The success of Verizon just goes to show how things change for the better in a vibrant capitalist economy.
Back in the bad old days of AT&T, one component of what became Verizon was an independent phone company named General Telephone & Electronics Corporation, or GTE for short. It was so bad it used to run ads on TV showing one of their execs (an actor, I presume) being pelted with various objects while he apologized for GTE's poor quality and lack of service.
Then came the breakup of Ma Bell, a merger with Bell Atlantic Corp, a name change to Verizon, and now it is the elephant in the wireless room.
This is the company Obama hopes will bail him out, and over time if we follow his economic policies, I suspect he will destroy it.