If you’re a current subscriber, log in below. If you would like to subscribe, please click the subscribe tab above.
Username and Password Help
Letters to the Editor: 8-29-2012
Let me begin by thanking “Carlton” for his accurate and concise description of the housing collapse which came to a head under the leadership of Barney Frank, Chris Dodd, and the Democratic controlled congress. Despite warnings from the Bush Administration, they prevailed in their efforts to make everyone a homeowner with disastrous results. When considering the efforts to blame our financial disaster on “Bush” we should also add an additional significant part of the equation.
The democrats took control of both the House and the Senate not in January 2009 when Obama became president but in January 2007. It was also on that date that Barney Frank took over the House Financial Services Committee, and Chris Dodd took over the Senate banking Committee. I believe this is also evidence of their complicity in protecting Fannie Mae and Freddie Mac from changes that might have prevented the meltdown that resulted from the bad mortgages they assumed.
But my main purpose in this letter has more to do with the nearly 6 Trillion (That’s $6,000,000,000,000.00) further in debt we are from the beginning of the Obama administration. In a previous letter to the editor a few years ago I provided copies of German Marks from 1922 and 1923 when the German financial structure fell apart. You may remember the stories of how a wheelbarrow full of Marks could not buy a loaf of bread.
I hope the editor would show the copies of those marks again as we consider the damage to our economy resulting from the reckless printing of money by our Federal Reserve since that letter. The value of our dollars will certainly be devalued by this huge splurge of spending. Consider also the tremendous load we are dumping on our young people. The interest alone will be ruinous for them to handle. We cannot survive four more years of Obama. He said that he would fundamentally change this country. And he has kept his word. Do you like what he has done? This election in November will determine the future of our great country. Think on it.
What kind of country do you want America to become? A country where an open market decides which business or product will succeed or fail, or one in which that decision is made by a government that picks winners and losers with tax dollars? A country where individuals decide what level of health care they are willing to pay for and where to receive it, or one in which the government weakens Medicare by taking $700 billion from it to fund a healthcare plan that will bankrupt our country and will ruin the greatest healthcare system on earth? Do you want an America where the government tells its citizens they have the right to own a home they can’t afford, or a government that gets out of the way of people who want to work and earn the home of their dreams? Do you want a government that has been so restrictive on energy development, has made it so costly for coal powered electrical plants that some have shut down, stopped the Canadian oil pipeline, wasted 500 million dollars on a solar panel company that later went bankrupt, or a government that takes a reasonable approach to getting the energy we need at a reasonable price while still protecting the environment? We are dependent on other countries that are hostile toward us for much of our oil and money that we borrow. (Our government borrow about 40 cents of every dollar it spends.) Does it make sense to fund your enemies while going bankrupt yourself? This is the greatest threat to our national security.
A government that is big enough to give you all you want is big enough to take all you have.
We support Mitt Romney and Paul Ryan and hope you will too!
Butch Jackson, Colfax