"CORPORATE GREED" - THE OTHER SIDE
by
CaliforniaDreamin
02/19/2008, 6:35 PM #
One hears the phrase "Corporate Greed" used with reckless abandon by Democrats.
Big Oil - "greedy."
Big Automakers - "greedy"
Overlooked in all this socialist class warfare by Democrats is that corporate America employs tens of millions of men and women, who provide for and support their families and our way of life.
If any Democrat, particularly a leader like a Clinton or a Kennedy or a Pelosi or an Obama, declares that corporate profits are "obscene," all the party faithful genuflect and register their contempt, as in a single voice.
Meanwhile General Motors just announced "$38.7 billion in the red - believed to be the largest annual loss ever by an auto maker." (Wall Street Journal, Marketplace, Feb 13)
Who owns General Motors, this "greedy" corporation?
Shareholders, Americans like those of you reading this, like those of you whose pension funds are widely diversified, and almost certainly invested in part in General Motors, one component of the Dow Jones Industrial Averages.
I hope all you Democrats who so cynically invoke "corporate greed" but never "attorney greed," and never "union greed" much less "teachers' greed" are happy that the stock market is in a decline now. Your own IRA accounts and pension funds are the poorer for it, and so are you.
When the market is up, Democrats scream that "the rich are getting richer and the poor are getting poorer," but when the stock market begins going down, well, "we're in a recession," and that's bad too.
Being a Democrat means you never have to think much about your latest Talking Point.
