Just a few months ago, Democratic strategists who watched the TV parade of corrupt CEOS, conflicted accountants, and shady stock analysts looked heavenward and whispered, "Thank you." With midterm elections looming, here at last was an issue that could turn voters against a popular President and his congressional allies. The Democrats' accusation: The corporate crime wave wasn't just a natural outgrowth of boom times, as White House economists claimed. The rip-off of the Investor Class was actually driven by GOP deregulatory policies and a bred-in-the-bones blindness to Big Business excesses.
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