EVERYONE KNEW WHERE ENRON WAS GOING EXCEPT THE INVESTORS, EMPLOYEES AND the PUBLIC!
by Jeff Davis, son of TOM DAVIS BOOKS (now defunct, one of the great great book shops, was in Calif.)
Did anyone see the Today Show segment on Jan 31st 2002 featuring Daniel Scotto, a former analyst for Business News Publishing (BNP) He had some very telling remarks regarding Arthur Anderson’s handling of Enron’s books. He matter-of-factly stated that even a cursory glance of Enron’s financial condition, even in year 2000, showed warning signs that should have raised the eyebrow of the FTC, SEC and shareholders. Does anyone not see the light here? In my opinion, Enron was created to fleece hundreds of millions from its stockholders, with the blessings of both the Clinton and Bush administrations. Same old story.
The first analyst to publicly disclose Enron's financial flaws was Daniel Scotto who in August 2001 issued a report entitled "All Stressed up and no place to go" which encouraged investors to sell Enron stocks and bonds at any and all costs...In other words, Enron was looking all "spiffy," but was headed absolutely nowhere...except for collapse...stress city.
Daniel "Dan" Scotto is an American financial analyst. In August 2001, as an analyst with BNP Paribas, Scotto downgraded Enron securities from "Buy" to "Neutral". He took this action four months before the Enron accounting scandal was revealed that led to the company's bankruptcy. Scotto claims that he was fired due to this decision, a claim that is disputed by BNP Paribas.
King George’s "State of The Union" address was just so much jingoist b.s. it is hardly worth mentioning. The singlemindedness exhibited by our eloquent king should be justification enough for his impeachment, trial and imprisonment. More defense spending, a return to wholesome "American" values, pride in country in the face of the continued terrorist threat...on and on, blah, blah, blah. Anyone remember a second rate actor named...hmmmmm, what was that guys name? I’ve come to realise that the "address" is nothing more than a clapping fest for sycophants.
DAY OF GEORGE W> BUSH's INAUGURATION JEFF DAVIS WROTE:
The local paper here in Santa Cruz County, The Santa Cruz Sentinel, had a front page article Feb. 2, 2002 titled "DEA says hemp food is illegal". The obvious: Archer Daniels Midland can supply the world with their genetically modified, pesticide ridden, cardboard tasting rendition of soy protein, but we as Americans cannot choose what goes into our own bodies. Who are these people? The level of arrogance is alarming. In browsing the Web this morning I was happy to see that the hemp industry is on top of this already, has been for some time now. Hemp seed, and the oil from it, is one of the best sources of Omega 3 and Omega 6 fatty acids ever known to humankind. Entire cultures have relied upon the seed, oil, paper and cloth that can be made from this unique plant. It is easily cultivated, uses very little water, and turns otherwise useless soil into soil that will grow a wide variety of food crops. As always there’s much more here than meets the eye. Keep watchful, people.http://www.testpledge.com/Begin article 1
As always-disseminate far and wide giving credit where credit is due. The
opinion above is mine.
Comments to- candor @ tomdavisbooks.com
probably no good anymore as the shop closed.
Smoking Gun in Enrongate - Let the impeachment begin?
Mike Hersh - 01/24/02
Former Federal Energy Regulatory Commission Chairman Curtis Hebert, Jr. is going public with explosive allegations. Hebert says Enron CEO Ken Lay—the largest contributor to George Walker Bush—made improper demands. When Lay threatened that his close friend Bush, would fire Hebert unless he obeyed, Hebert refused. Lay ordered Bush to fire Hebert, and Bush complied in August 2001. Hebert has been on record about all of this for months, but he recently made a new, even more explosive charge. Hebert says Bush also let Lay INTERVIEW him and other candidates for FERC Chairman in the first place!
In a nutshell: Enron gave Bush $millions to sponsor his rise from a losing Candidate for the US House to the "leader of the free world." In return, Bush gave Enron "hireand fire" authority over the FERC, and performed other favors in return for money. This directly and personally ties Bush to the Enrongate scandal in all its illegality.
Bush betrayed his oath to the American people when he let Ken Lay hand pick regulatory watchdogs we entrusted to prevent the massive meltdown that cost Americans $billions. This makes letting the fox guard the hen house look like tender loving fiduciary care.
This is nothing new for Bush, who fired Texas Funeral Service Commission (TFSC) director Eliza May in retaliation for her investigations of Service Corporation International and its CEO Robert Waltrip. Waltrip—like Enron’s Lay—is a longtime Bush patron.
