Reply #222: Most of the enron fraud occured during the Clinton presidency

[techconomy]

I was directly effected by the crash within the energy industry. The lack of regulation during the 90's was the direct cause. These companies were chasing away the creditors by buying one another out from 98 to 2000, before the market correction took the wind out of their sails. Bush I believe would not have done anything differently than Clinton, but review the actual timeline and you'll see the fraud occured and began in the mid 90's. MCI Worldcom was lying to the public about fibre usage (reporting it near 95% when it was really near 5%) and billions were spent by DSL providers to install more cable that was never, ever going to be used. Flashcom and a thousand others spent billions, found out the hardway their was excess capacity, and then went bankrupt. MCI Worldcom is largely been ignored, the fraud they dropped on the public is largely why the economy is still stagnant. Again, Bush probably would have done nothing different, but this occured in the Clinton admin. I blame the private sector financial pigs far more than the government in either case, it wouldn't have taken much effort to find out the 95% capacity was an impossibility but everyone was making so much money they didn't care.


Your statements about highest IQ's voting for Kerry is bogus, yet another misconception. I put little stock in exit polls, people can easily lie about education and income, but here are the numbers from this most recent election:

Ohio 30% of all John Kerry votes came from people making less than 30k a year. 25% of Kerry votes have no, or just a high school education. In the upper end, 26% of Bush supports were college graduates or had postgraduate experience while 25% of Kerry supporters met that criteria. In the middle with some college and college Bush carried a majority of voters. In many states, a majority of states, anyone above the level of a high school education broke for Bush. In almost every case, people making more than 15k a year broke for Bush. In Florida for instance, Bush carried some college, college grads, and postgrads cleanly. The income level is pretty solid in most states that were in play in this election, in some the self proclaimed liberal elite with postgrad education did carry for Kerry. Each election cycle that advantage is shrinking though.

The only objection I have to people stating this election was won for Bush by the redneck bible thumpers is that the ACLU and NYTimes would go bezerk if a right wing newspaper like the Journal stated in an equally correct fashion that low income people and african americans are all that is keeping these elections even close. Both stereotypes are ludicrous, we are all americans, but that hasn't stopped the Times and other papers from being bigoted and biased.