After Lincoln Savings and Loan, Enron, Wall Streets mortgage scandals, why do people still trust businesses?

Deal Score0

Why do people trust private enterprise that bowls us over while the government has never done anything against us?
Joke:
A union member, a republican, and a CEO sit at a table with a plate full of cookies. The CEO grabs all but one and tells the republican to look out that union thug is going to steal the last cookie.
Michael: LOL, I can read between the lines. You know exactly what I’m talking about.
Andy: You are correct. Corporate America is the problem. As for me I believe in America and our government. That is the nature of being a democrat.

10 Comments
  1. Reply
    Andy
    May 14, 2011 at 2:45 am

    Businesses aren’t the problem. Corporatism is the problem. Every instance you named is a perfect example of businesses in cahoots with the government.

  2. Reply
    Міша
    May 14, 2011 at 2:52 am

    After Boxer, Rangel, Spitzer, and McGreevy — why do people still trust government?

    At least, businesses COMPETE with each other — so the corrupt ones go down fairly quickly.

    (Unless the Democrats are in power, of course, and bail them out…)

  3. Reply
    Thomas D
    May 14, 2011 at 3:16 am

    The Government enables all of these actions by stifling competition and favoring one business over another.

    They also enable businesses by bailing them out when they perform poorly taking away and need to do well.

  4. Reply
    Michael D
    May 14, 2011 at 3:45 am

    Gee Wally you have no idea what you are talking about. Please do not breed.

  5. Reply
    cshs1960
    May 14, 2011 at 4:30 am

    Enron you say ? Enron and Bill Clinton
    Charles R. Smith
    Thursday, Feb. 28, 2002
    Trade Trips to Russia, India, Bosnia and Indonesia
    I must admit to an error in my most recent article on the Enron scandal. Lovers of ex-President Bill Clinton will be overjoyed to find that Enron’s top exec Ken Lay did not stay at the White House 11 times.

    However, the bad news for those who still worship Mr. Clinton is that Enron not only donated $ 100,000 to Clinton’s 1993 inauguration but, according to the records, also added an additional $ 25,000 to the Clinton 1993 celebrations.

    The documented evidence shows that Enron did make it into the Clinton White House by special invitation. Senior Vice President Terrance H. Thorn had coffee with Bill Clinton on March 5, 1996.

    Many of the other attendees of the Clinton White House coffee sessions also make up a long list of convicted criminals, arms dealers and bagmen for illegal DNC contributions.

    For example, Wang Jun had coffee with Clinton in 1996. Wang is also the president of Poly Technologies, the largest arms trading firm owned by the People’s Liberation Army. Poly Tech is currently banned from doing business in the United States after several of its top executives conspired to smuggle machine guns into the U.S. for sale to a major drug dealer – who later turned out to be a Customs agent posing as a gangster.

    Charlie “Yah Lin” Trie, who was later convicted of illegally passing hundreds of thousands of dollars to the Clinton/Gore re-election campaign, brought Wang into the White House. Trie also gave an additional $ 645,000 to the Democratic National Committee, and most of this money was from illegal foreign sources.

    Trip to Russia

    Enron’s association with the Clinton White House comes even closer to home when you consider the many corporate foreign trade trips paid for by your tax dollars. In 1994, Enron’s CEO Ken Lay surfaced on a list of attendees wishing to travel to Russia with Ron Brown.

    One person who did make the trade trip to Russia was Roger Tamraz. Interpol then wanted Tamraz, a Lebanese oil financier, for embezzling nearly $ 80 million from a Middle Eastern bank. Tamraz, who made most of his money selling Libyan oil, would later give more than $ 300,000 to the DNC after having coffee with Bill Clinton in the White House.

    Russia was not the only target of Enron wheeling-and-dealing with the Clinton administration. Enron execs traveled on a profitable trade trip to India with Ron Brown, landing a major contract for a power plant. The India power plant deal later fell apart with allegations of illegal payments and bribery.

