this morning in Birmingham, President Bush gave another speech aimed at restoring investor confidence at the same time the country's equity markets were well on their way to a sixth day of losses. Why is that? Could it be because so many administration officials in the Bush White House are themselves former corporate CEOs, lawyers, or accountants who lack the moral authority or the will to change corporate practices, or even to enforce current law? Or could it be because in the middle of the current financial crisis, the President and the Vice President have been forced to answer questions about their own ethics and business practices as oil company CEOs? Or could it be, because despite his rhetorical calls for corporate America to clean up its act, the President continues to oppose real reform on Capitol Hill? Maybe, Mr. Speaker, with the recent spate of corporate collapses, the American people have begun to wonder whether running the company like a corporation, as the President and Vice President have promised, is all that good an idea.
Editor's note · Context
Addressing corporate ethics and investor confidence during a speech by President Bush.
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