Right Wing Scams: 'Why Don't You Start Calling Me Gordon?'

by Len Hart, The Existentialist Cowboy

All but forgotten now, Enron --it's rise and calamitous fall --dominated front pages and sucked up airtime until knocked out of contention by 911. As I was reminded, it was the ghost of Gordon Gekko, brilliantly portrayed by Michael Douglas in 'Wall Street', who both presaged and haunted the fail of Enron and all those who served it or were temporarily enriched by its corporate shams and schemes.

As was the case in the 'Roaring Twenties', fortunes were lost in a heart beat, economic empires collapsed in the blink of an eye. Enron was one of them. Conveniently for the new Bush administration, indeed, the GOP itself a crime syndicate, corporate 'person-hood' benefited from a timely stay of execution -- 911.

Wall Street was one of Hollywood's more pertinent parables even if the name "Gekko" was a bit obvious. Real Gekkos (spelled Gecko) make fairly good pets --or so I am told! They eat roaches. And of late there are no shortage of roaches. The largest roach colonies are found in Washington D.C., Austin, TX, K-street or Wall Street --all sites of irradicable infestations. As we have seen, the GOP eats it own.

Opportunities for metaphor and analogy are endless and every comic needs a foil. Had there been no crooks or idiots, the careers of Voltaire and Mark Twain would have been much less brilliant. We owe a great debt to totalitarians, snobs, goppers, corporate crooks, Bush's surrogate torturers and would-be dictators. Where would Stephen Colbert be without them? Alas, the blog-o-sphere would be scrambling for material.

Enron was run by a gang that most certainly thought that, being "captains" of "industry", they could just pull out and disappear. I suppose every crook thinks that they will get away with it.

Enron will prove to be one of the most important episodes in the history of American business, and its story, from beginning to end, is inseparable from Ken Lay, its founder and long-time chairman. Thus, what people make of Enron—and what lessons they draw from it—will depend to a considerable degree on how they understand Lay.

As I’m sure you know, Enron has to date been blamed largely on free-market politicians, heartless corporate managers, and an egoistic chairman. In fact, as my book will show, Enron relied heavily on government favors, was run by postmodernist managers, and had as its chairman the kind of person Ayn Rand would have called “a second-hander.”
--On the Fall of Enron and Ken Lay: 'Philosophical Fraud' at an Errant Energy Company (and cap-and-trade, renewables forerunner), Robert Bradley Jr.

The US is, likewise, a financial shell. When GM, at last, is swallowed up by a foreign auto maker, what incentive will the new entity have to employ American workers when they can do just as well in Japan or Malaysia or China?

We have become a nation of consumers lent money by China so that we can buy goods manufactured in China. We are cattle, cows to be milked. When the teat runs dry we will be abandoned to third world status if we are not already.

In the meantime, the Bushies and other GOP Geckos will have run off with the last scraps of US wealth if they have not done so already. See the CIA's World Fact Book which lists the U.S. at the very bottom of the list with the world's largest negative Current Account Balance, formerly called the 'balance of trade deficit'. China tops the list with the world's largest POSITIVE Current Account Balance. Every banker can equate that with his own balance sheet and conclude that China, because of the policies of the GOP, now owns America if not the entire world.

The house of cards appears to have fallen --but not just yet! Like Ken Lay, Bush and his gang are most surely clinging to the belief that, unlike Lay, they will get away with it. Chances are good that Bush will live out the rest of his wasted life too stupid to regret a damn thing! It is this luxury, available only to the stupid, that I resent most!

Iraq was a big screw up. The invasion and theft of Iraqi oil was supposed to bail them out. Things have not quite worked out as planned. Then again, perhaps they have exceeded Bushco expectations. They are not yet jailed nor executed for capital war crimes (see: U.S. Codes, Title 18, Section 2441).

Just as Hitler thought he had learned from Napoleon's mistakes, Bush most certainly thought he had learned from Hitler's.

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The Rise and Fall of The Enron Empire

by Len Hart, The Existentialist Cowboy

The recent death of Ken Lay revived memories of a corporate scandal that seemingly triggered the fall of lined up dominoes. I had hopes that the truth about corporate America would trigger some real reforms, a sea change in American attitudes about how business is conducted, and, at least, some introspection about the shallowness of American culture.

I was dissappointed. Greed still motivates corporate robbers barons. Corporations are still considered to be "persons" in the eyes of the law. At the time, I asked: what happened to Enron? Occupying its own gleaming glass and steel skyscraper in downtown Houston, Enron seemed invincible, epitomizing what it meant to be an American corporation. That turned out to have been its downfall.

