Readers
ONLINE EXCLUSIVE
‘New Deal’ disaster is in the works
After six months seeing world markets unravel as President Obama closed a grip on our presidency while saying “you won’t be able to drive an SUV or eat as much as you like because someone in the third world may object,” we will not expect a future.
No longer do leaders lead; they lie.
In angry response to voters wanting America to remain “The home of the brave and the land of the free,” Democrats wailed, “The worst economy in 50 years!” regardless of 26 quarters of growth in 32 of George W. Bush’s tenure.
Major media turned a man making the most brilliant strategic military move since Washington on the Delaware into a drooling dunce.
We had five years of economic downturns greater than 2008 since World War II: 1949, 1953, 1958, 1974 and 1981 – all disasters. In every case, the government did nothing or cut taxes. The next years had great growth.
This time Democrat/major-media lies worked because Rep. Barney Frank and Sen. Chris Dodd penned federal regulations making banks lend money to unqualified minorities, even illegal immigrants.
Environmentalists and galloping “developer fees” inflated housing prices by 20 percent per year. You could pay for a house by refinancing every year if you had 20 percent in the deal. Low-ball buyers trying this trick came up short.
Assuming a mean prices of $200,000 for 75 million homes, private housing was worth $15 trillion in 2007. If 75 percent had mortgages with 20 percent down, there was $9 trillion on paper expecting increased value.
With Democrat major-media screaming, “Worst economy in 50 years!” the national conscience blinked and failed.
Real estate took a 25 percent hit in the summer of 2008, $3.75 trillion; even more in equities markets, but far worse vanishing confidence exceeded estimation.
Now, electeds are unwilling to learn from history, see that borrowing money, building bureaus, government in charge fails every time.
A “New Deal” disaster was tried in Japan and it lost a decade. Now we understand “change.”
Adrian Vance
Lakeport, Calif.
Raising gas taxes would help in 2 ways
All agree we must reduce our dependency on foreign oil.
Most attribute our 4,000 deaths in Mideast wars to oil.
Most also agree our economy needs a bailout.
All agree our kids shouldn’t be burdened with the debt.
A rational solution would raise gas taxes temporarily to repay our debt and reduce foreign oil dependency.
Frank Welsh
Mesa
Fairness Doctrine all about censorship
Leading Democrats, such as former president Bill Clinton and wackadoo Sen. Tom Harkin, voice support for the Censorship Doctrine – what leftists deliberately mislabel as the Fairness Doctrine.
If enacted, this would be a blatant and severe violation of free-speech rights.
Perhaps these free-speech haters should make themselves familiar with the First Amendment to the U.S. Constitution, which states in part: “Congress shall make no law … abridging the freedom of speech.”
And then, these leftists should be reminded of what they’ve claimed for years: No means no.
Mark Kalinowski
New York, N.Y.