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Postman Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-22-09 01:21 PM
Original message
The problem with our economy....
Edited on Thu Jan-22-09 01:44 PM by Postman
Is that there hasn't been any enforcement of the Sherman Anti-Trust Act.

Too many corporations and banks have been allowed to swallow up other corporations and businesses to the point where they became too big to fail (extorting precious tax dollars to "save" them) or they have become soo big and powerful they lobbied sufficiently enough crooked politicians to change/make laws enabling them to move entire operations out of the country putting our working class in competition with slave wage earners elsewhere.

How do you put the toothpaste back into the tube? How do we get good paying, manufacturing jobs back to the US? I say we should re-instate a Tariff on American businesses that have left the country and set up shop in slave wage countries...

Okay Hewlett Packard, you want to manufacture your printers in China or Taiwan or wherever? You're going to pay a Tariff equivalent to what it would have cost you to pay an American worker to have produced that printer....



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ItNerd4life Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-22-09 01:39 PM
Response to Original message
1. Agree with some points
Especially with the Sherman Anti-trust act. We now have companies that are too big to fail? That's not good for the country.

Teddy Roosevelt saw the danger in this with the railroad companies and forced change.
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trotsky Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-22-09 01:41 PM
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2. What was the excuse we heard for bailouts? "Too big to fail."
As many have said, if something is too big to fail, then it is too big to exist.
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Veritas_et_Aequitas Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-22-09 01:49 PM
Response to Original message
3. "Too big to fail" is a conservative and corporate myth.
Think of it like an animal in the wild. When it dies, the carrion feeders come along and pick it clean. If AIG or BearStearn failed smaller, more viable companies would come along to buy up its assets piecemeal. It's the circle of life.
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