Jan
21
IS AMERICA TOO BIG TO FAIL?
January 21, 2010 | | Leave a Comment
When major U.S. companies such as Chrysler,General Motors and Lehman Brothers go under,what safeguards are in place to assure the public that more icons of the American
business system won’t follow.
Bail outs amount to nothing more than taxpayer funded hand outs to most of these companies.
The major banks who held out their hands and asked in a whispered , childlike voice, “More please sir” still have not gotten the message. For the most part,they have paid the TARP fund loans back but are painfully slow in upholding their promise to make more credit available to the small business community that is the back bone of the U.S. economy. Outrageous bonus packages,flat stock prices and boardroom sweetheart deals have eroded public trust in their products and services .
Mortgage foreclosures continue to out pace home sales,even though the mortgage holders pledged to work with those who were in danger of losing their homes.
Partisan politics continue to block any possibility of achieving a meaningful health care reform program.
Yes,America can fail.If the biggest tree in the forest is struck by lightning,nothing can save the trees around it from the ensuing flames.
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GET THE BADGE
