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James Klein, in the Wall Street Journal, on the controversial 'controversy' stirred up by the White House and Waxman over recent corporate writedowns:

As for the government's assertion that companies are failing to adequately account for all the savings they will enjoy from health-care reform, isn't that exactly the kind of "creative" accounting that got Enron in trouble? Even assuming the administration is right that the various features of the new law will reduce future health costs, it...