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May 2006

Guilty

HOUSTON, May 25 Kenneth L. Lay and Jeffrey K. Skilling, the chief executives who guided Enron through its spectacular rise and even more stunning fall, were found guilty today of fraud and conspiracy in a case that led the parade of corporate scandals in recent years that emerged from the get-rich-quick stock market excesses of the 1990's.
Enron Chiefs Guilty of Fraud and Conspiracy - New York Times

Posted by Coffeerooms May 25, 2006 Permalink

Historians Rate the President

In almost every survey of historians dating back to the 1940s, three presidents have emerged as supreme successes: George Washington, Abraham Lincoln and Franklin D. Roosevelt. These were the men who guided the nation through what historians consider its greatest crises: the founding era after the ratification of the Constitution, the Civil War, and the Great Depression and Second World War. Presented with arduous, at times seemingly impossible circumstances, they rallied the nation, governed brilliantly and left the republic more secure than when they entered office.

Calamitous presidents, faced with enormous difficulties -- Buchanan, Andrew Johnson, Hoover and now Bush -- have divided the nation, governed erratically and left the nation worse off. In each case, different factors contributed to the failure: disastrous domestic policies, foreign-policy blunders and military setbacks, executive misconduct, crises of credibility and public trust. Bush, however, is one of the rarities in presidential history: He has not only stumbled badly in every one of these key areas, he has also displayed a weakness common among the greatest presidential failures -- an unswerving adherence to a simplistic ideology that abjures deviation from dogma as heresy, thus preventing any pragmatic adjustment to changing realities. Repeatedly, Bush has undone himself, a failing revealed in each major area of presidential performance.

Rolling Stone : The Worst President in History?

For the American public's opinion, click here for the latest CBS NY Times polls.

Posted by Coffeerooms May 10, 2006 Permalink

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