Excerpt from Book
1. Aloha, Harken In the long run, there is no capitalism without conscience; there is no wealth without character. —George W. Bush on Wall Street, July 9, 2001 In the long run, we are all dead. —John Maynard Keynes on the long run, 1924 There he was. On the Tuesday after a long Fourth of July weekend. In the ballroom of an ornate Wall Street hotel that once housed the New York Merchants Exchange. Standing in front of a blue-and-white backdrop with the words corporate responsibility printed over and over on it, in case you should miss the point. Promising us “a new ethic” for American business. Our president, Scourge of Corporate Misbehavior. It was like watching a whore pretend to be dean of Southern Methodist University’s School of Theology. But as Luther said, hypocrisy has ample wages. “Harken,” said the Bush camp over and over, “was nothing like Enron.” Interestingly enough, it was exactly like Enron in each and every feature of corporate misbehavior, except a lot smaller. A perfect miniature Enron. By the summer of 2002, it had long been known that twelve years earlier Bush made a pile by selling his stock in Harken Energy Corporation just before it tanked. At the time, he was serving both on Harken’s board and on a special audit committee looking at the company’s financial health. As he spoke on Wall Street, stories were surfacing about Harken’s sham sale of a subsidiary to a group of company insiders. The acquisition was financed by an $11 million loan guaranteed by the seller, Harken Energy. In other words, a fake asset swap to punch up Harken’s annual profit-and-loss statement. The “sale” of Aloha Petroleum, from Harken to Harken, was again Enron writ small and so outrageous that the SEC stepped in, declared the accounting unacceptable, and forced the company to restate its earnings. Bush unquestionably knew about the deal. Even if he had convinced the public that earlier stories about his $848,560 insider trade, his failure to report it to the SEC, his low-interest loans from Harken to buy company stock (a practice he particularly denounced in his Wall Street speech, as though he had never heard of such an unseemly scam before), and the Enron-esque sale of Aloha Petroleum were all what he described as “recycled stuff,” he was still surrounded by bad stories about to break. Enron was ripe for federal prosecution; Bush and Enron’s CEO, Ken Lay, his single largest campaign contributor, had been tight for years. Halliburton was being investigated by the feds for fraudulent accounting practices put in place when Dick Cheney was CEO. Congress was investigating the secretary of the Army for his role in the collapse of Enron, in the fleecing of electricity customers in California, and for his failure to divest himself of Enron stock in a timely manner. SEC chief Harvey Pitt had so many previous business connections with the firms he was now regulating, he had already had to recuse himself in twenty-nine cases being pursued by the SEC. Bush’s hard-nosed, hard-assed political adviser, Karl Rove, had owned $108,000 in Enron stock and, more important, knew the Enron CEO because he was Bush’s biggest funder. Two of Bush’s economic advisers had worked as consultants for Enron. And the newly disgraced Ken Lay had convinced Bush to dump the chairman of the Federal Energy Regulatory Commission, Curtis Hebert, and to replace him with the candidate of Lay’s choice, a Port Arthur, Texas, homeboy. Before giving Bush the word to dump Hebert, Lay had a come-to-Jesus session with Hebert himself, telling him to embrace free markets and deregulation or, Lay said, things would end badly for Hebert. They did. Considering the circumsReview Quote
“Ivins is surely one of the nation’s most adroit political commentators.” —People “A sprightly catalogue of every destructive policy decision the Bushies have made in their first two-and-a-half years. . . . Sure to delight the president’s critics and madden his fans.” —The Washington Post Book World “Ivins and Dubose are worthy heirs of the honorable tradition of muckraking.” —Paul Krugman, The New York Review of Books “A thorough (and thoroughly researched) condemnation of our 43rd president's domestic policy. . . . The intensely individual stories make this much more than a tart tongue-lashing. . . . Illuminating reading.” —Austin American-Statesman U.S. From the Trade Paperback edition.
