anything?
This takes us to the next step of the Enron story. The return of Campaign Finance Reform as the discharge petition has finally gotten the 218 needed signatures to get the bill on the House floor. Fine, let the "reformers" have their fun.
But in all honesty, McCain-Feingold and Shays-Meehan have good intentions, but will fail because of one simple fact: Crooked people will continue to find crooked ways to give crooked money to crooked politicians.
Yet, as in any story, there is that sub-plot that comes out of nowhere with the intention of throwing a wrench into the whole thing.
Henry Wazman (D-CA), the ranking member of the House Government Reform Committee is raising a stink over Commerce Secretary Don Evans and Treasury Secretary Paul O'Neil for the sake of the employees and share holders who lost millions in the collapse. That might work, but then again, this isn't the Soviet Union.
The sad truth of Enron's demise is that companies fail in a capitalist economy. Mostly because they are run by executives who make mistakes and have bad judgment that end with a corporate giant going down in flames.
Sometimes, they even decide to raid the ship's safe as they run for the lifeboats.
In the end, congress must do what's right and amend 401(k) so that employees are better educated about what they are getting into and understand the risk of investment and asset allocation.
But, if regulation goes too far, Congress will make one of the greatest private pension plans available to working Americans impotent.
So now it seems that Enron can't even put its name on anything?
This takes us to the next step of the Enron story. The return of Campaign Finance Reform as the discharge petition has finally gotten the 218 needed signatures to get the bill on the House floor. Fine, let the "reformers" have their fun.
But in all honesty, McCain-Feingold and Shays-Meehan have good intentions, but will fail because of one simple fact: Crooked people will continue to find crooked ways to give crooked money to crooked politicians.
Yet, as in any story, there is that sub-plot that comes out of nowhere with the intention of throwing a wrench into the whole thing.
Henry Wazman (D-CA), the ranking member of the House Government Reform Committee is raising a stink over Commerce Secretary Don Evans and Treasury Secretary Paul O'Neil for the sake of the employees and share holders who lost millions in the collapse. That might work, but then again, this isn't the Soviet Union.
The sad truth of Enron's demise is that companies fail in a capitalist economy. Mostly because they are run by executives who make mistakes and have bad judgment that end with a corporate giant going down in flames.
Sometimes, they even decide to raid the ship's safe as they run for the lifeboats.
In the end, congress must do what's right and amend 401(k) so that employees are better educated about what they are getting into and understand the risk of investment and asset allocation.
But, if regulation goes too far, Congress will make one of the greatest private pension plans available to working Americans impotent.