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Letters to the Editor

Changing tune

September 26, 2008

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To the editor:

Well, the Republicans have done it again, spoken with a forked tongue. Just recently President Bush told us the fundamentals of our economy were sound. McCain reiterated this message, and then just last week we were told that the government would have to bail out Wall Street to prevent a total collapse of our economy.

Isn't this the same bunch of Republicans (Phil Graham, John McCain, etc.) that told us that the era of big government was over and that what our economy needed was deregulation? I guess we listened to them and then they decided that it was best to regulate our banking system by putting the fox (corporate fat cats) in charge of the hen house (our money).

Now that the fox is choking on the feathers, we are supposed to bail them out for our own good? The Republicans came up with a slogan for their recent convention: "Drill here, drill now." I guess they meant drilling the American taxpayer for $1 trillion to bail out their billionaire friends and save them from their own greed. I hope Kansans remember this at the voting booth this November as President Bush, advocate of small government, doubles your national debt to over $11 trillion and creates a socialist state. Remember this as we lay this debt on the doorstep of our children and grandchildren. May they forgive us.

Frank Hays,
Lawrence

Comments

fandango12 6 years, 3 months ago

Not sure how one can presume the president is singularly responsible for doubling national debt. Not sure how one can presume the taxpayer is being drilled for this money or how. Not sure how one can presume any of this will create a socialist state. How about coming up with sources for your information and letting the rest of us know where you got your information.

Frank Hays 6 years, 3 months ago

Hey, Fandago, if you would quit listening to Rush Limbaugh for a few minutes and do the research you might find that these numbers are correct:http://www.lafn.org/gvdc/Natl_Debt_Chart.htmlhttp://www.dallasnews.com/sharedcontent/dws/bus/columnists/jlanders/stories/DN-landers_23bus.ART.State.Edition1.26dc513.htmlhttp://seattlepi.nwsource.com/opinion/379794_murdockonline20.htmlhttp://www.startribune.com/opinion/commentary/29771494.html?elr=KArks:DCiUMEaPc:UiD3aPc:_Yyc:aUUIt's people like you that will spell doom for this country if you keep believing the dribble on the Fox (errrr...Bush) News Network. Read 'em and weep.

Frank Hays 6 years, 3 months ago

By the way, you want to know who the fox are in the story? Read the story at this link and the guy demanding this massive bailout just happens to have been the former chief of Goldman Sachs. Phil Gramm, John McCain's chief economic advisor and campaign staffer, has his hands in it as well and he is now paid by a mega bank Swiss Bank UBS. Coincidence? You decide as we bail out these mega-rich fat cats and their cronies. http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/09/25/EDV1134AG2.DTLI wonder what Rush says about this (oh, by the way, he is one of the mega-rich if you didn't know that as well - they protect their own if you didn't know this)?

tangential_reasoners_anonymous 6 years, 3 months ago

"Well, the Republicans have done it again, spoken with a forked tongue.'"Beyond the tongue, the whole Republican psyche is forked-divided against itself, as it were.

Richard Heckler 6 years, 3 months ago

Bank monopolies are in the making. BUSHCO Iraq war broke the banks and China has cut off lending for awhile.Invasion war is a money hole with zero payback. Hitler taught us that.Just think if polticians had spent $3 trillion on healthcare for all,alternative energy and the the green industry the USA would be making money off the new jobs the money created thus new wealth for the USA not bankruptcy.Add a stiff excise tax on all USA named imports then the USA would be rolling in the dough!When Castro nationalized the Cuban sugar industry, American shareholders (the owners) had their equity wiped out as well. Socialism is tough on capitalists. Perhaps the quick-buck boys on Wall St. should have thought about this before now.It happened to the oil boys and girls as well. So we send our expensive military in to tell other governments they cannot do business as they see fit.Fact is that is a risk corporate america and stockholders must assume when investing in corporations that invest abroad. The military SHOULD NOT be used as the Wall Street Protection Service.

Frank Hays 6 years, 3 months ago

Hey Fandango12 the silence is deafening. Can you read?

Frank Hays 6 years, 3 months ago

Those who cannot remember the past are condemned to repeat it....This is the condition of children and barbarians, in whom instinct has learned nothing from experience.~George Santayana I don't care what percentage the economy grew, if your banking system melts down and there is no credit and cash flow that growth will evaporate quickly. Did you not study history in school. During the half-decade from 1924 to 1929, the U.S. economy grew at an average annual rate of 3.4 percent. Real gross investment rose at a 5.5 percent annual rate while consumption grew steadily at a 3.0 percent annual rate. Inflation was absent, with virtually no increase in prices during the mid-1920s while the government sector was shrinking. Between 1922 and 1927, the national debt actually fell by about $5 billion, from $22.5 billion to $17.5 billion. After an export boom during World War I, the United States still managed to run a modest trade surplus just below 1.0 percent of the gross national product during the mid-1920s. Between 1923 and 1928, labor made its contribution to a sound economy with labor productivity rising at an average annual rate of 2.6 percent per year.The roaring twenties was brought to a screeching halt when the banking sector (credit) and the stock market (capital) collapsed simultaneously and that is what has been set up today. That event triggered in 1929 was called the Great Depression and it lasted a decade. The comparisons are similar but in fact, we are worse off today then we were in the mid 20's (notably, trade deficit & national debt which foreign countries hold a large share) going into that financial abyss. Oh, of course we got these from facts from text books so they are probably not correct either since the government didn't publish these books. Good luck relying on governmental sources for your information - by the way, has the U.S. government found those weapons of mass destruction yet in Iraq that we told the U.N.existed?

fandango12 6 years, 3 months ago

It sounds to me like many of you read the NY Times and Washington Post as well as the Los Angeles Times. Oh wait. I looked again and someone is reading Dallas and Seattle which I have not. Listen, if our economy is all doom and gloom then why did the economy grow 2%? Why is it I can start three businesses in a town in KS where jobs are so scarce? If I want information, I visit web sites where government (regional and national) votes are placed and are reliable. I don't rely totally on news sources. Waste of time. As for being able to read? Well, I read you loud and clear. I don't need another to make up my mind. I look for facts and don't rely on empty words.Frankly, I have been watching these blogs and letters to the editors for months and can not believe the (liberal) emptiness as well as out and out lies that are printed as facts from seemingly intelligent readers. I see great vocabulary but not much brain.

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