    Trip to Bosnia

    Enron also traveled in 1997 to Bosnia with Commerce Secretary Kantor in hopes of landing a U.S. taxpayer-backed energy deal in the war-torn state. According to the Chicago Tribune, Enron made a $ 100,000 donation to the DNC just days prior to the trade mission to the former Yugoslav province. Commerce Department documents clearly note that Enron was interested in the “Zagreb” portion of the trip.

    Even in the last days of Bill Clinton, Enron execs were on the go. Enron traveled to South Korea with Commerce Secretary William Daley in 1999. Daley would go on to run Vice President Al Gore’s failed bid for the White House in 2000.

    Trip to Indonesia

    The most damning evidence linking Bill Clinton and Enron to corruption is the documentation that shows Enron received U.S. taxpayer monies in order to finance a corrupt deal with Indonesia.

    P.T. East Java Power Corp., which was then 50.1 percent owned by Enron, wanted to conclude a deal for a 500 megawatt power plant in East Java, Indonesia. The 20-year deal was later signed by Enron with P.T. PLN Persero (PLN), Indonesia’s state-owned electric utility, which agreed to purchase the power from the natural-gas-fired plant.

    According to Enron, the natural gas for the project was to be provided by Pertamina, Indonesia’s state-owned oil and gas company. Commerce Department documents noted that Pertamina stalled the project with excessive demands for gas prices.

    “Enron is now engaged with Pertamina over access to natural gas. These discussions may prove difficult,” states a 1994 Commerce Department advocacy document.

    “Enron is registered for OPIC (Overseas Private Investment Corporation) insurance,” states the document, noting that the giant corporation obtained U.S. taxpayer-backed insurance if the Indonesian deal fell apart.

    Ron Brown Letters for Enron

    Ron Brown personally sought approval for the Enron electric power plants inside Indonesia. According to a personal letter directed to the Indonesian Minister for Trade and Industry, Brown endorsed two Enron deals for gas-fired power plants with the corrupt Suharto regime.

    “Enron power, a world renowned private power developer, is in the final stages of negotiating two combined cycle, gas turbine power projects,” wrote Brown in his 1995 letter.

  6. Reply
    Texas Libertarian
    May 14, 2011 at 5:02 am

    So you are opposed to those businesses that produce all of the nice things you want to buy, just because there are a few bad ones. Bad businesses are run by bad people and there are bad people in all sectors of society. There are also good people.

  7. Reply
    rodney h
    May 14, 2011 at 5:07 am

    The government has never done anything against us except allow private enterprise that bowls us over.

    Seriously have you been asleep for the last 100 years.

  8. Reply
    The Libertarain Mammoth
    May 14, 2011 at 5:16 am

    Business will always find corrupt politicians

    so you keep government as small as possible

    the first corporations where a short term entity created to do the jobs that government couldn’t do.

  9. Reply
    plezurgui
    May 14, 2011 at 5:38 am

    Trust? You seem to imply that you trust politicians or Unions. Trust should NEVER be in that equation. You should trust your spouse and if you can’t then divorce that person and find someone you can trust. You should be able to trust YOUR lawyer, at least in the matter where you have paid him or her to represent your interests.
    Humans are the problem, not particularly their position. I knew a fellow once who hated him employer and was convinced the employer was out to cheat him. But, over the years I have seen many more employees cheat employers than the other way around.
    I have belonged to a Union as a condition of my employment. I am unimpressed with Unions, except for the bad impression.
    Private enterprise provides jobs and opportunities, Governments and Unions take from the productive people and supply very little in return.

  10. Reply
    whoyeah
    May 14, 2011 at 5:44 am

    I think the answer is wrapped inside the thought that business will always make decisions that make profit and if your making money then you must be delivering progress. Then there is the hero worship thing.
    We have this fantasy that our interests and the interests of the super-rich are the same. Like, somehow the rich will eventually get so full that they’ll explode… And the candy will rain down on the rest of us. Like they’re some kind of piñata of benevolence.

    Leave a reply

    Register New Account
    Reset Password