Reality Check it’s business as usual
The predominant mode in Washington at the moment is that corporate reformers are under control. Speech by President Bush on Wall Street Corporate chastising bad apples, a bomb was immediately rejected circles in Washington with proposals as too weak to ensure thorough reform.
The Senate has an account of the accounting reform, which actually contains provisions which, at least in part to some of the worst abuses of Enron, WorldCom and other scandals. Last week, some changes to strengthen criminal penalties for securities fraud and demand that leaders take responsibility for the information which, in its conclusion.
Conservative economist Jude Wanniski, the Senate has done “is a crime of doing business in the USA.” Representative Michael Oxley, R-Ohio, said: “summary executions [for fraud committed Presidents] on 85 votes in the Senate at this time.” Intel CEO Andy Grove, complains in the “Washington Post” that he and other presidents feel like “class of aliens,” victims of social stigma and unjust, “as a group of non-confidence, buy individuals. “Sometimes the emotional and ends up in Washington, that people lose their ability to think clearly. The microscopic, Snap Shot focus on a specific question at a time when politicians and commentators causes of losing all perspective.
Indeed, Congress and the Bush administration more than ever to take a shower and secondary services in a department store. Look at the President of the floor on Wall Street and follow-up earlier this week in Alabama.
Mr. Bush reminded his audience that Congress itself and “the greatest success tax cut in a generation” and asked that the 10-year tax cuts are sustainable. The reduction of tax on corporate tax payments are at historically low levels as a percentage of gross domestic product, and accumulated more than half of social benefits the richest 1 percent of the population American.
Bush has called “the congress with me for the promotion of free trade” - that is to say that Congress should Fast-Track-commerce authority to negotiate new trade agreements, one for everyone, including the North America, Central and South America, along the lines of NAFTA. Both chambers of Congress Fast-Track-commerce authority, but always on their bills in a complex process, which can still fluctuate. Fast-Track - The law defines the priority of commercial interests on health, safety, environmental and other mechanisms of protection of citizens - is the summit of the Chamber of Commerce legislative wish list, and against trade unions, Environmentalists, consumer associations, organizations of human rights and citizens groups.
Bush has called for the provision of terrorism insurance, which is largely unnecessary. The management of favorites, a massive Give Away for the insurance sector, which would get a huge subsidy by the federal government gratis.
And this is not true that the administration and Congress has already heavily on a department store.
Both houses have an energy versions of the bill, sweeping aside the Federal Energy Regulatory regime exemption from energy-producing companies to consolidate and other branches - a concept remarkably similar to financial deregulation and integration, which precipitated the current financial crisis.
Both major parties are in a grotesque competition more and more to pay money in the Pentagon. Invoice urgent additional resources lavished billions more on an inflated military budget approach $ 400 billion per year. What a gift for Lockheed, Boeing, Northrop Grumman and Raytheon.
Earlier this month, Congress acted for management plans for radioactive waste by sea villages and cities across the country, for the disposal of Yucca Mountain, Nevada. This deadly Gamble - the risk of accidental release of radioactive waste en route (request to call the system critical “Mobile Chernobyl”), or leaks in water supply in the Yucca Mountain - is crucial for Hopes for the nuclear industry, not only to continue but to increase.
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