Letters

Letters 05-23-2016

Examine The Priorities Are you disgusted about closing schools, crumbling roads and bridges, and cuts everywhere? Investigate funding priorities of legislators. In 1985 at the request of President Reagan, Grover Norquist founded Americans for Tax Reform (ATR). For 30 years Norquist asked every federal and state candidate and incumbent to sign the pledge to vote against any increase in taxes. The cost of living has risen significantly since 1985; think houses, cars, health care, college, etc...

Make TC A Community For Children Let’s be that town that invests in children actively getting themselves to school in all of our neighborhoods. Let’s be that town that supports active, healthy, ready-to-learn children in all of our neighborhoods...

Where Are Real Christian Politicians? As a practicing Christian, I was very disappointed with the Rev. Dr. William C. Myers statements concerning the current presidential primaries (May 8). Instead of using the opportunity to share the message of Christ, he focused on Old Testament prophecies. Christ gave us a new commandment: to love one another...

Not A Great Plant Pick As outreach specialist for the Northwest Michigan Invasive Species Network and a citizen concerned about the health of our region’s natural areas, I was disappointed by the recent “Listen to the Local Experts” feature. When asked for their “best native plant pick,” three of the four garden centers referenced non-native plants including myrtle, which is incredibly invasive...

Truth About Plants Your feature, “listen to the local experts” contains an error that is not helpful for the birds and butterflies that try to live in northwest Michigan. Myrtle is not a native plant. The plant is also known as vinca and periwinkle...

Ask the Real Plant Experts This letter is written to express my serious concern about a recent “Listen To Your Local Experts” article where local nurseries suggested their favorite native plant. Three of the four suggested non-native plants and one suggested is an invasive and cause of serious damage to Michigan native plants in the woods. The article is both sad and alarming...

My Plant Picks In last week’s featured article “Listen to the Local Experts,” I was shocked at the responses from the local “experts” to the question about best native plant pick. Of the four “experts” two were completely wrong and one acknowledged that their pick, gingko tree, was from East Asia, only one responded with an excellent native plant, the serviceberry tree...

NOTE: Thank you to TC-based Eagle Eye Drone Service for the cover photo, taken high over Sixth Street in Traverse City.

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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