I'm not a big Joe Lieberman fan, mostly because I think he can be horribly hypocritical. He came down hard on corporate America after Enron and Worldcom, but, in my book, he shares more than his fair portion of the blame for the financial scandals we've had over the past few years. In the 1990s, when the SEC and the Financial Accounting Standards Board tried to rein in the conflicts of interest that were plaguing the accounting industry (and which led Arthur Andersen to overlook the shenanigans going on at Enron and elsewhere), he threatened to take FASB apart and cut the SEC's budget. He won, and investors and pensions throughout America lost. That said, Jacob Weisberg in Slate is right. The Democrats' dumping of Lieberman is an early indication that they believe ideological purity is more important than control of the Senate in 2006. And if anyone can lose against the Republicans in 2008, it's the Democrats.
3 comments:
Now, now. Shooting the messenger may be gratifying, but it is rarely helpful.
BTW, bet you didn't know that that's what a lemming looks like.
I wasn't talking about Weisberg, I was talking about me. Feel free to shoot at Weisberg or Slate all you want.
Post a Comment