From Molly Ivins and Lou Dubose, authors of Shrub, Bushwhacked is a hilarious, no-holds-barred look at George W. Bush and his administration, and an essential book for understanding the full, destructive impact of his presidency. BRFor years, bestselling political commentator Molly Ivins has been sounding the alarm about George W. Bush. In Shrub, her 2000 skewering of presidential candidate Bush, the inimitable Ivins, with co-author Lou Dubose, offered a devastating expose of Dubya's career and abysmal record as governor of Texas. Now, in their second book on our current White House occupant, Ivins and Dubose take the wire brush to the Bush presidency and show how he has applied the same flawed strategies he used in governing Texas to running the largest superpower in the world. BRBushwhacked brings to light the horrendous legacy of the Bush tax cut, his increasingly appalling environmental record, his administration's involvement in the Enron scandal, and the real Bush foreign policy--botched nation building in Kabul and Baghdad, alienation of former allies--and, unfortunately, much more. Ivins and Dubose go beyond the too frequently soft media coverage of Bush to show us just how damaging his policies have been to ordinary Americans--"the Doug Jones Average," rather than the Dow Jones Average. Bushwhacked is filled with sharp observation, humor, and compassion for the people often ignored by the federal government and the Washington press corps. BRWith the war on terrorism posing unprecedented challenges to our civil liberties, and with the Bush economic policy in shambles, it is high time for a close look at the state of our Union. Molly Ivins and Lou Dubose provide just thatin Bushwhacked--an incisive, entertaining, and damning indictment of the Bush presidency. PWe've been BushwhackedBRMolly Ivins and Lou Dubose on: BRDubya's involvement in the failure of Harken Energy Corporation: BR"T
From Molly Ivins and Lou Dubose, authors of Shrub, Bushwhacked is a hilarious, no-holds-barred look at George W. Bush and his administration, and an essential book for understanding the full, destructive impact of his presidency. For years, bestselling political commentator Molly Ivins has been sounding the alarm about George W. Bush. In Shrub, her 2000 skewering of presidential candidate Bush, the inimitable Ivins, with co-author Lou Dubose, offered a devastating exposé of Dubya’s career and abysmal record as governor of Texas. Now, in their second book on our current White House occupant, Ivins and Dubose take the wire brush to the Bush presidency and show how he has applied the same flawed strategies he used in governing Texas to running the largest superpower in the world. Bushwhacked brings to light the horrendous legacy of the Bush tax cut, his increasingly appalling environmental record, his administration’s involvement in the Enron scandal, and the real Bush foreign policy—botched nation building in Kabul and Baghdad, alienation of former allies—and, unfortunately, much more. Ivins and Dubose go beyond the too frequently soft media coverage of Bush to show us just how damaging his policies have been to ordinary Americans—“the Doug Jones Average,” rather than the Dow Jones Average. Bushwhacked is filled with sharp observation, humor, and compassion for the people often ignored by the federal government and the Washington press corps. With the war on terrorism posing unprecedented challenges to our civil liberties, and with the Bush economic policy in shambles, it is high time for a close look at the state of our Union. Molly Ivins and Lou Dubose provide just that in Bushwhacked—an incisive, entertaining, and damning indictment of the Bush presidency. We've been Bushwhacked Molly Ivins and Lou Dubose on: Dubya’s involvement in the failure of Harken Energy Corporation: “There are countless subjects on which George W. Bush might have pleaded ignorance in 1990, but a failing oil business was not one of them.” Dubya’s accomplishments as governor of Texas: “As full-time residents of the state that gave you tort reform, H. Ross Perot, and penis-enlargement options on executive health plans, we’re obliged to warn you that if Dubya Bush really had exported ‘the Texas Miracle,’ the country would be in deep shit.” Dubya’s environmental record: “Bush has a chemical-dependency problem, but it’s not cocaine. It’s Monsanto, Dow, and Union Carbide. They wrote the checks that put him in the Texas governor’s mansion....Bush had two voluntary emissions-control programs here in Texas. One involved polluting industries. The other was directed at adolescent males, who were encouraged to ‘try abstinence.’ Only 3 of our 8,645 most obnoxiously polluting refineries actually volunteered to cut back on their toxic emissions. Numbers on teenage boys are not yet in.” Why the Republican Party is the party of unregulated meat and poultry: “The Republicans win elections in the ‘red states’ in the center of the country, where cattle and chickens are produced and slaughtered. Democrats win their elections in the ‘blue states’ on the coasts. Republicans use the USDA to pay off their contributors in the red states. The result of that crude electoral calculus is laissez-faire food-safety policy whenever a Republican is in the White House. (If you must eat while the Republicans control the White House, both houses of Congress, and the judiciary, you might want to consider becoming a vegetarian about now.)” From the Hardcover edition.Title Summary
"Bushwhacked brings to light the horrendous legacy of the Bush tax cut, his increasingly appalling environmental record, his administration's involvement in the Enron scandal, and the real Bush foreign policy - botched nation building in Kabul and Baghdad, alienation of former allies - and, unfortunately, much more. Ivins and Dubose go beyond the too frequently soft media coverage of Bush to show us just how damaging his policies have been to ordinary Americans - "the Doug Jones Average," rather than the Dow Jones Average. Bushwhacked is filled with sharp observation, humor, and compassion for the people often ignored by the federal government and the Washington press corps."--BOOK JACKET. Title Summary field provided by Blackwell North America, Inc. All Rights ReservedExcerpt from Book
1. Aloha, Harken In the long run, there is no capitalism without conscience; there is no wealth without character. George W. Bush on Wall Street, July 9, 2001 In the long run, we are all dead. John Maynard Keynes on the long run, 1924 There he was. On the Tuesday after a long Fourth of July weekend. In the ballroom of an ornate Wall Street hotel that once housed the New York Merchants Exchange. Standing in front of a blue-and-white backdrop with the words corporate responsibility printed over and over on it, in case you should miss the point. Promising us "a new ethic" for American business. Our president, Scourge of Corporate Misbehavior. It was like watching a whore pretend to be dean of Southern Methodist University's School of Theology. But as Luther said, hypocrisy has ample wages. "Harken," said the Bush camp over and over, "was nothing like Enron." Interestingly enough, it was exactly like Enron in each and every feature of corporate misbehavior, except a lot smaller. A perfect miniature Enron. By the summer of 2002, it had long been known that twelve years earlier Bush made a pile by selling his stock in Harken Energy Corporation just before it tanked. At the time, he was serving both on Harken's board and on a special audit committee looking at the company's financial health. As he spoke on Wall Street, stories were surfacing about Harken's sham sale of a subsidiary to a group of company insiders. The acquisition was financed by an11 million loan guaranteed by the seller, Harken Energy. In other words, a fake asset swap to punch up Harken's annual profit-and-loss statement. The "sale" of Aloha Petroleum, from Harken to Harken, was again Enron writ small and so outrageous that the SEC stepped in, declared the accounting unacceptable, and forced the company to restate its earnings. Bush unquestionably knew about the deal. Even if he had convinced the public that earlier stories about his848,560 insider trade, his failure to report it to the SEC, his low-interest loans from Harken to buy company stock (a practice he particularly denounced in his Wall Street speech, as though he had never heard of such an unseemly scam before), and the Enron-esque sale of Aloha Petroleum were all what he described as "recycled stuff," he was still surrounded by bad stories about to break. Enron was ripe for federal prosecution; Bush and Enron's CEO, Ken Lay, his single largest campaign contributor, had been tight for years. Halliburton was being investigated by the feds for fraudulent accounting practices put in place when Dick Cheney was CEO. Congress was investigating the secretary of the Army for his role in the collapse of Enron, in the fleecing of electricity customers in California, and for his failure to divest himself of Enron stock in a timely manner. SEC chief Harvey Pitt had so many previous business connections with the firms he was now regulating, he had already had to recuse himself in twenty-nine cases being pursued by the SEC. Bush's hard-nosed, hard-assed political adviser, Karl Rove, had owned108,000 in Enron stock and, more important, knew the Enron CEO because he was Bush's biggest funder. Two of Bush's economic advisers had worked as consultants for Enron. And the newly disgraced Ken Lay had convinced Bush to dump the chairman of the Federal Energy Regulatory Commission, Curtis Hebert, and to replace him with the candidate of Lay's choice, a Port Arthur, Texas, homeboy. Before giving Bush the word to dump Hebert, Lay had a come-to-Jesus session with Hebert himself, telling him to embrace free markets and deregulation or, Lay said, things would end badly for Hebert. They did. Considering the circumsMain Description
