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Friday, November 01, 2002

Given the close connections between Bush and members of his administration with Enron and other corporations involved in multi-billion dollar looting and swindling, it is perhaps not surprising to find “Enron methods” being transferred from the sphere of business to politics. Enron and the other corporate looters developed a method of accounting known as “backing in”. Instead of objective facts being brought together and reported in the balance sheet, the accountants started from the figures they wanted on the balance sheet and then worked back to make the accounting “facts” fit that outcome. The same method—outright lying—is being used on a daily basis to prepare for war against Iraq. -- from The WSWS.