As much of the world suspected at the time, the American corporation was revealed to be a shell. Enron, for example, produced nothing. It bought and sold natural gas and manipulated spot market prices. It's huge purchasing power literally put the screws to California; the result was a long hot summer of rolling black outs and power shortages. Enron executives and traders were tape recorded cackling and hooting over California's problems --problems that bore the Enron trademark.

What then was the source of Enron wealth? Aside from the profits made manipulating markets, Enron was the recipient of some $10 billion from Saudi royals who still have questionable ties to both Bush and world wide terrorist organizations. That the money was morally tainted didn't stop Kenneth Lay and the robber barons of Enron. Enron was, in fact, in business with "bankers to the terrorists". Only the incurable incurious would not want to know more about the Enron connection to known 'terrorist' organizations --especially those having ties to George W. Bush, Dick Cheney and the 'American' oil industry.

Since the Reagan "revolution" and the rise of dubious economic theories like "supply-side" economics, the actual manufacture of anything of value seems to have fallen to Chinese corporations. The effect has been a cancer on the American economy, beginning with Reagan and having resumed with George W. Bush.

American companies are encouraged by all too friendly, conservative regimes to engage in questionable business practices. The political climate in which these huge businesses operate is much more than merely pro-business, it seems to be anti-everything else. There are large margins for error when tax breaks favor you, and your company can write-off a panoply of follies, inefficiencies, and borderline behaviors. Enron literally created new subsidiaries out of thin air and put a "book" value on them that had more to do with delusion, megalomania, and psychosis than it did with economics or accounting.

That's old news. I am more inclined to confine my focus to the effects this "pro-business" climate has had on the American "character". For example: do we still have character?

Before the rise of Bush, America, despite her many shortcomings, was still admired around the world. Now, we are reviled; and if the various religious and secular guests on a recent installment of Bill Moyer's Faith and Reason are accurate, the world wide revulsion to American culture has reached epidemic levels.

One does not have to be an Islamic radical to find America crass, obsessed with bigness for the sake of bigness, and arrogant for the sake of feeling "cool". Nevermind that there is no hard evidence to support Bush's official conspiracy theory of 911; I have concluded that to the degree that there is a real terrorist threat, it is nothing more nor less than blow-back, a fatal resistance to the arrogant bully on the block.

Now George W. Bush has made of America, the "state" version of Enron. The fact that this nation is financially as well as morally bankrupt is papered over with lies that must surely be compared to Enron's phony books. Many Enron employees, for example, were encouraged to take part of their salary in company stock i.e. you let me cut your salary and I'll make up the difference with worthless pieces of paper —Enron stock. On the national level, Bush tried to sucker retirees out of their Social Security with an equally dubious plan.

Of course a good "con game" requires a willing and greedy sucker. Enron was seen to be a place where employees were seduced into believing that after ten years they could retire rich in Sugarland —Tom Delay's ultra-conservative district. The three words that summed up the Reagan years also describe Enron and the administration of George W. Bush. Those words are: Greed is good!

Because greed is good, all orgnizations, especially American corporations, will inevitably trend toward inefficiency and mediocrity. An American middle manager, for example, is not likely to hire anyone smarter than he/she; secondly, he/she will look for someone that is "like" him/herself. Should the surprisingly competent get hired, he/she will probably leave for a better job where the cycle will repeat itself. Meanwhile, mediocrity, like sour cream, will rise to the top. The truly bright and talented don't go to work for corporations and, if so, it's only until they find something better. The "company man" is not likely to change the world, is not likely to leave a footprint on history. Corporations are not looking to hire philosophers, honest politicians, revolutionaries, poets, or dramatists.

Power for its own sake has become the corporate raison d'etre, just as it similarly motivates Bush and Bushie. Corporate power is based upon an absurdity —that corporations are individuals and have all the "rights" of individuals. Moreover, corporations, if they are to be considered "people", must certainly be seen to be psychopaths. For this reason, the Bush administration, as a collective, as a corporatized government, should be locked up and straight-jacketed.

It was the Reagan administration that began the corruption of American values despite sticking on the word "family". In retrospect, the Reagan administration can be thought of as proto-Bush. Adding their own absurdities to the the moral rot, the Bush regime threatens to bring down this country like Enron, like the Twin Towers, like a collapsing bag. To greed is good has been added Thom Friedman's what does being right have to do with anything?

Thus Friedman has made his lasting contribution to American culture. In the future, when one wants to describe a society in which nothing of value is valued, where only lies are celebrated, they will quote Friedman. Indeed, if being right has nothing to do with anything, what difference did it make that Enron's subsidiaries were almost all entirely fictitious? Friedman may consider himself 'lucky' for claiming that dubious phrase; it might have been puked up by an Enron executive some six years ago.

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