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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Arthur Radley who wrote (271203)	7/8/2002 5:02:11 AM
From: Arthur Radley	Read Replies (1) \| Respond to of 769670

Who said war wasn't good...that is for Cheney and Shrub.... "Under Cheney, Halliburton—largely through its Brown & Root subsidiary—has garnered $2.3 billion in U.S. government contracts. This is almost double the $1.2 billion it earned from the government in the five years before he arrived. Most of the contracts have been with the U.S. Army for engineering work in a variety of hot spots, including Bosnia, Albania, Kosovo and Haiti." For Shrub and Cheney to bad mouth government hand outs....Cheney had no problem taking $16million from Halliburton and look where Halliburton got the money...the government. I hope the cameras are on close viewing range of Shrub tomorrow when he gives his "givem hell" speech on corporate scandals. If so, watch closely and you will be able to see Pinnochio, at his finest. Watch the nose!

To: Arthur Radley who wrote (271203)	7/8/2002 10:24:15 AM
From: Thomas A Watson	Read Replies (2) \| Respond to of 769670

Another screwed UP unscientific gallup poll LOL Gallup Stunner: Americans Blame Clinton for Business Scandals newsmax.com 2/7/8/84550 Despite a coordinated Democratic Party-media push to pin blame for the recent wave of corporate scandals on President Bush, a majority of Americans currently blame ex-President Bill Clinton for the business corruption that has sent the stock market reeling and caused a crisis in confidence in corporate America, according to a CNN/USA Today/Gallup poll released Monday. more than half,"strongly agreed" that Clinton was partially responsible for the business scandals. The rest, 25 percent, "moderately agreed" the ex-president deserved blame. Another stunning development: President Bush's approval ratings have actually improved in the weeks since the Democrat-media complex began shifting blame to Bush. The CNN/USA Today/Gallup poll put Bush's overall job approval at 76 percent - up six points since early June. "This result alone suggests that the president has been untouched by these scandals," Gallup said.

To: Arthur Radley who wrote (271203)	7/8/2002 12:24:57 PM
From: Raymond Duray	Read Replies (1) \| Respond to of 769670

A RELIANT FRIEND OF OIL SLICK DICK SAYS IT LIED, TOO. TexasDude, BUSH IS SHAKEN NOT STIRRED: "They insist that he has not been rattled by the renewed questions over whether he engaged in the same kind of corporate conduct that he is now criticizing. Nonetheless, Mr. Bush appeared startled and then angered when he was first asked by a reporter about the Harken stock sale last week, shortly before he delivered a speech in Milwaukee on his domestic agenda." Source: nytimes.com """""""""""""""""""""""""""""""""""""""""""""""""""""""""""" This shop is even closer to the "vast Right Wing Conspiracy" than the Merch jerks: ACCOUNTING SHOCKER: RELIANT RESTATES biz.yahoo.com money.telegraph.co.uk. Reliant owns up to $7.9bn accounts error By Edward Simpkins (Filed: 07/07/2002) Reliant Resources, the $2.5bn Houston-based energy trading and generating company with offices in London, admitted late on Friday that it has artificially inflated its revenues by more than $7.9bn over the past three years. The company filed restated accounts with the Securities and Exchange Commission in response to "certain investigations, litigation and governmental proceedings". The submission shows energy trades during 1999, 2000 and 2001 added $6.4bn to the company's income during those years. The deals are so called "round-trip" trades where the same amount of energy is bought and sold for the same price in order to increase trading volumes. As well as the round-trip trades the company added another $1.5bn to its income because of the way it accounted for four other energy contracts which Reliant describes as "swaps". It said these deals were legitimate and were expected to increase future cash flows. However, it has banned its staff from further round-trip trading. The filing said: "The personnel who effected these transactions apparently did so with the sole objective of increasing volumes." In May, the company claimed that it had not been involved in Enron-style dealing. "Reliant denies that the company engaged in trading practices comparable to the practices detailed in the Enron memos," the company told investigators. Earlier that month the company cancelled a $500m debt placing and admitted the round trip trades. The announcement wiped a further 25 per cent off its already battered share price which closed on Friday at $8.68, down from $37 last year. Its latest filing admits that the company is now involved in "numerous" lawsuits and regulatory proceedings relating to its trading activities, mainly regarding its same-day purchases and sales with the same counterparty for the same price and volume of energy. However, it is also being investigated for other transactions it inaccurately accounted for and its "activities in the California wholesale market". In June the SEC issued a formal order to the company saying it was investigating its financial reporting and internal controls. The Commodity Futures Trading Commission has also subpoenaed documents and requested information on Reliant's natural gas and power trading while the Federal Energy Regulatory Commission has asked for co-operation into its inquiry into energy price manipulation in California. In May and June this year 10 class action lawsuits were filed on behalf of investors in Reliant Resources and its parent Reliant Energy and a further law suit was filed last week. As well as the company and its directors, the banks that underwrote its IPO last year are named as defendants as are their auditors. Last month Steve Letbetter, the chairman and chief executive of Reliant Resources, gave an upbeat statement to analysts. He said: "The most fundamental fact, the most important fact is that our underlying business is strong," he said. He added that he is shortly expecting SEC approval to spin the company out of Reliant Energy.