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View Diary: FDR "Let Me Warn You" About the GOP (17 comments)

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  •  I agree whole heartedly! (6+ / 0-)

    Teddy R was an Anti-Trust proponent and so was Bobby Kennedy if I remember carefully.

    From a speech by Bobby Kennedy

    Since the passage of the Sherman Act in 1890, the Congress has continually responded to the need to effectuate these principles.   

    The Clayton Act of 1914,

    the Robinson-Patman Act of 1936,

    the Celler-Kefauver Act of 1950,

    and other Acts, have increased the protection the law affords our system of competitive free enterprise.   

    The Department of Justice realizes that it has no more important fUnction than enforcing these laws.   

    However, we find ourselves hampered in our enforcemen't program because we lack certain vital tools of investigation.
    There cannot be an effective antitrust program unless the means of investigation are thorough and effective.   

    In recent years, antitrust has faced increasingly serious difficulties in this regard.    Antitrust violators have become more sophisticated.  

    In the recently discovered price fixing conspiracy in the electrical industry, for example, the conspirators used elaborate codes to communicate with each other, and destroyed whatever notes and memoranda were not essential to their operations. With its tracks carefully covered, this conspiracy was able to go on for years.   

    At one time American corporations generally allowed anti­- trust investigators free access to their files.  

    That policy of compliance with the Department of Justice has undergone a marked change in recent years. We are submitting to the Committee today summaries of recent antitrust investigations which describe the sort of situation which occurs more and more frequently.   

    The Department's requests for information or for access to company files are met with stalling and hedging tactics and often with flat refusals.  As these summaries will indicate, some companies have now adopted a policy of submitting information or documents only under subpoena.


    Bush said, "My own personal view, is the application of antitrust laws needs to be applied where there are clear cases of price-fixing."

    Bush's radical position is that the antitrust laws should apply only to cases of price-fixing, which is what they are for.

    Limiting the antitrust laws to cases involving price-fixing would sharply limit their application. At present, the federal government routinely involves itself in corporate mergers, investigates monopolies, predatory pricing, retail price maintenance and other areas. Actual cases of price-fixing are few and far between.

    It's difficult to be happy knowing so many suffer. We must unite.

    by War on Error on Sun Oct 14, 2012 at 06:11:56 PM PDT

    [ Parent ]

    •   War on Error (1+ / 0-)
      Recommended by:
      War on Error

      I should have known that this comment was you.  

      Tell me about it! They all talk like that. bush, ryan definitely, and romeney's in outer space too. (But he's having a good time). Always wrong answer.

      I just left J/H a comment about you. It has a link to my diary yesterday. (It looks like its the comment right below this one).

      FDR, Another Great Diary War On Error!

      I think you'll really like my diary, it's short and a riot!

      Brought To You By That Crazed Sociologist/Media Fanatic rebel ga Be The Change You Want To See In The World! Gandhi

      by rebel ga on Sun Oct 14, 2012 at 08:45:04 PM PDT

      [ Parent ]

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