by Molly Ivins
As one who has long argued that George W. Bush is not stupid, I must admit that not learning from your mistakes is a prime signal of stupidity. But of course, in order to learn from your mistakes, you have to recognize you made them. The president assured U.S. just last week he is "heartened" by what is happening in Iraq and, "I am pleased with the progress." The vice president says there is "major progress" and the insurgency is in its "last throes." These folks are in such deep denial.
Chris Cox, now there's an appointment of near-genius level. Hey, is this the man you would put in charge of the Securities and Exchange Commission to protect investors from greedy, capitalist crooks? Cox, a Republican from Orange County, Calif., helped produce the Enron mess and subsequent scandals in the first place. Just the guy for the job!
Cox led the fight in 1995 to pass the "Private Securities and Litigation Reform Act," which provided extensive legal protections to corporate executives, accountants and lawyers who make misleading statements. The law paved the way for corporate executives to lie without fear of being sued -- it's the Ken Lay Protection Act.
In 2002, Cox said he "rejected the notion that Enron's meltdown should cause Congress to rethink deregulation." The guy's home state was ripped off for $10 billion by Enron. Here's another one who can't learn from his mistakes.
Of course, the fact that he's gotten more than $640,000 in campaign money from the very people he will now be regulating has nothing to do with his views.
Cox, according to The New York Times, is a devotee of Ayn Rand, the high priestess of unregulated capitalism. On announcing the Cox appointment, Bush said, "As a champion of the free-enterprise system in Congress, Chris Cox knows that a free economy is built on trust." Trust? How about trust but verify?
While working for the law firm of Latham & Watkins, Cox himself was sued, according to the Los Angeles Times, for work that involved him in a business scheme that robbed nearly 8,000 investors of approximately $136 million. The scheme cheated customers out of their retirement nest eggs by enticing them to invest in phony mortgages. High-level officers of the company pled guilty.
The charge against Cox was that he helped write a deceptive plan to sell mutual fund shares. Cox claimed ignorance and said he was only distantly involved, but The Associated Press later uncovered documents that showed him to be more involved with the convicted dealer than he previously let on.
And a new development in the most ludicrous nomination yet, John Bolton, Mr. Diplomacy, for ambassador to the United Nations. It turns out that in addition to trying to get American intelligence analysts who disagreed with him fired, Bolton axed an international civil servant for having the temerity to do his job.
In 2001, Jose Bustani, head of the Organization for the Prohibition of Chemical Weapons (OPCW), says Bolton "telephoned me to try to interfere, in a menacing tone, in decisions that are the exclusive responsibility of the director-general." Bolton was opposed to Bustani's effort to get Iraq and other Arab countries involved in the OPCW.
Bustani aide Bob Rigg of New Zealand said: "Why did they not want OPCW involved in Iraq? They felt they couldn't rely on OPCW to come up with the findings the U.S. wanted."
Bolton then arranged to have Bustani fired in a way a UN tribunal has since said was "unlawful." I'll bet they just can't wait to see Bolton's moustache up at the United Nations. How could we possibly make more friends there?
As I'm sure Chris Cox can tell us, in business, "goodwill" is considered an asset.
June 14, 2005 (http://www.albionmonitor.com) All Rights Reserved. Contact email@example.com for permission to use in any format.
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