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Why aren't conservatives outraged????

I find it hilarious that anyone would cite an article from "The New Republic" as evidence of any supposed view held by conservatives. Your source is not exactly known for its neutrality.
 
I think that you and the writers of the article may be mistaking outrage for measured action, and that's hardly confined to the conservative set. Right now, the prime movers of U.S. politics are in reactionary mode, waiting to see what other shoes drop, in particular the extent and mechanisms used by the executives, boards, and auditors to deceive. They're right that greed is the common thread running throughout the scandals, but in most of the cases, the mechanisms used differ.... one books operating expenses as capital expenses, another books future recurring revenue streams as current income, etc etc etc.

There's some common threads in most of the cases, that being that a dishonest person in a position of influence convinces a compliant auditor to go along, all the while with the other control mechanisms which are supposed to be in place breaking down (board oversight, federal regulators, etc.). In some cases, the problem areas were identified long ago (e.g. accounting firms performing both auditing and advisement services), but other flaws and loopholes in the system which got exploited are still being discovered.

In short, the full extent of the problem is still being determined. Acting rashly may compound the problem. Not to mention that any "fix" which is implemented will only be able to make a difference going forward. Compounding the problem is the fact that many of the people who may be involved in putting the "fix" in for the broken system both helped create and benefited from how the system was previously set up, and you have a recipe for almost everyone concerned being timid in how they address the issues that Enron-type scandals raise.
 
Conservatives and libertarians alike ARE outraged. The difference is, instead of whining about how evil capitalism and freedom is, we blame a lack of personal responsibility and morality.

Heaven forbid you actually blame the crooks who did this, rather than punish everyone else.
rolleye.gif
 
They're conserving their wrath so that it can be properly channeled toward those misrepresenting their viewpoint...
 
I wonder what would happen if Bill Clinton was the CEO of Enron or Worldcom. The right believes in no regulation of corporations because that's true capitalism. However, it only works if everyone was perfect.
 
Originally posted by: Pennstate
I wonder what would happen if Bill Clinton was the CEO of Enron or Worldcom. The right believes in no regulation of corporations because that's true capitalism. However, it only works if everyone was perfect.
Click to expand...

the right believes in no regulation for industries it approves of. prostitution, drugs, yea right.
 
Originally posted by: Pennstate
I wonder what would happen if Bill Clinton was the CEO of Enron or Worldcom. The right believes in no regulation of corporations because that's true capitalism. However, it only works if everyone was perfect.
Click to expand...

If bill was the ceo, he would be under investigation as well.


The right beleives in as little regulation as possible. No company's shareholders would willingly allow such fraud to take place.
Right now there are alot of pissed of shareholders and some people will be going to jail.
 
Originally posted by: Pennstate
I wonder what would happen if Bill Clinton was the CEO of Enron or Worldcom. The right believes in no regulation of corporations because that's true capitalism. However, it only works if everyone was perfect.
Click to expand...




Regulation is only needed when there is to little competition in certain markets to protect consumers. I'm pro competition which increases quality and lowers price for consumers.

What the CEO's did with the help of the accounting firms was wrong and had nothing to do with regulation.

Hiding 4 billion dollars is obscene and completely boneheaded.
 
Hmmm, perhaps it's that little phrase we have in our legal system, "innocent until PROVEN guilty".


Seems liberals attack and blame before the entire story has even been released.
Sure they screwed up but we WILL investigate and charge those guilty of fraud.(at least i HOPE so)


I suppose a world run by you would be sooo much better? Ya, right.

Your honor we have (6) defendants on the docket this morning.
Guilty!
Guilty!
Guilty!
next...
Guilty!
Guilty!
Guilty!
Ok, let's break for lunch.
 
Originally posted by: BreakApart
Hmmm, perhaps it's that little phrase we have in our legal system, "innocent until PROVEN guilty".


Seems liberals attack and blame before the entire story has even been released.
Sure they screwed up but we WILL investigate and charge those guilty of fraud.(at least i HOPE so)


I suppose a world run by you would be sooo much better? Ya, right.

Your honor we have (6) defendants on the docket this morning.
Guilty!
Guilty!
Guilty!
next...
Guilty!
Guilty!
Guilty!
Ok, let's break for lunch.
Click to expand...


That was the point I was trying to make.

 
Mrburns2007, change the word "flag" in your signature to "software license" and you have a real winner there. 🙂
 
judge: how do you plead?
CEO: your honor, I plead not guilty to the charge of overstating $4,000,000,000 in revenue.
 
Like I posted in another thread

Capitalists learn best what they can and cannot do when the rotting corpse of one of their fellow members is being picked apart in bankruptcy court.
Click to expand...
 
Originally posted by: Pennstate
judge: how do you plead?
CEO: your honor, I plead not guilty to the charge of overstating $4,000,000,000 in revenue.
Click to expand...


Fortunatly we also have trials and evidence.
rolleye.gif
 
Originally posted by: Pennstate
I wonder what would happen if Bill Clinton was the CEO of Enron or Worldcom. The right believes in no regulation of corporations because that's true capitalism. However, it only works if everyone was perfect.
Click to expand...

You just buried yourself here. There ARE regulations covering this. What they did IS illegal. Did that stop them?

Making something illegal does not stop criminals from committing crimes, Penn. And over regulating companies wont stop criminals either. All over regulating does is inhibit business growth.

True capititalism WORKS because no body is perfect. Socialism FAILS because no body is perfect. True captialism puts the power in the hands of the individual, and allows for true competition. The weak or corrupt companies will fail. Socialism puts the power in the hands of the government and it's regulators who are, for all intents and purposes, above the law because they make the law. I'd rather have a few corrupt businesses here and there occationally fail, than have a huge corrupt government.

Are you so blind as to not see that corruption will ALWAYS exist? It always has, it always will. Captialism minimizes the fall out from corruption, because government is weak. The stronger the government, the more corrupt it will be, and the more that corruption will affect our lives.
 
Damn THOSE OTHER PEOPLE. THEY are such hypocrites. THEY are so bad and evil, I hate THEM so much.

Me, I'm perfect. I don't have to question my own behavior because I represent everything that is good. That is why I focus negative energy on a faceless, loosely strung-together group of people I've created a label for, and whom I always imagine the worse of. This is how good people create change, why can't you all be more like me and not be such hypocrites.
 
Amused is right about personal responsibility. We need to legalize drugs and empty the jails so we got room to put every corporate employee behind bars for life for every infraction of the law. We should be ashamed of ourselves for running a country where the consequences of corporate crime are so mild that it makes temptation almost irresistible. A few Ken Laheys go down to lethal injection and the corporate crime stuff will end quick. I just regret I've been so soft on where the real crime is. It all comes of being too liberal.
 
True captialism puts the power in the hands of the individual, and allows for true competition. The weak or corrupt companies will fail. Socialism puts the power in the hands of the government and it's regulators who are, for all intents and purposes, above the law because they make the law. I'd rather have a few corrupt businesses here and there occationally fail, than have a huge corrupt government.
Click to expand...
AmusedOne, you're my hero. Well said.

Moonbeam, I agree, if convincted these bums should be locked up for life at Levinworth and not some cheesy golf course prison. And releasing non-violent drug offenders would indeed make room for them. Lethal injection, though? Surely you don't feel these guys are beyond all redemption, all hope?
 
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