Looks like the first scandal of President Bush’s career is going to be a doozy.

Keep your eyes out for one word in the headlines over the next few months:
drumroll please…
Enron (link goes to CBS Marketwatch page).

See an enlightening editorial on the subject by David Callaway for CBS MarketWatch.com:
Enron is not Bush’s Whitewater: It will be worse.

Don’t expect to see either Bush or Vice President Cheney directly linked to the financial shenanigans that brought Enron down. They won’t be. This is not about finding a smoking gun, as much as some Democrats might wish it were.

What it is about, and what the public will get to hear and read about in wrenching detail over the coming months, is how business gets done down in Texas. How a small group of business leaders exert enormous clout over Bush and his team in getting the rules changed to their benefit.

It will explain why Bush has locked up presidential records, locked out any voices opposed to his pro-business agenda and rammed through an expensive economic plan that wiped out the budget surplus but to date hasn’t had any positive effect on the economy.

It will explain what influence Enron Chief Executive Ken Lay and his advisers had with Cheney and his energy task force when they met six times last year while the vice president was putting together the administration’s energy policy.

And it will explain why Bush is now thinking about acting on a proposal from that very task force that seeks to roll back a key provision of the Clean Air Act that helps keep factory pollution down by requiring new controls when old plants are upgraded.