"NEW YORK (CNN/Money) - The Supreme Court may have just delivered an early Christmas gift to the nation's biggest retailers by its ruling Thursday allowing governments to take private land for business development.
Retailers such as Target, Home Depot and Bed, Bath & Beyond have thus far managed to keep the "eminent domain" issue under the radar -- and sidestep a prickly public relations problem -- even as these companies continue to expand their footprint into more urban residential areas where prime retail space isn't always easily found."
While I'm not a lawyer, the more I read of this decision the more angry I get. As a "capitalist" I'm all for business and making a buck. But on the surface this decision appears to really be an "early Christmas present" for some of the larger retailers. That is, IF local goverments choose to go that route. After all in reading the decision the Court simply said that they were not going to tell local governments how to run their operation.
Voters put people in office and voters can take them out. Don't underestimate the power of "political pressure" in all this. People need to get involved in local politics and know what their elected officials are up to; who they are in bed with; who sliding money their way.
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