Wednesday, April 26, 2006

Enron nation...continued

A few days ago I blogged about Enron's former CEO Jeffrey Skilling testifying at his criminal trial. Skilling claimed not that he didn't know about any fraud but that there wasn't any fraud period. Sounded a lot like the Bush administration telling people "move on, nothing to see here" while the fireworks factory explodes behind them ala The Naked Gun. Now Ken ("Kenny-boy") Lay has added the bookend to the argument that we really live in an Enron nation.

Lay has had his chance at the same criminal trial to explain how Enron imploded and he knows exactly what brought his company down - the press. Lay claims that Enron was a sound company until three articles in the Wall Street Journal created investor anxiety and started a classic "run on the bank." So once again it's the media, the press that really is to blame. The only thing missing here is a claim it was the "liberal" media who "hates America" or "is against capitalism" that ran the stories. The stories turned out to be true and had the media given more scrutiny earlier about how this company was really making so much money maybe people would have avoided the financial ruin they live with today.

So back to the Dear Leader better known as "The Decider." Recently he and his Decidee Donald Rumsfeld accused the media of playing into the hands of terrorists by being manipulated by their acts of violence and propaganda. This echoes the Republicans who know that Iraq is going end badly and they are setting up who lost Iraq - the media of course. If they only showed the "good" stories from Iraq things would be better. As if seven car bombs exploding in say Miami or Chicago wouldn't get a lot of coverage. Heck when an Amtrak train derails in Baltimore but one Chicagoan is killed on it it dominates local news here. How about dozens of bodies bound and executed showing up everyday in the suburbs here. Think that would get some press? When asked about the "good" news stories playing on Faux News Tony Blankley stared ahead blankly.

So stop wasting your time reading about who is to blame for Iraq or Enron. In this new Enron nation of ours it's the press. If it weren't for the Wall Street Journal or the New York Times Enron would still be in business and Iraq would be opening Baghdad Disney.

4 Comments:

Blogger Intellectual Insurgent said...

They want happy feel-good news when it comes to Iraq, but no other coverage is happy. Local news here in LA is dominated by drive-by shootings and high speed chases, even if there are people adopting puppies and feeding the homeless.

11:31 AM  
Anonymous utah desert rat said...

You mean....stories about adopting puppies and feeding the homeless really DON'T lower the number of drive-bys in L.A.?

Damn....all this time I've been under the mistaken impression that reporting good news CREATES good news and vice-versa. How could I be so gullible?

12:04 PM  
Blogger Capt. Fogg said...

Down here in the hot steamy bilges of America, the news has been about sexual predators and United flight 93 all day long. Fear and self-pity and endless hints at the non existent link between Iraq and 9/11.

No stories good or bad out of Iraq.

2:49 PM  
Blogger Crankyboy said...

No news is good news out of Iraq.

9:55 PM  

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