If you believe President Bush, Kenneth Lay--one of his top financial backers and his "good friend"--was merely
an equal-opportunity corrupter of our political system, buying off Democrats and Republicans as needed.
It is a convenient claim designed to unlink Bush from the biggest bankruptcy in U.S. history.

But, as the good ol' boys in Texas--and now Bush spokesman Ari Fleisher--like to say, "That dog won't hunt."

On Friday, Bush attempted to distance himself from the Enron scandal by stating that CEO Lay "was a supporter of
Ann Richards in my run in 1994," obscuring the fact that Lay gave Bush three times as much money as he did the
Democratic gubernatorial incumbent whom Bush was trying to unseat. Bush added that he really did not get to "know"
Lay--the man he nicknamed "Kenny Boy"--until after he won the governor's race. I can't speak to the varying levels
of intimacy of their relationship, but Bush had considerable contact with Lay two years earlier when the Enron leader
served as the chair of the host committee for the 1992 Republican convention in Houston, where Bush the senior
was nominated for his second term as president.

At that time, Investor's Daily reported that "recently, Lay has turned Enron into a corporate bastion for the GOP."
After the elder Bush's defeat, the Bush family switched its political ambitions to George W.'s prospects for governor,
and Lay came up with the first of many contributions to that effort.

Lay's loyal support of the Bushes may have been gratitude for the decisive role that the first Bush administration played
in Enron's meteoric rise. Building on the Republican-engineered deregulation of the electricity industry that began in the
1980s, Enron got a huge boost during the first Bush administration with passage of the 1992 Energy Act, which forced
utility companies to carry Enron's electricity on their wires.

In fact, Lay publicly thanked Bush with a column in the Dallas Morning News a week before the 1992 election.
Calling Bush "the energy president," Lay wrote that "just six months after George Bush became president, he directed
Energy Secretary James Watkins to lead the development of a new energy strategy." That resulted in the legislation
making Enron's exponential growth possible.

Lay was effusive in expressing his gratitude, writing that the Bush "strategy is the most ambitious and sweeping energy
plan ever proposed."

That gift to Enron was coupled with a major exemption granted by Wendy Gramm, then chair of the Commodities
Futures Trading Commission in the Bush administration, an exemption that permitted Enron to begin lucratively trading
energy derivatives. Gramm then joined the board of directors of Enron and served on its auditors committee, where
much of the false reporting now being exposed seems to be centered. Her powerful role in the company did not stop
her husband, Sen. Phil Gramm (R-Texas), from pushing through legislation that further weakened government oversight
of Enron's activities.

After Bush the elder's defeat in 1992, the ties between Enron and the Bush camp grew even stronger. In March 1993,
Enron hired Bush's Commerce secretary, Robert A. Mosbacher, and his secretary of State, James A. Baker III, to line
up contracts for Enron around the world. As Enron's representative, Baker--later George W.'s Florida election strategist
--even went on a trip accompanying the ex-president to Kuwait to do big business in the nation Bush had fought the
Gulf War to save.

The trip was criticized by Gen. Norman Schwarzkopf, who said that he had turned down millions in proffered deals
to do business in Kuwait after the war.

"I represent 540,000 American men and women, not some private company," said Schwarzkopf. "They were willing
to die in Kuwait. Why should I profit from their sacrifice?"

A decade later, the new Bush administration turned immediately to Lay to get his bearings on an energy policy. Lay met
with Vice President Dick Cheney's energy group six times. This was no surprise, given the close ties between Lay and
Bush during the latter's days as Texas governor. Consider, for example, that as governor, Bush did not hesitate to call then-Pennsylvania Gov. Tom Ridge and assure him that Lay--then eager to deregulate Pennsylvania's electricity market
--was the finest of men, representing the most worthy of companies.

Keeping true to family traditions, the president has always aggressively supported far-reaching deregulation of utilities
--it is, in fact, his political mantra--and Enron appears to be the biggest benefactor of that philosophy. Whether the
contacts between them were actually illegal and not merely an egregious betrayal of Enron's employees, shareholders
and consumers, it remains for the eight investigations planned or underway to reveal what Bush and White House
insiders knew, and when they knew it.

For information about reprinting this article, go to http://www.lats.com/rights