The Democrats have finally given up on trying to inflate Enron into a Republican scandal.

“I’m being very, very careful to say that it’s not another Whitewater,” said Rep. Henry Waxman, the Democrats’ lead investigator into what the White House knew of the debacle, when, and how Enron may have influenced the administration’s energy policy plans.

Of course, Mr. Waxman didn’t think that Whitewater was a Whitewater…