Posted on 09/21/2003 6:34:09 PM PDT by Straight Vermonter
If, fortuitously, you were able to correct all the government regulations you cited (which would be good), you would still have the corporate governance problems I cited.
Removing the government regulations are neccessary (agreed) but not sufficient (corporate governance needs to return to sound business and economic fundamentals).
Both require fixing.
About Iraq and how the war is going:
Being sarcastic, Ann Coulter said it's notable how the situation in Iraq suddenly worsened when the imbedded reporters left their units. Worst casing is what we now see, read, and hear from the mainstream media.
The lovely Robin Wright, LATimes Middle East Expert (almost a regular traveling companion of Colin Powell), said on Meet The Press yesterday that except for specific hot pockets, Americans have achieved significant success in most of the country. She just returned from there and I think I recall her being pleasantly surprised at what she saw.
Just this morning I'm listening to Neal Boortz tell about a letter he got from a Georgia father whose son is in Iraq. The son's unit has an Iraqi, and when the unit was assigned to the Iraqi soldier's village, the entire village threw a huge party for the unit. That's just one good example we didn't hear, and I think it's smart to ask how many others we haven't heard.
The economy:
You mentioned seeing white collar jobs leaving the country. I've seen articles about that too....specifically mentioned the jobs that are moving to India. I'm sure this is happening, and I remember all the complaints last year on a 60 Minutes segment, about how the very brilliant, extremely well educated Indian computer geeks are coming here to capture all the best jobs.
Unemployment definitely a problem for Bush, but evidently the democrats are paying attention to all the leading indicators which are signaling in strong measure, that Bush's economic plan is working. I think Democrats have figured out that the economy won't be their strong attack line after all, which might explain why Clark entered the race. (I think if the economy were really the best weapon for Democrats, Gebhardt would be doing better.)
melchizedek, I don't think either one of us is completely incorrect in how we are sizing up the war or the economy. We just weigh what we think we know to be true, by our own measure.
"Media's dark cloud a danger
Falsely bleak reports reduce our chances of success in Iraq"
http://www.ajc.com/opinion/content/opinion/0903/22international.html?urac=n&urvf=10642373241680.28346530679213333
some dimwit east coast elitist financial journalist telling me everything's a-ok.
Ping to my freeper pals. A Bushbot run web site.
PKM, here's my commercial for your FR Blog List. Let me know how that's going.
Bobthenailer, thank you and freepmail me at your convenience.
Accounting scandals. CEOs falsifying their resumes. Investment bankers being indicted. Biased research. Auditing firms that look the other way in exchange for money. Companies granting executives millions of stock options, giving them a huge incentive to cash out and leave. Companies hiring auditors to do nonaudit work. Market timing & late trading scandals at Funds & Brokerages. Enron. Adelphia. WorldCom. Arthur Anderson. Qwest. Xerox. Imclone. Martha Stewart. Freddie Mac derivatives....
Then there's he whole gray area of pro-forma reporting of company financials, pension asset valuations, off-book stock option expenses...
There are many fine companies in which to invest or work for....but they must be judged on a case-by-case basis.
We swim with sharks.
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