The Bush Administration Will Be Characterized By a Complete Lack of Belief in Accountabiliity for Financial Irresponsibility and Malfeasance
Bush was widely criticized for commuting Scooter Libby’s sentence but many of his other pardons are deserving of scrutiny in light of the recent bailouts. Taken together, they demonstrate a complete lack of belief in accountability for financial irresponsibility and malfeasance.
During his terms, Bush has pardoned at least five people involved in the savings and loan scandal during the 1980s. His response to the current economic crisis involves bailing out companies that have acted irresponsibly without wiping out shareholders or replacing management.
For all the talk on the right about Barack Obama’s associations, it is important to remember that Bush’s brother Neil “breached his fiduciary duties” relating to a failed bank that cost taxpayers $1 billion, his other brother, Jeb, was a consultant to Lehman Brothers, and he famously used the Enron plane for his 2000 campaign appearances and counted Enron CEO Kenneth Lay among his biggest supporters.
Is it any surprise that a man with such deep personal ties to financial irresponsibility and malfeasance believes that people should not be held accountable for their actions?
In Iceland, where the currency has collapsed, there are massive protests. I am surprised that there is not more outrage right here at home in response to the government’s handling of our economic crisis.
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Filed under: economy
Wow, way to jump to conclusions and assume two completely unrelated events are related despite a complete lack of evidence. You must have failed logic 101.