[carenot]

"All I can tell you, is that in the corporate world, accounting isn't always black and white, and that's why the SEC looks at these matters, and they looked, and the earnings needed to be restated, and they were, and that's that."

I will have to review the tape.

Did Bush really say that?

If not who did?

[YaYa123]

I put quotations marks around what I thought I heard President Bush say....if that's not exact, it's pretty close. It was in response to a question that had been asked and answered more than a few times before.

All the Harkin questions today were designed to make it sound as if President Bush had an Enron-Global Crossing-WorldCom- Arthur Anderson- Martha Stewart past, very accusatory, but he handled them very well.

[TLBSHOW]

THE PRESIDENT: Mike, you need to look back on the director's minutes. But all I can tell you is, is that in the corporate world, sometimes things aren't exactly black and white when it comes to accounting procedures. And the SEC's job is to look and is to determine whether or not -- whether or not -- whether or not the decision by the auditors was the appropriate decision. And they did look, and they decided that earnings ought to be restated, and the company did so immediately upon the SEC's finding.