Remember: What’s good for M&M Enterprises
is good for everybody…

From today’s NYT:

“A new audit of American financial practices in Iraq has uncovered irregularities including millions of reconstruction dollars stuffed casually into footlockers and filing cabinets, an American soldier in the Philippines who gambled away cash belonging to Iraq, and three Iraqis who plunged to their deaths in a rebuilt hospital elevator that had been improperly certified as safe.”

[. . .]

“ ‘It does not surprise me at all,’ said a Defense Department official who worked in Hilla and other parts of the country, who spoke anonymously because he said he feared retribution from the Bush administration. He predicted that similar problems would turn up in the major southern city of Basra and elsewhere in the dangerous desert wasteland of Anbar province. ‘It's a disaster,’ the official said of problems with contracting in Anbar.

"No records were kept as money came and went from the main vault at the Hilla compound, and inside it was often stashed haphazardly in a filing cabinet.”

Okay. . . so there’s been some mismanagement: big deal! We really should follow the example set by our “CEO President” and “assume the best” here. After all, this is probably just a “perception problem” more than anything, “stirred up by the overheated media.” It wouldn’t be prudent to “overreact,” because doing so might “hurt the real economy” and “hamstring honest executives.” Right?