Bush lied under oath regarding this political quid-pro-quo, then he and SCI settled a lawsuit to keep May quiet. Texas taxpayers picked up $155,000 of the hush money tab, while SCI paid May the other $55,000, according to a Dallas Morning News story published 11/09/2001. Texans know this scandal as "Funeralgate."
The Rule of Law requires that Bush testify under oath about Funeralgate, his and his Brother John Ellis Bush’s Votergate activities during the 2000 election in Florida, and Enrongate. We already know George Walker Bush has an established pattern of helping his friends and backers evade regulation and possibly even criminal charges!
We must demand action now, because Enron and its accountants at Anderson have been destroying evidence by the box-load. We must know what Bush did, and why he did it.
Enrongate is not just a Bush scandal: this is a Republican scandal. Other top GOP officials like VP Dick Cheney, White House advisor Karl Rove, House Leader Dick Armey and Sen. Phil Gramm also helped Enron plunder and evade regulation. They helped Enron rip off consumers, investors and employees. Ignore Republican and media efforts to spin this as a business scandal or a bipartisan scandal. This is not about the generous, but legal contributions Enron made: 73% to Republicans, 27% to Democrats. This is a GOP political scandal because Republicans helped Enron pay no taxes in four out of five years, while hiding profits in offshore accounts. Despite the hype, no Democrat did anything of the sort.
Even with all these special favors, golden boy Ken Lay ran Enron into the ground. Adding insult to injury, if not perfidy to perjury, the Republican "stimulus porkage" aims to give Enron and Lay even MORE of your tax money. This Republican scandal exposes GOP corruption at the highest levels, but more profoundly, it reveals the bankruptcy of the GOP "government is the problem" ideology. It blows the lid off Bush’s Enronomics, and his plan to Enronitize Social Security, energy and other policies.
I am currently working on another article concerning these fundamental failures in Republican philosophy. For now, back to the immediate scandal. Already, Armey and Gramm are quitting politics to escape Enrongate, but ending their careers to enjoy tax-paid pensions may not be enough to satisfy justice and the Rule of Law.
These top Republicans—all outspoken critics of President Clinton’s conduct in office—should welcome full-scale investigations into their own apparent influence pedaling. As should House Whip Tom DeLay, VP Cheney, George Walker Bush, and other GOP leaders. As should Ken Lay, Sen. Gramm’s wife Wendy—a former regulator turned Enron board member.
If they broke the law, they should pay the penalty. That’s been the Republican mantra for nearly a decade. Let them prove they meant it by volunteering to testifybefore the US Senate—under oath, on national television. If they’re innocent, what do they have to fear? They should welcome the opportunity to come clean or set the record straight. Despite their nonstop pontificating about others’ lacking accountability, I’m not confident these Republicans will step up and do the right thing. We must take it upon ourselves to demand justice and uphold the Rule of Law. Call the media and your elected officials NOW to make sure they understand the real issues in Enrongate, Funeralgate, and Votergate.
Let the investigations, perhaps even impeachment begin!
Mike Hersh is a contributing writer for Liberal Slant:
http://www.apfn.org/ search on enron and Bush to find itPentagon draws up plans for invasion of Iraq by IAN BRUCE
MILITARY planners at the Pentagon have drawn up a blueprint for a two-pronged invasion of Iraq involving up to 100,000 US troops in support of local Kurdish and Shi’ite rebels.
The plan calls for a "sandwich" strategy which would see 50,000 Americans attacking from the Kurdish enclave in northern Iraq while another 50,000 advanced from Kuwait, and possibly Saudi Arabia, under cover of an overwhelming air umbrella of fighters and helicopter gunships.
The operational headquarters of the US 3rd Army was moved to Kuwait in mid-December to prepare for the mission and a team of air force analysts at the custom-built Prince Sultan airbase near Riyadh, the Saudi capital, has begun to compile "target sets" for a high-intensity aerial blitzkrieg.
State department officials under Ryan Croker, the man responsible for Middle East affairs, were in the region last week to assess Kurdish support for a US-backed revolt against Saddam Hussein’s regime.
Despite the political imperatives outlined in President Bush’s State of the Union call to arms, however, many senior officers are sceptical of the prospects for success of local insurgency on the Afghan model.
Others feel that a decisive result would require US deployment on the 500,000-man scale of the 1990-91 Gulf war, and would risk inflaming relatively moderate Muslim opinion in Saudi Arabia, Jordan, and Egypt.
Lieutenant General Paul Mikolashek, 3rd army commander, has told the US joint chiefs of the armed services that he would need between 150,000 and 200,000 combat troops to guarantee success, and possibly twice that number in support and logistical roles.
Military leaders are concerned that politicians may be tempted by the relatively easy and bloodless victory in Afghanistan into trying a repeat performance on an infinitely more militarily capable Iraq.
Despite defeat in 1991 and a decade of punishing sanctions, Saddam still fields one of the largest armies in the region, with 350,000 men under arms, 2700 tanks, 90 jets and 100 helicopters.
While many of the rank-and-file troops are of doubtful fighting quality, the core of his power rests with the 50,000 soldiers of the seven Republican Guard divisions and the 26,000 men of his "special guard" recruited from his own tribal area of Tikrit.
These units have 1200 T72 Russian-designed tanks, receive the best equipment and rations, and are paid four times as much as their regular army counterparts to help assure their loyalty.
More importantly, Iraq is believed to have 300 mobile anti-aircraft missile launchers, some of which have been upgraded with cash from the proceeds of oil smuggled via Turkey, Syria and Jordan to keep Saddam’s military machine and chemical, biological and long-range missile programmes functioning.
The Iraqi air force, short of spares and outclassed in technology, would be no match for US fighters, but the missile threat means there would be no rapid repeat of Afghan-style total domination of the skies over the battlefield.
If you get your news from mainstream outlets, it’s easy to come to the conclusion that our current Administration has done little other than fight a so-called War on Terror. 19 SAUDI MEN, SAUDI FUNDED. MINUTES AFTER, BUSH FLEW ROYAL FAMILY OUT OF USA. FREE. Before the attacks, Georgie and his boys were busy passing laws, cutting funds, pulling out of treaties and placing old cronies in key posts throughout the government. The following list looks back at the Administration’s accomplishments prior to 9-11. Whether you agree with them or not, you need to know what your government is doing in your name: Significantly eased field-testing controls of genetically engineered crops.Bush’s Pre-War Record
Dr. David A. Sprintzen, January 31, 2002
Cut federal spending on libraries by $39 million. Cut $35million in funding for doctors to get advanced pediatric training. Cut by 50%funding for research into renewable energy sources. Revoked rules that reduced the acceptable levels of arsenic in drinking water. Blocked rules that would require federal agencies to offer bilingual assistance to non-English speaking persons. Proposed to eliminate new marine protections for the Channel Islands and the coral reefs of northwest Hawaii. San Francisco Chronicle, April 6, 2001 Cut funding by28% for research into cleaner, more efficient cars and trucks. Suspended rules that would have strengthened the government’s ability to deny contracts to companies that violated workplace safety, environmental and other federal laws. OK’d Interior Department appointee Gale Norton to send out letters to state officials soliciting suggestions for opening up national monuments for oil and gas drilling, coal mining, and foresting. Appointed John Negroponte - an un-indicted high-level Iran Contra figure-to the post of United Nations ambassador. Abandoned a campaign pledge to invest $100 million for rain forest conservation. Reduced by 86%the Community Access Program for public hospitals, clinics and providers of care for people without insurance. Rescinded a proposal to increase public access to information about the potential consequences resulting from chemical plant accidents. Suspended rules that would require hard rock miners to clean up sites on Western public lands. Cut $60 million from a Boy’s and Girl’s Clubs of America program for public housing. Proposed to eliminate a federal program designed to help communities (and successfully used in Seattle) prepare for natural disasters. Pulled out of the 1997 Kyoto Treaty global warming agreement. Cut $200 million of work force training for dislocated workers. Eliminated funding for the Wetlands Reserve Program, which encourages farmers to maintain wetlands habitat on their property. Cut program to provide childcare to low-income families as they move from welfare to work. Cut a program that provided prescription contraceptive coverage to federal employees (though it still pays for Viagra). Cut $700 million in capital funds for repairs in public housing. Appointed Otto Reich - an un-indicted high level Iran Contra figure - to Assistant Secretary of State for Inter-American Affairs. Cut Environmental Protection Agency budget by $500 million. Proposed to curtail the ability of groups to sue in order to get an animal placed on the Endangered Species List. Rescinded rule that mandated increased energy-saving efficiency regulations for central air conditioners and heat pumps. Repealed workplace ergonomic rules designed to improve worker health and safety. Abandoned campaign pledge to regulate carbon dioxide (CO2), the waste gas that contributes to global warming. Banned federal aid to international family planning programs that offer abortion counseling with other independent funds. Closed White House Office for Women’s Health Initiatives and Outreach. Nominated David Lauriski - ex-mining company executive - to post of Assistant Secretary of Labor for Mine Safety and Health. O.K.’d