No kidding.
People's eyes glaze over when you talk about "accounting scandals"
The acrane accounting termonology alone isn't in the working vocabulary of the majority of Americans and the rats think they can build a scandal around this? LOL!
Maybe we should let them hold our "Stupid Party" World Belt for a while..
This points out the foolishness of the Democrat anti-business attacks. I hope it all backfires. They deserve it.
This has the dems very confused since it worked so well under x42's leadership.
With 66% of likely voters invested in the stock market, Gore speaks to the masses as if they were a bunch of grungy green-wackos without a real job. Yeah, "Corporate greed, dude!." Well, at least Al has the lumpen proletariat vote sewed up. Hope he gets the Demo nod in '04.
I'll say it again: We'll gain seats in the House, probably around 10, and we WILL retake the Senate. Come January, the RATS will be completely powerless at the federal level for the first time since the Hoover Administration.
Pubbies, get angry, very angry, and stop the whining Bush whacking.
He's the only thing left between you and Al Gore, Hillary Clinton, and Bubba, all back in the White House.
How would you sleep then, boys and girls?
But...
Bush the Elder had almost the same set of advantages and conditions going into the 1992 elections.
Since the Black Tuesday atrocities and our military response, Dubya has dissipated some of the goodwill I and a lot of other freedom weenies felt toward him with a half-dozen statist moves, worst among them the PATRIOT Act and the TIPS initiative. Nevertheless, I continue to believe that President Bush is genuinely concerned about freedom, and places traditional American political values of individual liberty and free enterprise at the top of his priorities.
Thing is, he has to demonstrate this in a big hurry. The glow from the Afghani War will only last so long, and the Democrats are not about to give him any breathing space with a midterm election coming up.
If I were a Bush advisor, I think I'd counsel him to get behind the largest pro-freedom development in recent months -- school vouchers -- and push it with everything he's got. That's the issue that appears to have the Left most off-balance. When they're reeling properly from a major Bush Administration drive to make vouchers common practice in all fifty states, I'd say to hit 'em again in another area -- perhaps a legislative initiative to repeal the death tax all the way, right now, and to make the other 2001 tax cuts permanent as well.
Any military man will tell you: the road to victory lies in reinforcing success, not shoring up weak points.
Freedom, Wealth, and Peace,
Francis W. Porretto
Visit the Palace Of Reason: http://palaceofreason.com
What pedictable and contemptible jackasses! Anyone with half a brain can see that the dims are willing to run the economy into the ground if it will help them politically. They can also see that all this corporate corruption is being discovered and will be prosecuted by the Bush Administration...it flourished under the Clinton Administration.
If you had bought $1000.00 worth of Nortel stock one year ago, it would now be worth $49.00.
With Enron, you would have $16.50 of the original $1,000.00.
With Worldcom, you would have less than $5.00 left.
If you had bought $1,000.00 worth of Budweiser (the beer, not the stock) one year ago, drank all the beer, then turned in the cans for the 10 cent deposit, you would have $214.00.
Based on the above, current investment advice is to drink heavily and recycle.
The Democrats have been pounding the administration over the corporate accounting scandals and the stock market's nose dive, but several upcoming actions could converge to deflate, if not defuse, their attacks.
Last week, former Vice President Al Gore blamed President Bush's tax cuts for ushering in an environment of "unfettered corporate greed." Senate Majority Leader Tom Daschle of South Dakota said it was Mr. Bush's "laissez faire" policy toward business that led to the scandals. Other Democrats accused Mr. Bush of practicing "voodoo economics" and running an "oil-industry administration."
But Republican pollsters say these attacks are not working and are even drawing a backlash from voters.
"The bottom line is that people want solutions, not partisan attacks, and that's all the Democrats are giving them at the moment, just partisan attacks," said pollster David Winston, who presented his latest survey findings to several dozen lawmakers on Capitol Hill last week.
Mr. Winston declined to discuss the specific numbers in his poll, but a House leadership official who attended the meeting said: "The number one message that voters are hearing from the Democrats throughout this period is attack. Of those who heard their message, 18 percent were most likely to vote for Democratic candidates and 58 percent were less likely to vote for them."
"Right now their attacks are benefiting us because every time they launch an attack on the president and the Republicans, people — especially independents — respond negatively to it," Mr. Winston said.
White House strategists believe that the Democrats' attacks, whatever their effect, will be rebutted by a series of events during the next few weeks that will show Congress and Mr. Bush aggressively dealing with scandals and the stock market's past volatility. Among them:
•Mr. Bush will sign a sweeping corporate accounting reform bill, potentially this week, to create an oversight accounting board in the Securities and Exchange Commission and impose tougher criminal fines and jail sentences on wrongdoers.
•The Justice Department is reportedly ready to bring criminal charges against several former WorldCom Inc. executives after the arrest of Adelphia cable corporations executives on charges of fraud last week.
•Mr. Bush intends to follow this up with an economic forum Aug. 13 in Waco, Texas, to bring together administration policy-makers, economists, business owners, small investors and union leaders to discuss the economy, and ways to accelerate growth and investment.
•Aug. 14, in an unprecedented government action, becomes the SEC's deadline for chief executive officers of 1,000 large publicly traded corporations to certify that their annual and quarterly financial reports are accurate and honest.
White House strategists believe that these and other actions will reinforce public confidence in how the administration is handling the corporate scandals and that they will effectively blunt any future Democratic attacks.
"We'll be seen fixing the problem, while the Democrats will be seen making political attacks," an administration official said Friday.
The bounce back in the Dow last week also helped ease the public's frustration and anger over the relentless decline in worker retirement accounts during the past eight weeks, followed by a rise in the University of Michigan's closely watched consmer confidence index for July.
Even so, there were words of caution on both sides of the political battle lines as the midterm election drew nearer.
Al From, president of the centrist-leaning Democratic Leadership Council, is warning his party against sounding anti-business.
"We need to figure out how we deal with this corporate governance scandal, and we need to have a long-term strategy," he said.
Pollster John Zogby added, "Democrats have to be very careful here. The economy could really turn around, and they have to be careful not to make this a populist battle against the rich because that doesn't cut it.
"With 66 percent of likely voters invested in the stock market, they don't want to battle the rich, they want to be rich," Mr. Zogby said.
Meanwhile, Wall Street economist Larry Kudlow thinks the administration must look beyond its latest actions and "revive a growth and optimistic future-outlook message."
"They need to revive tax reform and regulatory reform to back up this message with specifics. Right now, too many decisions on the economy are being made with political expediency in mind. Much too Nixonian," Mr. Kudlow said.
Copyright © 2002 News World Communications, Inc. All rights reserved.
When we pray for the great wisdom discernment, for everyone, the truth emerges and flabbergasts those who would conspire to distort (lie). God really hates the bearing a false witness, and we have a LOT of that going on in our major media outlets at the behest of people promoting their party image. Truth, on both sides, emerges when we pray for that to happen. It does. Thank you, God.
Good Lord, Al Gore is even dumber than I thought!! The tax cuts brought on the corporate greed??? The guy must be smokin' dope again - it shows.
What a frickin' idiot.