Chris Cox Defends Enron
By on Jun 2nd, 2005 at 12:26 pm
Chris Cox Defends Enron
“The couple trillion dollars that we spend through every year, and even more that we spend when you count our borrowing, is conducted with such a lack of discipline, that I am amused if not ashamed by the indignation that we would show when we have executives from WorldCom or Enron or Arthur Andersen come before us and get high judgment.”
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He added, “And people who died in California traffic accidents when Enron shut down the traffic lights, why I’m amazed we can pass judgement after all the people we killed in Iraq.”
Republicans have no morals.
June 2nd, 2005 at 12:27 pmNot your usual good job. Please update the post to correct it.
The quote is out of context and the phrase “high judgment” doesn’t have any meaning. Basically, Cox was saying that Congress’ spending and accounting policies are so bad that even Enron would be ashamed.
June 2nd, 2005 at 12:38 pmEveryone’s a critic. Too bad the only show that matters doesn’t have to listen to the critics.
June 2nd, 2005 at 12:43 pmAnyone from Orange county should be squeezed, de-pulped and … hell, that guy already is drunk… with power.
June 2nd, 2005 at 12:46 pm22state is correct. Can you imagine a company with $7 trillion of debt?
Also, Congress has siphoned off and spent hundreds of billions of dollars from Social Security input payments. That’s much worse than anything Enron did.
Not to mention all of the crap on the CAGW pork list.
June 2nd, 2005 at 12:49 pmI think the point here is very simple. Cox is ashamed by Enron’s critics not Enrons conduct. As the posts below reveal, he actually enabled Enron’s conduct by pushing a 1995 law.
June 2nd, 2005 at 12:55 pmWell, if you voted for any of the politicians that did that, it’s your fault. So we all have to take a bite of the big shit sandwich. People aren’t perfect. People populate governments, which aren’t perfect by extension. People populate corporations which aren’t perfect, by extension. Oh! I get it!! Only the free markert is pure! No people there!
June 2nd, 2005 at 12:56 pmUhh, Tony, they BORROWED the money. We, the good people of the US are still owed it & we have bonds to prove it.
Let’s all hope Cox is better as SEC chair than he is as a congressman for Orange County.
June 2nd, 2005 at 12:57 pmBorrowing is not theft. It’s not fraud either, by Tony and BS’s cukoo bananas. It’s a bad investment! Learn some peronal responsibilty will you, Kindness!
June 2nd, 2005 at 1:11 pm22state is correct. Can you imagine a company with $7 trillion of debt?
Also, Congress has siphoned off and spent hundreds of billions of dollars from Social Security input payments. That’s much worse than anything Enron did.
Not to mention all of the crap on the CAGW pork list.
June 2nd, 2005 at 1:20 pmThis is a logical fallacy of the nature “A” isn’t bad because “B” was found to be worse. Its common on the internet. The injustice of B does not negate the injustice of A. In everyday terms its just lowering the bar for what constitutes unethical behavior. Enron behavior was in fact criminal, while the current borrow and spend Conservative Congress just acts in a way that seems criminalin the sense of being very irresponsible. Either way one does not excuse the other.
wtf SJS?!? Why are you saying I need to learn personal responsibility? Please re-read the above posts and get a clue.
June 2nd, 2005 at 1:27 pmSure it hurts you are being screwed by an elephant and kicked by a jackass.
June 2nd, 2005 at 1:41 pmI’m not excusing Enron’s behavior, I’m just saying that if Enron is bad, the federal gov’t is worse.
June 2nd, 2005 at 1:48 pmWhen you have a corporatism and a monetary system that just keeps piling on debt with no end in sight, you will have a corrupted system. It never fails. What is needed is a valid, workable monetary system that doesn’t allow for these kinds of things to take place. When the sky is the limit for all of this ‘helicopter money’, it will never cease. 425 billion dollar defense budget, 200 billion dollars spent to bomb Iraq for a couple of years now and on and on. The printing presses run non-stop. ‘Credit Card Mania’ is like ‘tulip mania’ in Holland when tulips were so prized, one tulip bulb would be traeded for a house in Amsterdam. It’s insane. The American dollar is now worth about five cents in 1900 dollars.
You will have Enrons and Worldcoms until hell freezes over. Obscene profits for large corporations are a symptom of a no holds barred government fiscal policy that allows for this stuff to go on.
It won’t stop until it crashes. Everybody will be blindsided and everybody will wonder what went wrong. It is just a matter of time. Get ready for the bubble to burst.
Republicans have no shame when it comes to money.
Money is not the root of all evil. The love of money is the root of all evil.
Republicans don’t know what else to love. They’ve become unreal. In the end. they will have caused a lot of suffering. Evidently, they could care less. No wonder their houses are slicing down mountain slopes in California.
June 2nd, 2005 at 2:15 pm#12 – Willie, I’m enjoying your recent theme. It fits in so many areas these days…
June 2nd, 2005 at 2:47 pmThe real economic picture
June 2nd, 2005 at 2:53 pmFor more on Enron, the destruction of Gray Davis and the creation of Governor Schwarzeneggar, see:
Enron, Markets and Grandma Millie
June 2nd, 2005 at 3:06 pmgee am i the only one laughing about the irony in this???
“Basically, Cox was saying that Congress’ spending and accounting policies are so bad that even Enron would be ashamed”
Wasn’t Cox a member of Congress, a member who voted to spend much of this money, a member who voted to extend debt and pay for lavish military expenditures by borrowing more and more?
June 2nd, 2005 at 3:28 pmMy point is that while Mr. Cox may or may not defend Enron – the quote does not either: (1) support the headline (2) inform the reader as to whether Mr. Cox supports corporate fraud, or (3) inform the reader as to whether Mr. Cox would be a good or bad SEC chair.
We have to be better and more accurate than the Christian Taliban. We must labor to provide as little fodder for the “well, liberals do it too” response to the CTaliban’s spins, twists, exagerations and lies.
I expect that given President Bush’s demonstrated interest in transfering wealth from wage earners to the rentier class and his distain for transparency and rule-following, that any choice he made for head of the SEC would be spectacularly bad – and I have not read anything about Mr. Cox to improve my outlook.
June 2nd, 2005 at 4:27 pmwtf SJS?!? Why are you saying I need to learn personal responsibility? Please re-read the above posts and get a clue.
kindness
I was just trying Tony and Buckshot’s crap on to see how it fit, kindness. It doesn’t. I’m way to big for it. Probably too poor and fat also, by their standards, which are pretty low, actually.
June 2nd, 2005 at 7:37 pmI’m not excusing Enron’s behavior, I’m just saying that if Enron is bad, the federal gov’t is worse.
Comment by Tony
The federal government is worse than Enron. Let’s drown the baby in the bathwater, like Grover Norquist wants, and then Enron and other corporations will be good. It’s all government’s fault. If only we had no government there would be no crime, corruption and poverty and misery. is that about it, Tony? Am I leaving anything out?
June 2nd, 2005 at 7:41 pm“I’m not excusing Enron’s behavior, I’m just saying that if Enron is bad, the federal gov’t is worse.”
Not worse, just on a different scale. The behavior and attitude is exactly the same. And all brought to us by the same people.
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