Friday, June 10, 2005

Action, not outrage, required

...Taft said in a statement Wednesday he was outraged and disappointed by news of the investment [$225 million Ohio Workers Compensation] losses, but he did not directly address the failure of Conrad [former administrator of the Ohio Bureau of Workers' Compensation] or Samuel [Taft's executive assistant for business and industry] to tell him about the size of those losses. ($225M gone; Taft wasn't informed)

What should separate Republicans from Democrats is fiscal responsibility and management. Let's get beyond the prerequisite 'outrage' and quickly move to accountability.

To be clear, gains and losses are part of investing; it's built into the risk/reward calculations. You can't have one without the other.

But accountability and oversight in public insurance systems like the Workers Compensation program, is why we have elected officials. It's supposed to be on the calling card for Republicans. We Republicans have a well deserved black eye over this mess.


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