From Molly Ivins and Lou Dubose, authors of Shrub, Bushwhacked is a hilarious, no-holds-barred look at George W. Bush and his administration, and an essential book for understanding the full, destructive impact of his presidency. For years, bestselling political commentator Molly Ivins has been sounding the alarm about George W. Bush. In Shrub, her 2000 skewering of presidential candidate Bush, the inimitable Ivins, with co-author Lou Dubose, offered a devastating expose of Dubya's career and abysmal record as governor of Texas. Now, in their second book on our current White House occupant, Ivins and Dubose take the wire brush to the Bush presidency and show how he has applied the same flawed strategies he used in governing Texas to running the largest superpower in the world. Bushwhacked brings to light the horrendous legacy of the Bush tax cut, his increasingly appalling environmental record, his administration's involvement in the Enron scandal, and the real Bush foreign policybotched nation building in Kabul and Baghdad, alienation of former alliesand, unfortunately, much more. Ivins and Dubose go beyond the too frequently soft media coverage of Bush to show us just how damaging his policies have been to ordinary Americans"the Doug Jones Average," rather than the Dow Jones Average. Bushwhacked is filled with sharp observation, humor, and compassion for the people often ignored by the federal government and the Washington press corps. With the war on terrorism posing unprecedented challenges to our civil liberties, and with the Bush economic policy in shambles, it is high time for a close look at the state of our Union. Molly Ivins and Lou Dubose provide just that in Bushwhackedan incisive, entertaining, and damning indictment of the Bush presidency. We've been Bushwhacked Molly Ivins and Lou Dubose on: Dubya's involvement in the failure of Harken Energy Corporation: "There are countless subjects on which George W. Bush might have pleaded ignorance in 1990, but a failing oil business was not one of them." Dubya's accomplishments as governor of Texas: "As full-time residents of the state that gave you tort reform, H. Ross Perot, and penis-enlargement options on executive health plans, we're obliged to warn you that if Dubya Bush really had exported 'the Texas Miracle,' the country would be in deep shit." Dubya's environmental record: "Bush has a chemical-dependency problem, but it's not cocaine. It's Monsanto, Dow, and Union Carbide. They wrote the checks that put him in the Texas governor's mansion....Bush had two voluntary emissions-control programs here in Texas. One involved polluting industries. The other was directed at adolescent males, who were encouraged to 'try abstinence.' Only 3 of our 8,645 most obnoxiously polluting refineries actually volunteered to cut back on their toxic emissions. Numbers on teenage boys are not yet in." Why the Republican Party is the party of unregulated meat and poultry: "The Republicans win elections in the 'red states' in the center of the country, where cattle and chickens are produced and slaughtered. Democrats win their elections in the 'blue states' on the coasts. Republicans use the USDA to pay off their contributors in the red states. The result of that crude electoral calculus is laissez-faire food-safety policy whenever a Republican is in the White House. (If you must eat while the Republicans control the White House, both houses of Congress, and the judiciary, you might want to consider becoming a vegetarian about now.)"Review Quote
"Ivins is surely one of the nation's most adroit political commentators." People "A sprightly catalogue of every destructive policy decision the Bushies have made in their first two-and-a-half years. . . . Sure to delight the president's critics and madden his fans." The Washington Post Book World "Ivins and Dubose are worthy heirs of the honorable tradition of muckraking." Paul Krugman, The New York Review of Books "A thorough (and thoroughly researched) condemnation of our 43rd president's domestic policy. . . . The intensely individual stories make this much more than a tart tongue-lashing. . . . Illuminating reading." Austin American-Statesman U.S. From the Trade Paperback edition.