33 GREEDY American Corporate Giants SWALLOWED Every Year

NoDNC | April 16, 2011 | NoDNC

[woodb01]

We've all heard about Obama and his Democrats who have set up a government that DESTROYS America to the tune of 3.7 Trillion dollars a year.   But did you know that...

To put that into context we have to look at all of the GREEDY American Corporations and how much money they make every year.  According ot the CNN network, looking at the 2010 gross revenues of the Fortune 100 companies, the United States Governments swallows up the equivalent of ALL of the Top 33 largest companies in the United States combined.  And that is QUITE an amazing accomplishment when you consider that every one of them is a global company and a significant amount of their revenue comes from outside of the United States. I wonder how many jobs THAT represents?

Rank	Name	Gross Revenue Millions
1	Wal-Mart Stores	$      408,214.00
2	Exxon Mobil	$      284,650.00
3	Chevron	$      163,527.00
4	General Electric	$      156,779.00
5	Bank of America Corp.	$      150,450.00
6	ConocoPhillips	$      139,515.00
7	AT&T	$      123,018.00
8	Ford Motor	$      118,308.00
9	J.P. Morgan Chase & Co.	$      115,632.00
10	Hewlett-Packard	$      114,552.00
11	Berkshire Hathaway	$      112,493.00
12	Citigroup	$      108,785.00
13	Verizon Communications	$      107,808.00
14	McKesson	$      106,632.00
15	General Motors	$      104,589.00
16	American International Group	$      103,189.00
17	Cardinal Health	$        99,612.90
18	CVS Caremark	$        98,729.00
19	Wells Fargo	$        98,636.00
20	International Business Machines	$        95,758.00
21	UnitedHealth Group	$        87,138.00
22	Procter & Gamble	$        79,697.00
23	Kroger	$        76,733.20
24	AmerisourceBergen	$        71,789.00
25	Costco Wholesale	$        71,422.00
26	Valero Energy	$        70,035.00
27	Archer Daniels Midland	$        69,207.00
28	Boeing	$        68,281.00
29	Home Depot	$        66,176.00
30	Target	$        65,357.00
31	WellPoint	$        65,028.10
32	Walgreen	$        63,335.00
33	Johnson & Johnson	$        61,897.00
		$  3,726,972.20

So, each and every year the United States Government has grown so large that it SWALLOWS UP ALL of the 33 largest "greedy" companies on the face of planet earth.  So, has the United States government gotten too large?  You be the judge.

------------------

Then, after the U.S. Federal Government finishes DEVOURING the equivalents of America's 33 largest companies (and some of the largest corporations on the face of the planet) each of the individual States would easily consume another one of these companies each and every year as well.  If we begin to add in the State budgets, California's 100 BILLION dollar budget for FY 2011-2012 would consume most of the next two corporations (not listed above) [FN2].  It would EAT Fortune's #34 and #35.  Then when you factor in the County, municipality, and other local taxes it is EASILY the remaining part of those two companies.  Then we have the OTHER 49 states.

Government spending at all levels has reached not only an unsustainable level, it has reached an INSANE level.  Shouldn't liberals be screeching about the GREEDY Federal Government that consumes over 30 of the largest "greedy" corporations on the planet every single year?

[FN1]  That list of GREEDY global companies comes from that well known source of conservative thought CNN ;)  
http://money.cnn.com/magazines/fortune/fortune500/2010/full_list

[FN2]  California official budget numbers published by the Governor's office
http://www.ebudget.ca.gov/BudgetSummary/BSS/BSS.html

[Clintonfatigued]

The answer to that is all too obvious.

[Louis Foxwell]

We are witness to the end of national government. It has grown beyond its ability to sustain itself.

[woodb01]

Unfortunately not enough real Americans exist with the stomach for the answers.

[woodb01]

So then, with the end of “national” government do you mean the Democrats are turning us into the Third World Country that Obama says the Repubs want to make us?

[scooby321]

Non Government Motors Ford more revenues than Government Motors

Amazing GM always was bigger than Ford until Obama ran the company.

[bitterohiogunclinger]

“after the U.S. Federal Government finishes DEVOURING the equivalents of America’s 33 largest companies..”

That’s only the gross revenues of the 33 largest companies.
The cost of Federal Government sucks off 25 percent of GDP, per year. To that, add the costs of State, local, sales, use, property and every conceivable tax scheme that must be paid. Government of all types is and has been out of control for decades.
Couple that with deficit spending. We are being sold into slavery. It must be stopped and those that won’t listen must be taken down.

[Louis Foxwell]

So then, with the end of “national” government do you mean the Democrats are turning us into the Third World Country that Obama says the Repubs want to make us?

I do not think so. It isd much more likely that federal government will decimate itself into what the founders proscribed, very limited and essentially incapable of growing into the leviathon it has become.

As a people we are not of a third world mentality. There is a significant segment of the population that has grown comfortable as serfs. They will be forced to work or not eat. The majority of our citizens are of much sturdier stock and will make this nation the shining city on a hill envisioned by Reagan.

[Let_It_Be_So]

What is meant by the term “greedy” when it comes to large corporations?

Isn’t making a profit what the stockholders and shareholders expect corporations to do? How many AMERICANS are employed (directly and indirectly) as a result of these corporations trying to make a profit?

Isn’t that what we would expect (and want) in an economic system based on capitalism? How many people share in the prosperity of those “greedy” corporations?

Arguably, some at the top of the food chain (CEOs, etc) make what some would consider “excessive” and I’m sure there are some who most might consider “greedy”. But if these folks think that the answer is for government to get involved in making decisions as to how much is “too much”, then they can be proud to be part of a liberty-destroying progressive/socialist movement. Count me out.

[woodb01]

Just to be clear here, I used the term “GREEDY” as a “tongue in cheek” term. I was using it as an oxymoron compared to the size, scope, and insanity of government budgets and spending...

[Let_It_Be_So]

Oh, I knew that woodb01, I was just referring to the liberals who talk as though corporations who make a profit are, by their definition, “greedy”.

Sorry I didn’t make it clear that I wasn’t talking to you. Your article just made me think of how the left thinks (thinking leftist, oxymoron, I know) about corporate greed.

[TheBigIf]

A great illustration of just out of control socialism is becoming in the United States.