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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Cactus Jack who wrote (53622)	7/9/2002 11:31:25 PM
From: stockman_scott	Read Replies (1) \| Respond to of 65232

Dobbs Report: Memo to Staff A few thoughts tonight for the White House staffers who worked on the president's speech. July 9, 2002: 7:29 PM EDT By Lou Dobbs, Lou Dobbs Moneyline money.cnn.com NEW YORK (CNN) - A few thoughts tonight for the White House staffers who worked on the president's speech over the weekend while he was playing golf in Maine. You folks are supposed to be helping him, not serving him up as an easy target for the Democrats.... Do you really believe it was in the president's best interest to be seen on every news network playing the game of business, that is, golf, in the days before he was supposed to be the Great Reformer of business? And as for the speech, did you buy into the Democratic view that the president is too close to business for him to credibly be the reformer of big business? Is that why the president talked with so little passion, with so few specifics? Don't you realize the CEO/MBA president has a unique advantage in leading reform of corporate America and Wall Street? And which genius among you had the president go to Wall Street to make this too tepid speech on reform? How about instead the president summoning the leaders of corporate America, the stock exchanges, the business roundtable, the business council, and the other organizations representing big business into the Oval Office to get their direction on conscience, character and conduct from the nation's chief executive? How about the president simply telling them that there will be zero tolerance of corporate corruption, that the SEC and the Justice Department will use every existing law and tool at their disposal to root out criminals and convict them? That the leaders of every big corporation and national business organization will lead by both example and voice or lose the support of the administration? And who among you had the bright idea of creating another task force? There's already one task force working in Houston... it's called the Enron task force, and we haven't seen any results in seven months. Will you all finally figure out that the Justice Department and SEC have spent too many months investigating Enron, without any action? That the time for action is now? That the president's next speech on corporate ethics will have more power if it's preceded by indictments and arrests of, not a few bad apples or bad actors, but an ever growing list of corporate crooks? I can't wait for that next speech.