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Friday, November 16, 2007

Hillary's Musharraf By Greg Palast

You've seen all those creepy photos of George Bush rubbing up against Pakistan's President Pervez Musharraf, the two of them grinning and giggling like they're going to the senior prom. So it's hard to remember that it was Hillary and Bill who brought Pervez to the dance in the first place.


And it all began with an unpaid electricity bill. In 1998, Pakistan wouldn't pay up millions, and they owed billions, to British and American electricity companies. And for good reason: the contracts called for paying insanely high prices. It smelled of payola - and ultimately, the government of Pakistan filed charges against power combine executives and canceled the contracts. That's the rule under international law: companies can't collect on contracts they obtained by pay-offs.

But these weren't just any companies. One was a Tony Blair favorite, Britain's National Power. The other was Entergy International, a sudden big-time player in the international power market based out of, oddly, Little Rock, Arkansas. Despite the Clinton Administration's claim to fight foreign corruption, this was an exception. Clinton and Blair voted to cut off Pakistan's funding from the IMF. Pay-up the power pirates, they told Pakistan, or starve.

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