"Bush is a crook" says Mr. Krugman

Tejota:
I’m going to try the new civility that Mandelstron has bequeathed in christlike manner on this thread.

You are referring to the questions elucidator refused to answer, I presume. I had hoped not to debate the debate any further. There’s been kind of a tacit agreement not to do so, but since you bring it up, I’ll address it.

Of course it was a trap. It was however, a legitimate trap.

What I thought (and I don’t want to reopen a can of worms,) was that elucidator was maintaining that there was a very high possibility that Bush had engaged in illegal insider trading with the Harkens transaction. The test of whether something is an illegal insider trade is pretty straightforward and unambiguous. It is also specific. I feel and continue to feel that the case against Bush in this instance is exceedingly weak, and that that would be shown to be true if the allegation was made specific. Elucidator promised to answer my questions which were already posted if I answered his first. I took him at his word, and I answered his questions straightforward and honestly, and in doing so he became aware that my questions would put him in a very tight corner if he answered them. I did not try to hide this fact, or temper my answers so that he would go into the trap unknowingly. I was fair with my answers, and I figured that him giving his word would ethically compel him to answer. I figured wrong.

I see nothing wrong with the trap. It wasn’t dishonest. The trap was that he was making an argument that he learned he wasn’t going to be able to support, and I tried to hold him to his promise to support it.

If asking somebody to support an allegation that they can’t support is a trap that is unworthy or dishonest in your eyes, then so be it. It seems a valid form of debate to me.

Elucidator’s take on this may be different, and that’s fine. Past is past. I’d like to leave it that way, and move on. I bear no ill will, and elucidator’s said the occasional nice thing, and done the occasional action that earns my respect. When he saw that he was wrong once he made an unsolicited apology to me that must have been very hard to do, and that carries a lot of clout for me. It’s odd that we have such different and conflicting ideologies and ways of looking at things that clash explosively, but I don’t think he’s a bad guy. I think he’s a pretty good guy. I don’t understand him, and it’s frustrating. Doubtless he feels the same towards me. Who cares? Why are we talking about this?

I don’t think you can support that. Not all the time do we understand what the other person is saying. Witness Xenophon’s and my arguing back and forth for page after page without realizing we are arguing different things. I’ve never deliberately misatrributed and argument to another, and I challenge you to find such an instance, and present here if you wish to continue in this vein.

Personally, I’d prefer you just grew up and dropped it, but do what you must.

I place an important weight on keeping my promises. I feel that if you back out of it, after you’ve learned that it’s disadvantageous then your word has little weight. That’s how I saw it. That’s how I called it. Doubtless both you and elucidator have a different view of the situation. I don’t see it being resolved. I’m moving on with more fun and constructive debate. This is not particularly nice to me nor to elucidator to continue to pick a scab, and you might reconsider doing so. But, do as you must.

Then you say that I:

[quote]
slander Krugman**

Please show me where.

Well, you just did what you earlier accused me of doing, You’ve just attributed an argument to me that I didn’t make without quoting me. Do you consider that hypocritical, or do you consider it a simple mistake?

You’ll recall that I questioned the authenticity of the document, not the information. Others including Collounsbury felt that I was quite right to do so.

Anyway you’ve made an error and misattributed an argument to me that I didn’t make in the same post that you accuse me of doing so. I guess it’s a form of Gaudere’s law.

The question is what are you going to do about your error?

You’ve done it again. You’ve falsely attributed an argument to me that I didn’t make without quoting me.

I didn’t call them forgeries. I said I didn’t know if they were authentic or not, and questioned their authenticity. Again, I was quite right to do so.

True enough, but you still didn’t quote me. Shame on you. I turned out to have been mistaken in doing so, and when I made it clear that I had done so and retracted my mistake, elucidator was most gracious in victory.

I’m not sure where I see that I’ve done something wrong or worthy of scorn in this. Can you tell me?

This is beginning to make me angry.

