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Good post John!

George Mitchell 20th Jan 2009

The problem goes far beyond MS. Antitrust law is simply not being enforced. The result is huge monopolies that are sucking the life out of the marketplace. They stifle innovation with their huge intellectual property portfolios. They export jobs offshore to the detriment of our domestic workforce. This is part of the problem that is sinking our economy. And once they get that big, if they stumble, they end up with welfare from the taxpayers since they are "too big to fail". They have systematically driven down working class wages while pushing executive compensation to the sky. The only reason this has been viable as long as it has is because it has been accompanied by ridiculously generous credit terms and now the credit markets are imploding and the party is over. The new administration needs to crack down on monopolies. ALL OF THEM!