Friday, September 02, 2011

More Media Hypocrisy - Solyndra vs Enron

Yes, the title is redundant. We should expect to see media hypocrisy when it comes to how they cover Democrat scandals versus Republican scandals. The differing treatment received by John Edwards and Mark Foley should tell us that. But I digress..

I was perusing the Solyndra scandal and a few thoughts came to mind. Remember how the media relentlessly tied Enron to George W. Bush's Administration? Yet most people forget Enron's extensive ties to the Clinton Administration, as well as the undisputed fact that the only government official to openly attempt to secure special treatment for Enron during Enron's troubles was in fact Robert Rubin, a former Clinton official. As the Seattle Times admits in their article,
In late 2001, after revelations about Enron's accounting made headlines, Citigroup and J.P. Morgan sought to arrange the company's sale to rival Dynegy so they could split a $90 million investment banking fee and stave off its likely bankruptcy. The suit said calls by Citigroup Vice Chairman and former Treasury Secretary Robert Rubin and J.P. Morgan Chairman William Harrison to credit-rating firm Moody's Investors Service were attempts to "strong-arm" the firm from downgrading Enron before a sale could be completed.

Now the Bush Administration's ties to Enron were in fact far less than the Obama Administration's ties appear to be with Solyndra. Both companies used political connections to try to get ahead. The situations seem pretty similar. So...Will the Press treat this the same way? I'm not holding my breath...

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