Bear markets bring down the stock market icons of the prior Bull: Martha Stewart, Frank Quattrone. The grizzler bears begin to mawl the icons of the prior era outside of the financial arena.
Bush too may be brought down by some scandal, yet to emerge, for actions already taken. Current candidate for Bush's Watergate: the incredibly irresponsible behavior of Vice President Dick Cheney, still receiving stock options and deferred compensation from Haliburton, and the apparent favoratism shown Haliburton in Iraq reconstruction. Crony capitalism of this magnitude - and it may be just the tip of a deeper iceberg - deserves to be outed then dismantled. Bush may have gone to war to fix a problem left by his dad, but the cronies around him may truly have gone to war for oil, to feather the nests of their prime consituents, oil and oil service companies like Haliburton.
Comments