And another American Icon Files for Bankruptcy

by John Galt
January 19, 2012 05:20 ET
If this isn't an indication or sign of just how far our nation has evolved, I don't know what is. Polaroid and Kodak executives chuckled when they were warned over a decade ago that digital cameras were the future, yet they, like many other American executives persisted in the “it can't happen to us, people will always need our products” mentality.

Unfortunately, that mentality is pervasive in our government and still in many other corporations except this time the G.M. trick of insuring survival via the taxpayer's wallet is the new method of survival as opposed to producing quality products and managing labor costs. Kodak is emblematic of how our country should deal with companies that do not produce products the citizens want instead of the command control economy the regime, be it Republican or Democrat, wish to impose on the citizenry.

To read the Reuters story in full, click on the title below:

Kodak files for bankruptcy, secures $950 million lifeline