Streamlining Government

[tw]

Originally posted by verbatim
But as the media has brainwashed us into believing, we are in an economic slump.

Recession was George Jr's excuse last year. The new excuse is 11 Sept. Wrap yourself in the flag and tell people it is their partriotic duty to buy more things. Unfortunately too many have believed this rhetoric. They are buying too many things that George Jr says.

What George will not say is why Enron and Global Crossing happened. Arthur Levitt, Clinton's SEC chairman saw it coming years ago and tried to stop it. Instead 13 major (unnamed) politicians - we now know lead by Sen Tauzin (R-LA) - told the SEC in no uncertain terms that any legislation to rein in accounting firms will result in no budget for the SEC. As it is, the SEC budget has decreased with inflation.

Would our president lie when he doesn't tell the whole truth?

Funny. The big six accounting firms paid $1billion in fines for their audits of the S&Ls. The big six (now big five) bought politicians (legalized campaign bribes) and had those laws neutralized in the early 1990s. Now American accounting firms are so corrupt that they will probably get away with it (except Arthur Andresen). 3 of the big five may be fully involved in massive book cooking in too many corporations.

So big business will need more top management to deal with these problems? Remember Roger Smith of GM who was dishing out record bonuses to GM top management when the company was downsizing - during the filming of Roger and Me. We call it streamlining when we fire employees and give bonuses to top management?

Clearly that is George Jr's version of streamlining. What do you expect? He is an MBA from Yale with no successful business experience - no dirt under his fingernails. Therefore his idea of streamlining is more top managers - more bureacracy - the Office of Heartland Security. Instead he should be calling for complete regulation of a corrupt industry.