Corporations begging Big Daddy Fed for help
Tuesday, July 24, 2012 at 08:12PM http://www.marketplace.org/topics/economy/bernanke-fed-will-act-if-there-risk
It's a shame that Big Business in America has become a group of government dependents waiting on political pressure so that the Fed will feed their addiction. These companies would likely fall apart under intense competition from hungry small businesses, but, thanks to government and a President that has caused small business activty to seize up in uncertainty because of all the government interventions, the State-Corporations are protected. If the rest of the world wasn't in worse condition than the US these State-Corporations couldn't make it in the global market, which is keeping them going right now, along with Fed help.
The state of American enterprise is sad, and although these large corporations are sitting on large amounts of cash, once other nations understand what they must do to compete and sustain economic growth, or once we get a President and Congress which end all corporate welfare, these lazy, soft dependents will be eaten alive.
M. Farmer | Comments Off |
Fed,
corporate welfare 
