Our 30th President, Calvin Coolidge once said: The chief business of the American people is business .

At the time, 1925, the American economy was on a roll; it was the greatest wealth generating machine on the planet.

But business didn't look so good four years later, after the stock market crashed and unemployment started rising to 25 percent. Attitudes changed and like then attitudes have also changed during the current recession.

There have been some obvious cases of corporate bad behavior. The obvious case, BP's non-stop gusher in the Gulf of Mexico. President Obama labeled it the worst environmental disaster in U.S.

Locally, Washington Mutual was the largest savings and loan in the United States until it became the largest bank failure in U.S. history.

On Wall Street, AIG and other big corporations took taxpayer bailouts and still paid huge executive bonuses. Then there is Toyota, a long trusted car company, suddenly accused of not telling customers about sticky accelerator problems and malfunctioning brakes.

Author and radio talk show host Michael Medved doesn t deny big businesses can go wrong, but worries that Americans don t appreciate how they also generate the jobs and incomes that make America an affluent country.

Tell us what you think. Do you distrust large business organizations? Or do you think their desire for profit benefits us all?

Read or Share this story: