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Sunday, July 07, 2002
 

Analysis: Buying out Bush

President George W. Bush has a coherent record of failing, getting bought out, then selling out at inflated profits thanks to the same dodges that he will condemn in a high-ground speech about corporate malfeasance which he is scheduled to deliver on Tuesday, says Paul Krugman:

the administration has so far gotten the press to focus on the least important question about Mr. Bush's business dealings: his failure to obey the law by promptly reporting his insider stock sales. It's true that Mr. Bush's story about that failure has suddenly changed, from "the dog ate my homework" to "my lawyer ate my homework — four times." But the administration hopes that a narrow focus on the reporting lapses will divert attention from the larger point: Mr. Bush profited personally from aggressive accounting identical to the recent scams that have shocked the nation.

Bush's career appears to follow this pattern:

FAIL -> GET REDEEMED BY BECOMING A COMMODITY SOLD TO BUSH USERS -> FORGET THIS -> TAKE IT UP THE ARSE -> FORGET THIS -> IMAGINE ONE IS A SUCCESS.

If this is any guide to the future, then the President's moral high ground on Tuesday should evaporate with questioning from a vigilant press.

...

The above ellipsis is reserved for fits of uncontrollable laughter.

Consider the analysis


3:54:52 PM    



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