[Congressional Record Volume 148, Number 92 (Wednesday, July 10, 2002)]
[House]
[Page H4432]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                            CORPORATE FRAUD

  (Mr. BROWN of Ohio asked and was given permission to address the 
House for 1 minute and to revise and extend his remarks.)
  Mr. BROWN of Ohio. Mr. Speaker, yesterday, President Bush gave a 
major speech on his plan to curb executive greed and corporate 
misgovernance. Someone should tell the President, actions speak louder 
than words.
  Responding to his corporate contributors, President Bush supported 
weak pension and accounting reform bills in the House. He refused to 
support legislation to close loopholes that allow American companies to 
avoid U.S. taxes by moving offshore. He has openly supported the idea 
of turning Medicare and Social Security over to the private sector. 
Apparently, the President and his Republican allies in the House 
believe Medicare would be better run by the health insurance industry, 
major Republican contributors; and Social Security would be safer in 
the hands of Wall Street, again major Republican contributors.
  So my colleagues understand if I view the President's plan to deal 
with the recent spate of corporate scandals a bit skeptically. To 
borrow a famous line from a long-ago civil rights speech, ``Don't tell 
me what you believe; tell me what you do, and I'll tell you what you 
believe.''

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