It is absolutely false, and I’m sure you’re aware of it. I must have asked at least 20 times “What material nonpublic information do you believe Bush was in posession of?”

I just went back and looked at the thread and counted 15 times where I said something along those lines, and then stopped skimming it. I have never asserted that that was the only possible insider knowledge. I repeatedly asked other people to tell me what they specifically thought Bush knew.

I am hoping that anybody else reading this will chime in and back me on this point.

Tejota. You have again falsely attributed an argument to me that I did not make, and you have again not quoted me while making that attribution. This is the very allegation that you have accused me of.

I hope you will consider apologizing and retracting.

I guess this would be yet another case of a false argument you are attributing to me, without quoting me.

You’re doing quite a lot of it.


Tejota:

I would like to add without acrimony that I notice that you show up, take a few potshots at me, and when I respond to them and dispel them, or question them you simply disapear.

Then you show up a little later and do it again.

I’m going to expect you to respond to this and either support your allegations against me or retract them with an apology. If you don’t, I don’t intend to treat you with civility or respect when you do it again.

OK?

Xenophon:

Your assesment of the new documents seems fair. The only thing I’d add is that the letter Faulkner wrote to Bush talking about how involved and helpful and intelligent and great he was, seems to me like there’s some smoke being blown up Bush’s ass, and I take it with the suitable grain of salt.

There’s an interesting and fairly even handed summary of the Harken situation here:

http://story.news.yahoo.com/news?tmpl=story&ncid=578&e=3&cid=578&u=/nm/20020725/ts_nm/bush_financial_dc_4

Interesting news; apparently at least one Democrat is investigating.

I read the same article, but thought it said Dingell made his request back then, not a week ago. Yes?

???

"A week earlier, Rep. John Dingell, a Michigan Democrat who at the time chaired the House subcommittee on oversight and investigations, asked the SEC to provide his staff with a confidential briefing on its investigation of Bush’s stock trades, newly-released documents show. "

I pretty much agree that smoke was being blown, and blown quite impressively. But the fact is, even if Mr. Bush was more chump than champ, all of the documents under official Harken letterhead paint him as a trusted, valued and involved executive. This, I think, will create quite a conundrum for the Bush team if committee meeting minutes turn up which place nonpublic information regarding the 2nd quarter losses in front of Mr. Bush’s nose.

[pure speculation]
Live by connections and false praise, die by connections and false praise. If Bush has to explain away pertinent knowledge, he’s got only three options open.

The best option is to try and spin away the materiality of the information, pointing out that a healthy debt is not necessarily damaging to a company’s comparative health (this also supports his tax economy thinking). However, that’ll be difficult to sell to Joe Sixpack, and still looks irresponsible to Jim Double-Martini.

Or, Bush can take the line that it’s the confidence of investors which determines stock value, investors appeared quite confident in Harken, and so the true financial condition of the corporation was not material. This, in the current climate, makes him look like Ken Lay’s evil twin, and will fly against the [often sound-bited in the past week] testimony of Alan Greenspan. One previous President might have called such thinking voodoo corporate financing.

Or finally, Mr. Bush could claim he was given mushroom status at Harken. I think this is the worst option for the Pres, as it undermines every aspect of the image he’s been portraying since he began his political career.
[/pure speculation]

Yes, this is borne out by the documents on the CPI page.

I’d chime in, of course, Scylla, but then I might be attacked for pointing out that people are dodging questions.

Y’know, I forgot option # 4 in my speculative analysis. Bush could continue to stonewall and repeat only that he was vetted and exonerated by the SEC. This merely invites even closer scrutiny.

Elucidator:

Ok, got it.

Xeno:

Well, the debtload don’t confront me, and it probably shouldn’t confront anybody else who’s looking at Huckleberry.

It ain’t and wasn’t no blue chip. In fact it was little better than a wildcat drilling operation. A strictly speculative investment.

Humongous debtloads are almost a certainty with small exploratory oil stocks.

