Greed, Not Obama
Bad For Business
exist for one purpose — profit. Profit to pay dividends to stockholders, profit
to pay their CEOs billions in salaries and bonuses, and profit to reinvest.
Nothing wrong with that. But greed is part of human nature, so who will watch
these corporations and protect the public from the greed that inevitably
results in the poisoning of our water from industrial waste or shortcuts in
production that injure and kill consumers, from the coal industry polluting the
air we breathe and defying safety rules that kills their own employees? Who
will police the oil corporations so they do not cut corners and cause
unspeakable damage to American lives, small businesses and destroy all living
things in our oceans? Who will protect the public from the greed of
multinational banks that tell their investors that they will grow their money
while gambling in high-risk poker instead?
Tobacco companies had known for years that
their product was lethal and addictive when Jeffrey Wengard, a former CEO of
the tobacco industry, testified in a deposition and then on CBS 60 Minutes in
1995, as to the deception and disregard for public health and safety of the
entire tobacco industry. For Mr. Morelli
to state that the damage they caused was “unintended” is ludicrous.
exists to protect the public. (Please keep in mind that in a democracy, we
elect our representatives, so we are the government.) Government exists
to protect us from foreign threats and from unscrupulous corporations. It is
one of government’s essential tasks. Republicans, however, disagree and would
have the fox guard the hen house. New York Times journalist Frank Rich
explains: “The antigovernment crusaders are often the paid toadies of bad
actors like BP. Such big corporations are only too glad to replace big
government with governance of their own, by their own and for their own profit
— while the ‘small people’ are left to eat cake at their tea parties.”
2000 to 2008, Republicans in the White House and in congress systematically
de-regulated their corporate partners-in-crime and weakened every federal
agency that was created by Democrats to protect the public. Did we really think
that President Obama could reverse all of the damage done to our society by the
previous administration in just a couple of years?
(Especially considering that George W. Bush also left a deep recession, two
unfinanced and unfinished wars, huge tax breaks for
the wealthy and the resulting national debt?)
For a stark reality check on the dangers of
de-regulation, everyone should see the film, “Too Big to Fail”.