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In praise of EnronBy Jack J. Woehr
web posted January 14, 2002
Commentators this week are wringing their hands and registering their indignation over the Enron collapse. As one who has always felt that the normal daily business of Enron amounted to a blending of the World's Biggest Ponzi Scheme with a Perpetual Motion Machine, I am torn between gratitude and delight. I feel we should restrain the indignation and count the benefits which accrue to the public from the biggest bankruptcy in American history. Let's start counting:
Yes, the Enron debacle is a gift which keeps on giving. The scandal is likely to be evergreen and continue to produce vicarious enjoyment for years. Its repercussions are nearly endless. Just consider its effect upon the 2004 presidential election. Previously the Democrats were left wander a desert as parched as that which lay before the Gates of Mordor. Now they now have a hope of making something stick to the Bush administration, provided that they can find a candidate of their own without cookie crumbs all over his paws. With this caveat in mind, let me be the first (and possibly the last) to predict the name of the 2004 Democratic presidential nominee: Jimmy Carter.
When Jack Woehr of Fairmount, Colorado, ran for the United States House of Representatives in 1994, he received no money from Enron. Nor much from anyone else, if the truth be told.
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