Interior Secretary Gale Norton to go forth with a controversial plan to auction oil and gas development tracts off the coast eastern of Florida. Announced intention to open up Montana’s Lewis and Clark National Forest to oil and drilling. Proposes to re-draw boundaries of nation’s monuments, which would technically allow oil and gas drilling of national monuments. Gutted White House AIDS Office. Renegotiating free trade agreement with Jordan to eliminate safeguards for the environment and workers’ rights. Will no longer seek guidance from The American Bar Association in recommendations for the federal judiciary appointments. Appointed recycling foe Lynn Scarlett as Undersecretary of the Interior. Took steps to abolish the White House Council on Environmental Quality. Cut the Community Oriented Policing Services program. Allowed Interior Secretary Gale Norton to shelve citizen-led grizzly bearre- introduction plan scheduled for Idaho and Montana wilderness. Continues to hold up federal funding for stem cell research projects. Makes sure convicted misdemeanor drug users cannot get financial aid for college, though convicted murderers can. Refused to fund continued cleanup of uranium-slag heap in Utah. Refused to fund continued litigation of the government’s tobacco company lawsuit. Proposed a $2 trillion tax cut, of which 43% will go to the wealthiest 1% of Americans. Signed a bill making it harder for poor and middle-class Americans to file for bankruptcy, even in the case of daunting medical bills. Appointed a Vice President quoted as saying, "If you want to do something about carbon dioxide emissions, then you ought to build nuclear power plants" Vice President Dick Cheney on Meet the Press. Appointed Diana "There is no gender gap in pay" Roth to the Council of Economic Advisers. Boston Globe, March 28, 2001 Appointed Kay Cole James - an opponent of affirmative action-to direct the Office of Personnel Management. Cut $15.7 million earmarked for states to investigate cases of child abuse and neglect. Helped kill a law designed to make it tougher for teenagers to get credit cards. Proposed elimination of the "Reading is Fundamental" program that gives free books to poor children. Is pushing for development of small nuclear weapons to attack deeply buried targets-weapons, which would violate the Comprehensive Test Ban Treaty. Proposes to nominate Jeffrey Sutton- attorney responsible for the recent case weakening the Americans with Disabilities Act-to federal appeals court judgeship. Proposes to reverse regulation protecting 60 million acres of national forest from logging and road building. Eliminated funding for the "We the People" education program which taught school children about the Constitution, the Bill of Rights and citizenship. Appointed John Bolton - who opposes non-proliferation treaties and the U.N. to Under secretary of State for Arms Control and International Security. He's now in RUSSIA getting PUTIN to sign a missile ban.
Nominated Linda Fisher - an executive with Monsanto - for the number two job at the Environmental Protection Agency. ( ??)
Nominated Michael McConnell- leading critic of the separation of church and state-to a federal judgeship. Nominated Terrence Boyle - ardent opponent of civil rights - to a federal judgeship. Canceled 2004 deadline for automakers to develop prototype high mileage cars. Nominated Harvey Pitts - lawyer for teen sex video distributor-to head SEC. Nominated John Walters - strong opponent of prison drug treatment programs-for Drug Czar. Washington Post, May 16, 2001. Nominated J. Steven Giles - an oil and coal lobbyist - for Deputy Secretary of the Interior. Nominated Bennett Raley - who advocates repealing the Endangered Species Act- for Assistant Secretary for Water and Science. Is seeking the dismissal of class-action lawsuit filed in the U.S. against Japan by Asian women forced to work as sex slaves during WWII. Earmarked $4million in new federal grant money for HIV and drug abuse prevention programs to go only to religious groups and not secular equivalents. Reduced by 40%the Low Income Home Assistance Program for low-income individuals who need assistance paying energy bills. Nominated Ted Olson- who has repeatedly lied about his involvement with the Scaiffe- funded "Arkansas Project" to bring down Bill Clinton - for Solicitor General. Nominated Terrance Boyle - foe of civil rights - to a federal judgeship. Proposes to ease permit process - including environmental considerations - for refinery, nuclear and hydroelectric dam construction. Washington Post, May 18, 2001. Proposes to give government the authority to take private property through eminent domain for power lines. Proposes that $1.2 billion in funding for alternative renewable energy come from selling oil and gas lease tracts in the Alaska National Wildlife Reserve. Plans on serving genetically engineered foods at all official government functions.
Forced out Forest Service chief Mike Dombeck and appointed a timber industry lobbyist This list was compiled by Dr. David A. Sprintzen Professor of Philosophy Co-Director, Institute for Sustainable Development C.W. Post College, Long Island. To discuss this Article and other issues please visit the Guerrilla
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