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Outraged, or Just Confused?
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Press Release

Outraged, or Just Confused?

The president has expressed outrage at the disclosure that WorldCom misreported expenses by nearly $4 billion over the past 2 years and demands “full investigations” and that any wrongdoers be “brought to justice.” At his behest, the Securities and Exchange Commission (SEC) has subpoenaed documents and filed a fraud claim in the civil courts. The Justice Department has begun a criminal investigation for potential illegality on the part of WorldCom executives. Both actions are consistent with the law enforcement functions of both agencies.

07/02/2002
July Townhall Meetings
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Press Release

July Townhall Meetings

Congress adjourned last Friday for its weeklong July 4th recess. Since many Representatives use this time to spend time in their districts, this means that it is a perfect opportunity for you to seek them out and find out their stances on key issues. For your convenience we have assembled a list of district town hall meetings. This list is by no means comprehensive and Representatives and Senators may be holding meetings with their constituents that are not on this list. If your representative or senator’s name does not appear, please contact their district offices to find out when they are making public appearances or to schedule a meeting.

07/02/2002
There’s No Accounting for Big Government
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Press Release

There’s No Accounting for Big Government

The latest revelations about WorldCom have Washington posturing to exploit the tragedy for political gain. President Bush has issued a stern warning and veiled threat about increased government regulation of markets, and Democrats see the collapse as an opportunity to hammer Republicans in the coming elections. True, the current wave of financial mismanagement has taken a real human toll on the nation. But there are laws in place to address these problems, and any criminal or fraudulent behavior should be prosecuted to the maximum extent of the law. There is little role for politicians in this process. If Washington is truly concerned about financial mismanagement, they should turn their attention to the federal government, where the magnitude of financial improprieties dwarfs any problems Wall Street may be facing.

07/02/2002
A Tragic Failure of Leadership
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Press Release

A Tragic Failure of Leadership

Don’t look now, but the liberal establishment is shocked and appalled by the lies, short-cuts and self-interested behavior of many corporate leaders these past five or so years. I appreciate their finally joining the chorus of those of us who have been saying these past five years that the behavior of our nation’s leaders really does matter.

07/02/2002
WorldCom Too Big to Fail, Chief Says
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WorldCom Too Big to Fail, Chief Says

BY Jube Shiver Jr.

WASHINGTON -- Discounting predictions that WorldCom Inc. might file for bankruptcy protection, Chief Executive John W. Sidgmore said Tuesday that the second-biggest U.S. long-distance telephone carrier is too big to fail and that it remains a "key component of our nation's economy and communications infrastructure." Sidgmore, in his most extensive public remarks since WorldCom disclosed last week that it uncovered a major accounting fraud, pledged full cooperation with federal regulators and said the company is working with its lenders to avoid a bankruptcy filing.

07/02/2002
WorldCom Too Big to Fail, Chief Says
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WorldCom Too Big to Fail, Chief Says

BY Jube Shiver

WASHINGTON -- Discounting predictions that WorldCom Inc. might file for bankruptcy protection, Chief Executive John W. Sidgmore said Tuesday that the second-biggest U.S. long-distance telephone carrier is too big to fail and that it remains a "key component of our nation's economy and communications infrastructure." Sidgmore, in his most extensive public remarks since WorldCom disclosed last week that it uncovered a major accounting fraud, pledged full cooperation with federal regulators and said the company is working with its lenders to avoid a bankruptcy filing.

07/02/2002
A Victory for 'Ordered Liberty'
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Press Release

A Victory for 'Ordered Liberty'

As published in The Wall Street Journal, July 1, 2002

07/01/2002
Knowing When to Say NO
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Press Release

Knowing When to Say NO

Weekly Summary – Due to July 4th, the House and Senate will be in recess this week. After the amount of last minute wrangling and finagling the House engaged in last week, they deserve a break! Congressman Bill Thomas, Chairman of the Ways and Means Committee pulled off two ‘squeaker’ votes last week, passing two different pieces of legislation with only one vote margins. The first was a bill to strengthen the House’s negotiating position as they begin to conference the trade bill with the Senate. Earlier this year, the House passed a clean Trade Promotion Authority Act to provide President Bush with the ability to negotiate trade deals. Unwilling to allow President Bush this victory, Majority Leader Daschle decided to bog the measure down on the Senate side with tons of ancillary legislation. They added a Trade Adjustment Act, which in addition to spending billions and billions more, would for the first time, provide health benefits to displaced workers.

07/01/2002
It's time for new owners
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Press Release

It's time for new owners

Henry Lamb is executive vice president of the Environmental Conservation Organization. It's too late to ask why the west is burning, everyone already knows it is the result of absurd environmental policies that have prevented logging to thin the fuel; the "roadless" policy that prevents firefighters from having access to the forests; and the Endangered Species Act, that won't allow heavy equipment in critical habitat to cut firebreaks.

07/01/2002
Textbook Publishers Learn: Avoid Messing With Texas
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Textbook Publishers Learn: Avoid Messing With Texas

BY Alexander Stille

"Out of Many," the work of four respected historians, is one of the biggest sellers among American history college textbooks in the United States, but it is not likely to be available to Texas high school students taking advanced placement history. Conservative groups in Texas objected to two paragraphs in the nearly 1,000-page text that explained that prostitution was rampant in cattle towns during the late 19th century, before the West was fully settled.

06/29/2002

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