Letters

Letters 10-20-2014

Doctor Dan? After several email conversations with Rep. Benishek, he has confirmed that he doesn’t have a clue of what he does. Here’s why...

In Favor Of Our Parks [Traverse] City Proposal 1 is a creative way to improve our city parks without using our tax dollars. By using a small portion of our oil and gas royalties from the Brown Bridge Trust Fund, our parks can be improved for our children and grandchildren.

From January 1970 Popular Mechanics: “Drastic climate changes will occur within the next 50 years if the use of fossil fuels keeps rising at current rates.” That warning comes from Eugene K. Peterson of the Department of the Interior’s Bureau of Land Management.

Newcomers Might Leave: Recently we had guests from India who came over as students with the plan to stay in America. He has a master’s degree in engineering and she is doing her residency in Chicago and plans to specialize in oncology. They talked very candidly about American politics and said that after observing...

Someone Is You: On Sept 21, I joined the 400,000 who took to the streets of New York in the People’s Climate March, followed by a UN Climate Summit and many speeches. On October 13, the Pentagon issued a report calling climate change a significant threat to national security requiring immediate action. How do we move from marches, speeches and reports to meaningful work on this problem? In NYC I read a sign with a simple answer...

Necessary To Pay: Last fall, Grand Traverse voters authorized a new tax to fix roads. It is good, it is necessary.

The Real Reasons for Wolf Hunt: I have really been surprised that no one has been commenting on the true reason for the wolf hunt. All this effort has not been expended so 23 wolves can be killed each year. Instead this manufactured controversy about the wolf hunt has been very carefully crafted to get Proposal 14-2 passed.

Home · Articles · News · Random Thoughts · Big Government to the...
. . . .

Big Government to the Rescue

George Foster - September 29th, 2008
Big Government to the rescue?
Yikes, what happened over the last few days?
A little over a week ago Senator John McCain assured us the “fundamentals of our economy are strong.” Yet, last night President George Bush warned us that the economy is melting down so fast that a crisis of unprecedented proportions will occur if we don’t implement his radical plan immediately.
As of this writing, there is no guarantee that the administration’s $700 billion bailout plan, brokered by Treasury Secretary Henry Paulsen and Federal Reverse Chairman Ben Bernanke, will prevail. Unlikely allies Barack Obama and McCain are endorsing a plan similar to Bush’s, while many of the President’s fellow Republican congressmen are fiercely opposed.
My reaction is similar to how a majority of Americans must feel; why are we even thinking about paying $700 billion to rich Wall Street executives who have tried run our country into the ground? Many of the CEOs who manage these financial firms are crooks whose purpose in life is squeezing money out of the rest of us to support their fat cat lifestyles.
To make matters worse, the guys who got us into this financial mess are the same ones hatching the brilliant plans to save us from ruin. Secretary Paulson is a 32-year veteran of Goldman Sachs and former CEO. Goldman Sachs also happens to be one of the financial institutions likely benefiting from the proposed bailout.
And where are we going to get the money? The U.S. government is already running record annual spending deficits of over $400 billion and rising since the year 2000. When individuals and small businessmen and women make bad management decisions, we lose everything and start over. We don’t look for government to bail us out - there is no safety net for us. Nor should there be.
The financial experts tell us that Big Government is needed to fix this problem or the public’s confidence will be shaken and some of the largest loan companies will go belly up. Maybe someone should tell the experts that our faith in the economy has been shot for some time and isn’t the huge debt load carried by the average American consumer one of the causes of our current crisis?
If this bailout plan comes to fruition, don’t be surprised when the financially stressed Big-Three auto companies and airlines industry soon line up for more billions in handouts from U.S. taxpayers. But if all of the bailouts fail, then what - a chicken in every pot?
Bottom line: there is no quick-fix solution to our financial problems. Our message to the panicking executives of Merrill Lynch, Lehman Brothers, A.I.G, and Bear Stearns should be the same advice for all of us, “There is no free lunch, baby.”
 
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