If they hit oil, they go up and often get taken over. If they don’t they refinance and try again or go belly up. That’s about par for the course.

Harken looks above average. Check out the AIPNs of the world at the time and you’ll see what I mean.

That’s my guess as to why it went up after the announcement. It didn’t matter. harkens value wasn’t its financials but its likelihood of hitting into an oil dome.

Point taken about the speculative nature of a Harken type of operation.

I still think it’s a bit problematic trying to explain to the public (including possibly former stockholders) your own tremendous gains in personal wealth as a result of failed speculation. If I lose my shirt on 10,000 shares of Huzzah Mining, Inc., even though I knew the risks, it’s not exactly propitiative to see the HMI executives straining under the weight of their wallets.

maybe it is hard to explain, but it shouldn’t be. many if not most successful people fail several times before they meet with success.

This is not to say that Bush earned his success fairly (I suspect not,) but rather to illustrate that a chain of failures follwed by success is a pretty typical entrepenurial scenario.

Hopefully I don’t need to tell the stories of Colonel Sanders selling chicken from the back of his car, and the rest of the examples they throw at you during mandatory motivational training.

“Each failure should make you happy! It brings you one step closer to success!”

And all that happy horseshit.

I find the fact that Bush fell on his face a few times to be a good thing. Hopefully it built character. I don’t hold it against him.

I do find the nature of his eventual success. I would have preferred he built a shoe company from scratch or something rather than just capitalize on his ability to peddle influence.

C’est la vie.

Can’t say as I’d a done differently.

What I meant to say was “I do find the nature of his eventual success suspect.”

And, I don’t think the Harken shareholders have any grumbling rights. They were free to sell at Bush’s price or higher long after the news was out.

If they didn’t that’s there only fault.

Absolutely.

My only point is that the Bush --er, “riches to riches” story of failure is going to be hard to put an attractive political face on. As I said earlier, this is pure speculation on my part, in which I’m not asking anyone to invest their faith.

(Have I got the lingo down, yet?)

Xeno:

The George Bush Story

Born the lowly son of a Texas Millionaire, George Bush nevertheless managed to parlay his humble beginnings and using nothing more than sheer determination, guts, his father’s money, political influence, and integrity greater in scope than his ears he carved out a minor niche for himself in the Texas business community.
I’ve heard worse, and none of this is news.

“Sun comes up in East” becomes news as soon as it’s pointed out to people who’d never noticed it as a recurring phenomenon. Sure, the G. W. story has been told in the press before, but not to the extent it’s being told now, and not to the audience that’s now taking interest.

(I like your story, by the way. Accurate summary. Could’ve been written by Ms. Ivins. Or even by the OP of this thread.

Maybe you should consult for the screenply to The Chump Stops Here.)

Point of clarification for erislover. The nice thing about civility is that you can say or ask anything you like–so long as you do it civilly. My comment about your remarks to elucidator was entirely unrelated to substance; I simply felt their form was a kind of insult (a lecture on what’s expected in GD without any specific query or claim to back it up), and therefore gratuitous in the changed climate of the thread.

If you feel someone has failed to answer a question, I urge you to say so.

Since it is part of your nature to be charming as well as resourceful, I’m sure you’ll manage to say exactly what you mean without offending anyone ;).

Mandy you darn Peacenik! I didn’t even know the Amish were allowed to have computers!

Not that it matters, since I’m pretty much a secular humanist, but xeno was closer to my religious background with Sammy Davis Jr. :wink:

My secret plan is actually to turn the Straight Dope into a Jane Austen novel, with elucidator leading the minuet, and Scylla re-named Fitzwilliam Darcy.

Xeno:

Point taken. His background is newsworthy.

But in fair defense of Bush. He didn’t decide who’s son he would be. The fact that he’s achild of privilege is neither a credit nor a detriment to his character. It’s just a fact.

btw: I am hoping that you and elucidator will back me on my earlier request to Tejota.