Forum Post: Hey, who's Running things in New York? #2

To go into a bit more detail..

Believe it or not.. there are CEO’s who actually WANT radical change to what’s happening here in the U.S. right now.

But they are hamstrung by their “Fiduciary Responsibility” to their

Shareholders. Its a Legal responsibility with real teeth.

If the Worst Thing for our Economy is also what provides the Largest (ROI)

Return on Investment.. they are legally required to take that route. If they

don’t, for some reason, they’d better be able to explain their actions to

possibly irate investors willing to ruin their Careers.

But if a Political Movement can Re-Modify U.S. Law so that they have no Legal Choice other than to comply in a way that’s also good for our Economy.. and by extension, the rest of the world.. they won’t be unhappy.

So, maybe we can consider some radical change.

A group of 50 Economists just this week have stated their opinion that, if

things remain the way they are right now.. nothing will improve for the next

ten years.

The Department of Justice stopped a large proposed merger within the past six

weeks or so.. because it would have led to the larger, Merged, Corporation

laying off about 20,000 people.

We here in the U.S. never should have allowed one company to buy or “merge”

with another.. especially as a tax FREE “business expense”, because we are now

seeing the inevitable result.

Sooner or later there’s only ONE Corporation left.

BUT, now that people are finally so miserable that they’re willing to get UP

and gather together for weeks or months.. to DO something..

we may finally have the political FORCE to demand some simple changes be done.

With this ONE Initiative, its possible to create 10 MILLION jobs or more.

DEMAND a repeal of all the sneaky modifications made to our laws in the past

20 years which allowed so many corporations to grow into Huge “Too Big To

Fail” Conglomerates and Banks. etc.

AND then demand that all such over-sized Corporations be Broken Up according

to what those Laws used to allow. (There are devils in those details, I’m sure)

Separate companies need more employees than Single ones do.

And they can still all be profitable.

We should start with the 14,000 Media companies (magazines, newspapers, tv and

radio stations etc.) owned by just 5 Corporations (GE owning 87%).

Tax Revenue from the Sales can go to paying down the Deficit.

Millions of jobs will be created.

If we disallow them to own or be owned by any other company, we will once

again, finally, have a large, Diverse and Impartial source of Useful, non-

homogenized NEWS Content.

If we re-instate the Fairness Doctrine (Reagan killed it in 1987), deception

of all kinds will, once again, finally, be kept out of our Broadcast Media [as

those who would rather Lie to us.. decide against the opportunity to pay for

Lies that will be immediately followed by the specific truths].

• Fairness Doctrine

“The policy of the United States Federal Communications Commission that became

known as the “Fairness Doctrine” is an attempt to ensure that all coverage of

controversial issues by a broadcast station be balanced and fair. The FCC took

the view, in 1949, that station licensees were “public trustees,” and as such

had an obligation to afford reasonable opportunity for discussion of

contrasting points of view on controversial issues of public importance. The

Commission later held that stations were also obligated to actively seek out

issues of importance to their community and air programming that addressed..”

http://www.museum.tv/eotvsection.php?entrycode=fairnessdoct

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overturning "Citizens United" would be nice, but I’m not sure what we can do about having allowed the wrong people onto our Supreme Court, other than shaming them with their obvious bias AGAINST Democratic principles..

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Reinstating Glass-Steagall seems like an obvious demand we should make, in

order to be sure the Big Banks don’t, again, gamble with other people’s money.

As well as demanding a repeal to all sneaky, modified Legislation that allowed

the Big Banks to mutate into the Economic Time bombs that they became.

Then require all of the Big Banks to break up according to what the re-

modified Law allows.

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“The Glass-Steagall Act, also known as the Banking Act of 1933 (48 Stat. 162), was passed by Congress in 1933 and prohibits commercial banks from engaging in the investment business.”

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Greg Stafford stafford4@aol.com http://www.fresheyesforoldproblems.com