We declare our resolve that … oooh, donuts!

The governmental resolve to reform accounting and financing practices in the wake of Enron has largely melted away, a victim of legislative gridlock, heavy lobbying, and a lack of leadership from the White House.

That includes such seemingly no-brainers as tightening accounting standards, reporting stock options in a rational fashion, and better regulating conflicts of interest between consulting and auditing arms of accounting companies.

Instead, Democrats are leaning back to use it as weaponry for the Fall elections, possibly even 2004. And the GOP is leaning back, figuring that the public will have forgotten it by then.

For shame.