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"Scam" ads the norm Trail Mix: Hillary haters spam cyberspace Gunning for the center Democrats make Hillary legit The blundering pundit Don Giuliani Campaign video: |
Bought and paid for | page 1, 2 Occidental, meanwhile, appears to be a particularly toxic friend for Gore to have. The company, in the form of its subsidiary, Hooker Chemical, was responsible for one of the great environmental tragedies of modern American history, the contamination of Love Canal, N.Y. Of course, Gore claimed a few weeks ago on the campaign trail that it was he who "discovered" the Love Canal tragedy and publicized it through Senate hearings, which makes his familial ties to the company especially embarrassing. Laura Quinn, a Gore spokeswoman, said she saw no contradiction between Gore's environmental reputation and his opening of Elk Hills to commercial development. She disputed that Gore's actions were in any way a form of favoritism to Occidental. "The vice president doesn't have the ability to rule firms in or out of a federal bidding process," said Quinn. "A number of other firms bid on Elk Hills, and Occidental Petroleum was chosen because it offered twice as much as anyone else did."
It's probably cold comfort to Gore, but "The Buying of the President 2000" also reports incriminating information about Texas Gov. George W. Bush, in particular his long and friendly relationship with the Harvard Management Company, the private investment firm whose only client is the multibillion-dollar endowment of Harvard University. Of course, Harvard has been the intellectual den of iniquity the Republican faithful love to hate ever since Richard Nixon's dark mutterings about the ultra-liberal Harvard professors in John F. Kennedy's White House. But Nixon could never voice such charges without sounding slightly creepy. Bush manages to make a joke of them, like when a reporter, during a recent debate, invoked a Harvard professor's opinion while pressing Bush on a question. "Consider the source," Bush cracked, eyes twinkling. Instantly, the crowd burst into laughter. Give him credit for nerve. According to "The Buying of the President 2000," a close relationship between Bush and Harvard Management began in 1986, when the company helped bail out one of his failing oil companies, Harken Oil and Gas, by investing at least $20 million in it. Then, in 1990, when Bush suddenly unloaded two-thirds of his shares in Harken -- netting a profit of nearly $850,000 -- two months before the company's debt restructuring sent its stock price plummeting, Harvard Management appears to have been the silent partner that took the unwanted shares off his hands. The move triggered an insider-trading investigation by the Securities and Exchange Commission. And in 1995, when he was governor of Texas, Harvard Management had secured a real-estate deal from the pension fund of Texas's 800,000 public school teachers -- buying a Dallas hotel, without a public bid, for $27 million less than the pension fund had spent on building improvements alone. And, for that matter, Bush did make it into Harvard Business School despite having a mere C average in college. "These allegations are totally ridiculous and simply not true," said Scott McClellan, spokesman for the Bush campaign. Regarding Harvard's investments in Harken Oil and Gas, McClellan said, "The SEC said there was nothing there." As for the hotel purchase from the teachers fund, he said, "Apparently there's a lack of understanding of how state government works, because in 1995 the board [of the fund] was controlled by former [Democratic] Gov. Anne Richards' appointees." Harvard Management offered only a "no comment." The book also chronicles how Wall Street investment firms have long been Bill Bradley's foremost financial patrons, while John McCain has been the beneficiary of major donations from the gambling industry. It reports on dozens of other similarly incriminating "coincidences" in its 342 densely argued pages, and none of the leading candidates, nor their sponsors at the Democratic and Republican national committees, get off easy. Why hasn't this book sparked a firestorm of coverage and determined inquiry from the rest of the news media? Some activists angry at Occidental for drilling a pipeline through the Colombian rain forest have begun to heckle Gore, chanting, "What about Occidental? What about Occidental?" But generally, there hasn't been much of a ripple caused by the book's publication. Every political journalist in the country has been alerted to the book's publication. And certainly Lewis and the center have a proven record of fairness and reliability. "We're obviously disappointed we haven't gotten more press for this book," said Lewis. The most optimistic explanation for the media's silence is that reporters just haven't gotten around to reading "The Buying of the President 2000" yet, or perhaps they're taking the time to independently investigate and verify the book's charges before sharing them with the public. Of course, citizens are free to go buy the book themselves. But first they have to hear about it.
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