A Stunning Fall

One of my favorite scenes in one of my favorite movies is when George Bailey, Jimmy Stewart’s character in Frank Capra’s great Christmas classic, It’s a Wonderful Life, pleads with a group of customers at the savings and loan not to withdraw all of their money.

George says the money isn’t in the vault, it’s helping build their neighbors’ homes and start their businesses. He eventually persuades them to only take out what they need, thereby allowing the bank to remain open.

But, for me, the “money shot” is when the sound of fire trucks or ambulances or police cars distracts the crowd and everyone moves to the window to see what’s going on. Our attention is riveted by the crisis in the bank but they can’t help but turn their gaze to the street.

Which brings me to the news that uber-prosecutor turned New York governor, Eliot Spitzer, has been implicated in a sex-for-money scandal. Nothing sucks up the public’s attention more than a story that combines sex, scandal and celebrity.

And when the celebrity in question is a stuffed shirt politician who has made a career out of prosecuting wealthy businessmen who were caught stealing, cheating or otherwise taking advantage of their high positions in society, well, the hypocrisy is stunning and overwhelming.

While the story is unfortunate in that, once again, parents are having to explain terms like “prostitution” and “call girls” to their children who happen to be watching the news with them it brings some relief to those of us who have been overdosing on the contest between Barack Obama and Hillary Clinton.

After yesterday’s Mississippi primary, which was won decisively by Obama, the next contest isn’t until April 22 in Pennsylvania. There will continue to be news relating to the presidential contest, most notably the expected resolution of the imbroglio involving the Florida and Michigan delegation to the Democratic convention. But this amounts to something of a news blackout for six weeks. Six weeks!

Of course, locally we have important elections coming up on April 1st including the Wisconsin Supreme Court race between incumbent Justice Louis Butler and challenger Mike Gableman. But the Spitzer story is filling a void with the overwhelming power of a raging tide (sorry, sorry, sorry!).

Spitzer announced his resignation today. Some will say he should have stayed and defended himself since this is such a personal matter and, after all, Bill Clinton didn’t leave office after he was involved in a sex scandal.

But Clinton’s Affaire Lewinsky did not break any law (though, of course, he was charged with perjury for denying the relationship in grand jury testimony) and the campaign to impeach Clinton was such a political witch hunt.

Spitzer was caught in an investigation launched by the IRS and the FBI based on the unusual transfers of funds that he was using to funnel money to the “escort service.” Arguably, the investigators expected to find evidence of a bribe or other form of public corruption and were disappointed to find the trail led to a mere case of “in flagrante delicto.”

There are endless angles to the Spitzer story but in a few days I expect we will tire of it and return to the minutiae of more important political stories. In the meantime, political wags are soaking up all the details involving Kristen, Client #9, and the Mayflower Hotel.

Now what was that you were saying, George?