Friday, November 23, 2007

"The unknown Ron Paul" by Paul Krugman

from The unknown Ron Paul by Paul Krugman | New York Times Blog

Doing research for tomorrow’s column, I ran across a chapter most Ron Paul supporters probably don’t know about.

The quiet campaign against provisions of the Sarbanes-Oxley Act may have had something to do with the proposal by Representative Ron Paul, a Republican from Texas, on Thursday to eliminate Section 404 entirely. In a statement, the congressman said the provision “has raised the costs of doing business, thus causing foreign companies to withdraw from American markets and retarding economic growth.”

What’s that about?

Section 404 requires companies and their auditors to assess the companies’ internal controls, which are the practices or systems for keeping records and preventing abuse or fraud.

Ron Paul, enemy of the Iraq war — and friend of corporate fraud?

2 comments:

Wagomi said...

First of all, why do you assume you know something most of us don't? I've read a few of your posts, and guess what, you're not scaring me into disliking Ron Paul, largely because your language is very deceptive.

I am not going to take my time to present a long, thought out, explanation of Ron Paul's actions or words every time he is criticized. The truth is that many of these criticisms are based on deception, exaggerations, hyperbole, emotionalism, and oversimplification.

Adam Holland said...

"WAGOMI":

This piece was a reposting of a Paul Krugman blog posting, not an original piece, so your comments don't really reflect the content of the piece. Did you even read it?

Wagomi's comment seems more like a cookie-cutter mass mailing than the product of an individual with an opinion to share. In fact, Wagomi says that he/she won't take to time to actually respond to anything I've posted. My question to him/her is an obvious one: why not? Why take the time to comment without actually commenting?

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