I think that should be the title of the next XYZ for Dummies book. I’m not really against politicians, just the way most politicians behave. I suppose I side with Obi-Wan on that. Anyway, I thought this article by Arthur Levitt, Jr. was pretty good, and as it relates to my own profession–kind of–I figured I would be best to pass it along.
I thought this excerpt by the author especially key:
I’ve come to think that our federal government is plagued by some of the same problems that have been hurting corporate America, primarily a lack of transparency, accountability and independence. As with many of the disgraced corporations of the past few years — Adelphia, Tyco and WorldCom, for example — so it is with Congress: Conflicts of interest abound, oversight has been myopic and those given the public’s trust have used it to enrich themselves.
Sounds like another company with which we Houstonians are more familiar, doesn’t it? As to the author’s resolution, I think a push to clean up Congress is a great idea, but I wonder how much it would cost and who should oversee the job. We could potentially double our national debt on such an endeavor with the seriousness of the problems in Congress. Most publicly traded companies have spent in the hundreds of millions on Sarbanes-Oxley, and there were already several means of oversight previously.
There is the further problem of who will perform the clean-up. With all the controversy related to the judiciary creating and enforcing law, there is obviosly a conflict of interest with the executive and judiciary branches doing this, though it really falls into the executive branch’s scope first and the judiciary’s second in terms of the constitutional set up of our government.
It remains to be seen what will happen here. Congressional clean-up is and has been a great idea; however, I can’t help but think about how quickly my room gets dirty after I clean it up. Even if we do it, will it last, and for how long? Look at our outlook related to the hurricanes this past fall. What about the NYC tragedy of 9/11/2001? How many people think about those affected by such disasters, let alone Congressional scandal, which has become so common that no one really pays much attention anymore. I have a feeling this will turn out to be a “vote for me” issue and never see a lasting resolution.