Everyone who pays any attention to politics has long known that back in his days as a Texas oil man President Bush failed upwards through a series of business transactions — at least one of which looks quite similar, albeit on a far smaller scale, to what WorldCom and Enron got caught doing. Only now, with all the dust kicked up over corporate malfeasance, does it fit into a larger framework with political bite.
As DC Democrats and Republicans are realizing, this has legs. And a soon-to-be-released article contains some as-yet-undisclosed and, I think, very embarrassing statements from the president which will give the story even more steam.
Check back with TPM tomorrow for some choice examples.