What’s This About “Accountability.”

What’s This About “Accountability.”

What’s This About “Accountability.”

George W. Bush could not bring himself to mention the name “Enron” inhis State of the Union address. But no one doubted that, when thepresident spoke of the need for greater corporate accountability Tuesdaynight, he was refering to the economic and political scandals that havearisen in the aftermath of the collapse of Houston-based Enron Corp.

Credit Bush with a few calming lines in response to mounting concernsregarding the behavior not just of Enron executives but of members ofhis own administration with close ties to the bankrupt energyconglomerate. It was good to hear the most corporate president inAmerican history tell Congress that, “Through stricter accountingstandards and tougher disclosure requirements, corporate America must bemade more accountable to employees and shareholders and held to thehighest standards of conduct.”

But, as Bill Clinton illustrated year after year, State of the Uniontalk comes cheap.

Copy Link
Facebook
X (Twitter)
Bluesky
Pocket
Email

George W. Bush could not bring himself to mention the name “Enron” inhis State of the Union address. But no one doubted that, when thepresident spoke of the need for greater corporate accountability Tuesdaynight, he was refering to the economic and political scandals that havearisen in the aftermath of the collapse of Houston-based Enron Corp.

Credit Bush with a few calming lines in response to mounting concernsregarding the behavior not just of Enron executives but of members ofhis own administration with close ties to the bankrupt energyconglomerate. It was good to hear the most corporate president inAmerican history tell Congress that, “Through stricter accountingstandards and tougher disclosure requirements, corporate America must bemade more accountable to employees and shareholders and held to thehighest standards of conduct.”

But, as Bill Clinton illustrated year after year, State of the Uniontalk comes cheap.

So how can Bush prove to the American people he is serious about thiswhole accountability thing?

The president could start by identifying the executives of Enron andother corporations who met with him and Vice President Dick Cheney toforge the administration’s energy policy. So far, the president hasrefused to release any of the names, calling demands for details frommembers of Congress and the General Accounting Office “an encroachmenton the executive branch’s ability to conduct business.”

Here’s a hint for the president as he explores “the highest standards ofconduct”: If he wants to teach corporations to be more accountable, hemight start by being more accountable about the official business hehimself is conducting with corporations such as Enron.

Support The Nation’s June Fundraising Campaign

With the midterm elections now firmly upon us, the question is whether Democratic candidates will do more than merely occupy ballot lines as mild alternatives to the red-hot crisis that is Donald Trump.

As Trump spends over $1 billion a day on a globally destabilizing war on Iran and admits that he doesn’t “think about Americans’ financial situation,” millions across the country are struggling with the surging costs of essentials. Democrats must seize this moment and advance bold, small-“d” populist ideas—not settle for cynical caution that once again snatches defeat from the jaws of victory.

The Nation elevates progressive ideas, movements, and elected officials achieving real change across the country into the national conversation. At the same time, our journalists are exposing how crypto and AI-funded super PACs are spending hundreds of millions of dollars to knock out candidates they oppose, reporting on the devastating impact of the Supreme Court’s evisceration of the Voting Rights Act, and sounding the alarm on attempts by red states to quickly redraw electoral maps, disenfranchising Southern Black voters.

We can play this critical role because of support from readers like you. This June, we’re raising $20,000 to power The Nation’s independent journalism in the run-up to November’s immensely consequential elections.

It’s in our power to build a more just society, and your support at this critical moment brings us closer to that bold vision. I hope you’ll donate today.

Onward,

Katrina vanden Heuvel
Editor and Publisher, The Nation

Ad Policy
x