7/14/2002 11:23:00 PM
by The MinuteMan
Harken Energy Roundup
Didn't I say this scandal was over
? Hmm, could it be I don't trust my "Issue-Skipper", which is still in beta-testing? Prof. DeLong has two posts on this subject. If you read one, check out "The Aloha Petroleum Deal
". Evidently, the Aloha transaction was non-recourse seller financing. Hmm, that type of deal can be very light on economic substance, as Krugman alleged last Friday. But DeLong does not provide a source for his info, so suspense builds. Not a lot of suspense, DeLong provides lots of details so he must be looking at something, but hey - maybe his dog will eat it.
DeLong's second post, "Selling Into Good News?
" is inspired by a Salon look at Bush's stock sale. Salon gives different emphasis to what seem to be the same facts presented by Byron York at NRO, and fails to excite me.
Do I want to hedge my bet on the Harken Energy issue fading? No. In response to Charles Murtaugh
, I suggested that, even if these allegations amount to anything, the White House can fall back on a "takes a thief to catch a thief - Nixon to China, Bush to Corporate Reform" argument. OK, who am I? But when I tell you that both William Buckley
and Rush Limbaugh are peddling a similar view, you will tremble. Whether your trembling is caused by awe, or laughter, I will not speculate.
UPDATE: DeLong and "The Other Sullivan" slug it out in the comments section of DeLong's "Aloha
" post. When does "the other Sully" get a blog?