Big, bigger, too big to fail
Dear Editor:
American politicians have always opposed foreign “corporate monopolies” especially “oil cartels” as being harmful to the American people.
However Republicans and folks who run as Democrats but vote like Republicans have created similar ”corporate monopolies” through economic policies of “let business have its way” thereby enabling select corporations to become “big” “ bigger” and “too big to fail.”
In the 1920’s there were hundred of corporations manufacturing automobiles which became Ford, GM and Chrysler.
Thousands of “mom and pop” groceries became, Kroger and Safeway.
Thousands of “neighborhood” hardware stores became Home Depot and Lowe’s
Thousands of “department stores” became Target, Dollar General and Wal Mart.
Thousands of “community “ banks are rapidly becoming the big three Bank of America, Citicorp, and Wells Fargo.
The hundreds of wildcatters who developed the oil industry have become Exxon Mobil, Chevron and Conoco Phillips.
And now under the “Let Business Have Its Way Judges” decision on January 21, 2010 these mega corporations are free to spend their billions on politicians.
After Bush “let business have its way” for 8 years the rich became richer and the poor became poorer and the U. S. in 2008 was in the greatest economic collapse since the Great Hoover Depression. Millions of individuals, small businesses and some large businesses like Lehman Brothers were forced into bankruptcy. However the Republican controlled Congress as a final act of “let business have its way” appropriated 700 billion in taxpayer (TARP) funds which were doled out to select Bush Wall Street Bankers that had made billions in profits and were considered “too big to fail.”
Before voting in the coming elections remember “Those who do not learn from history are doomed to repeat it” and cast your vote for the candidate and party who most of the time come down on the side of the people and against “letting business have its way.”
Paul Rawlings
Heber Springs
Heber Springs, Ark. —
