ECONOMICS

WHAT DID ENRON RECEIVE FOR ITS MASSIVE CONTRIBUTIONS?

Shareholders of all corporations have an interest in how corporate assets are utilized. If money is contributed to a politician, it should be for the benefit of the corporation. So the media should be concentrating on why ENRON gave so much money to politicians. If there was no advantage gained by the corporation, then it was inappropriate, and against the shareholders interests, to make the contributions.

The media focuses on the BUSH administration receiving calls from ENRON just before it tanked, but doing nothing improper to help the company. Ah, if that was the complete story, then we could all relax and commend our leaders for doing the right thing. But I suspect that there is quite a bit more to the story than that.

Charles Smith in the article that follows mentions a few instances where ENRON received good value for the shareholders during the CLINTON administration. Isn't it likely that the same occurred after the BUSH administration took office?

We all realize, of course, that when both political parties are caught with their hands in the cookie jar, that it is unlikely that either will be diligent in investigating the cookie jar raids. This phenomenon has repeated over and over again, so we certainly understand the problem of learning the truth about a long series of "investigations."

To our great loss, the media tiger has lost its teeth. It seems unable to uncover government crime and malfeasance any more. It seems that the media has sunk to reporting what it is told by the government without much, if any, attempt to find the truth about the subject.

The American people are the unfortunate victims of this complicity.

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