-Caveat Lector-

Rubin Grabbed in Sendoff Spoof

By WILLIAM C. MANN
.c The Associated Press

WASHINGTON (AP) - Late in his tenure as Treasury secretary, Robert Rubin
often had occasion to tear into the way Japan handled its reeling economy.
The Japanese probably didn't like it, but enough to kidnap him?

Yep, said a videotape spoof shown in the White House's state dining room to
President Clinton, along with the first lady and other Rubin friends and
colleagues attending a retirement party thrown by the president Thursday
night.

The premise was that retired Japanese bureaucrats took Rubin hostage in Tokyo
and refused to let him go unless he would say something - ANYTHING - positive
about the Japanese economy.

The CIA reports to Clinton that, aware of the U.S. military's ``name, rank,
serial number'' limits to cooperation with captors, Rubin held out against
his. He gave them nothing more than a lesson in basic capitalism: ``My name
is Bob Rubin. I am a U.S. citizen. Markets go up and markets go down. I have
nothing more to say.''

Jesse Jackson, whose real-life hostage-retrieving skills were honed in Iraq
and Yugoslavia, finally is called on to find ``common ground between the yen
and the yang.'' Successful, Jackson declares: ``Free at last, free at last.
Thank God almighty, Bob's free at last.''

Gene Sperling, Clinton's chief economic adviser, conceived, produced,
directed, wrote the screenplay of (what there was of it), acted in and was
cinematographer for the production.

Sperling's handiwork producing ``Free Bob: A Documentary'' did not go
unnoticed. His spokesman, Jake Siewert, introduced his boss Friday at a White
House briefing as ``chairman of the National Economic Council and a
documentary filmmaker.''

Sperling reportedly worked on the movie, off and on, over a 24-hour period,
then got editing help from a friend who's an experienced editor.

The concept probably came easily to Sperling: Japanese officials were known
to resent Rubin's outspokenness about economic mismanagement in their
country. Tokyo quickly congratulated his successor, Rubin's longtime deputy
Lawrence Summers, after his swearing-in Friday.

In addition to Jackson and Sperling, the videotape featured some of
Washington's most powerful people.

Sandy Berger, Clinton's national security adviser, argues with Sperling about
whose name goes atop the memo to Clinton outlining rescue options. Japan is a
foreign country, but the demands are economic.

Clinton tries to keep himself above the fray by working on a crossword
puzzle.

Defense Secretary William Cohen reports in the Pentagon press room that he's
offering the Navy's entire $82 billion budget to pay for Rubin's hotel room
in outrageously expensive Tokyo.

Federal Reserve chairman Alan Greenspan gives his report. ``Greenspan's
comments were straight up,'' an official who saw the film said, ``but in the
context, you had to laugh.''

Thursday night's showing was supposed to be the last, and as of Saturday
nobody had reported that a copy had been leaked. But in Washington, just
wait.

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