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POWER SCAM
The Enron-Bush Connection


by Uri Dowbenko

Enron Rigs Washington During the Clinton Years

      Even though it has strong ties to the Republican Party, Enron also did remarkably well during the Clinton years.

      Most importantly, they got a ban lifted on Export-Import Bank financing of projects in China.

      This allowed Enron to move forward on overseas projects guaranteed by US taxpayers. In other words, if Enron "fails," you pay.

      Enron also got new rules instituted at the Ex-Im Bank that allowed the bank to finance projects on the basis of projected cash flow.

      This insider track helped Enron make multi-billion dollar deals overseas with US taxpayers guaranteeing their performance.

      * March 1993, Enron made a deal to develop new European markets for Russian gas.

      * November 1993, Enron made a $1 billion deal with Turkey to develop two power plants. Ex-Im Bank provided $285 million in financing. The Overseas Private Investment Council(OPIC)covered insurance costs.

      * August 1994, Enron made a deal to build a power plant in India. ExIm provides major financing and OPIC provides an additional $100 million.

      * November 1994, Enron made a deal to build a $130 million power plant in China. Ex-Im Bank again provided the financing.

      Moral of the story? When you're a monopoly capitalist, it doesn't matter who's in office. Republicans. Democrats. They all bribe the same.


© 2001, Uri Dowbenko. All rights reserved.

This aricle is included in the new book
by Uri Dowbenko
"Bushwhacked: Inside Stories of True Conspiracy"
Available Now  (Click here for more information)




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