Business supports Bush on accounting reforms

Washington Times ^ | 7/07/02 | Donald Lambro

[kattracks]

The business community strongly supports President Bush's plans for stricter oversight and enforcement to clean up corporate accounting abuses but warns against excessive regulations that could hurt the economy.

"There are areas of standards and oversight that have fallen down. Let's make changes to strengthen the enforcement in those areas and close loopholes, and if that requires legislation, so be it," said Bruce Josten, executive vice president for government affairs at the U.S. Chamber of Commerce.

[lewislynn]

But Mr. Josten said that while "the business community largely favors taking appropriate steps that are meaningful, what we're concerned about is political overreaching. We're already an economy that is struggling to recover; let's not make it worse."

Made worse by whose invitation Mr. Josten? If you children can't behave, you'll only make it worse for yourselves....Nitwit!

[jaq]

Sorry, I no longer trust the almighty government to fix anything. This is the same government that spent the S.S. money, the same government that supports one of the worst public education systems in the world, the same government that can't trace millions of dollars of government tax dollars that "disappear" (read ripped-off) every year, and they want to fix corporate problems?

[lewislynn]

Sorry, I no longer trust the almighty government to fix anything.

My point was not that the government would fix anything but that due to the idiocy of these clown's action they've opened the door for the government to run roughshod over them....What will they use for their defense if they can't use their past performance as examples?...Greed will kill you.