Redefining "Corporate Governance"

In case you thought the concerns of ordinary, hard-working Americans were even slightly represented by our current government, check out this piece from today's Christian Science Monitor.

Here are the excerpts:

"In what could be the most business-friendly climate since the days of President McKinley, President Bush and the GOP-controlled Congress are moving to extend corporate tax breaks, pass pension reforms, allow oil drilling in the Arctic National Wildlife Refuge, and limit lawsuits - including a settlement of asbestos litigation...Most encouraging to business lobbyists are prospects for a less visible agenda: a lighter hand on regulation well into the future. The resignation of William Donaldson as head of the Securities and Exchange Commission, effective June 30, sent a signal to Wall Street that the post-Enron crackdown on corporate accounting tricks may be winding down. His proposed replacement, Rep. Christopher Cox (R) of California, is expected to be open to business concerns."

This redefines the term "corporate governance." It used to mean how corporations ran themselves. It really means how corporations run America.