General Discussion
In reply to the discussion: Do you understand why Occupy was infiltrated and broken up? [View all]Savannahmann
(3,891 posts)Look at the Wall Street bail outs. Lehman Brothers, saved. Merrill Lynch saved as well. Bear Sterns, down the toilet it went. Now, I don't know what the people behind Bear Sterns did to draw the wrath of those in Washington, but I can only assume that it was something pretty bad.
Bear Stearns was the second biggest trading house, and they went down the toilet. Numbers one and three were saved, but not number two. Seems strange to me that the decision was made that way. The rich are the mega rich because of the access to the one customer base that can't take their business elsewhere. We can avoid Walmart in favor of Costco, and Walmart loses the profit from our purchases, and Costco gets our profits. But we can't take our business from the US Government very easily. Since there was a Navy Aviation, there has been Grumman aircraft. Grumman built aircraft that the Navy loved. Strong, reliable, and powerful. Grumman Wildcats led us into World War II. The Grumman Goose helped save many pilots and conduct search and rescue operations. Grummen Hellcats were the premier fighter in the same war. Grummen Avengers, Grumman Panthercats, Tomcats, Intruders, COD's, Hawkeye aircraft.
All were Grumman aircraft. Now look at it. All the Navy has of Grumman aircraft currently is the COD's, the Hawkeye's, and a handful of old Intruders. All the others have been retired in favor of Lockheed. Lockheed S-2 Vikings, Lockheed F-35's, and those are replacing McDonnald Douglass, F/A-18s.
Grumman has lost pretty much all of it's business. Now, the company that came up with the Gulfstream jet, is reduced to building trucks, and even UPS isn't buying them anymore.
Do you see what I mean about Politicians having a whole bunch of power? They decide which of the plutocrats succeed, and which fail. Grumman who built the Lunar Lander is reduced to building UPS trucks. http://en.wikipedia.org/wiki/Grumman
I bet we both know several companies that failed because of decisions of the Government. I bet the readers here can name a dozen more.