Letter to the Editor

What's the difference?

Friday, February 20, 2009

Dear Editor,

I need for someone to explain to me (Hello Dick) why the Republican Bush administration could give away $900 billion to various banks, corporations, etc., with bi-partisan support and the Republican House members never offered hardly any resistance; but now the Democratic Obama administration wants to give away $787 billion to different places (with strings attached to prevent helping those who over-borrowed and/or had poor management) the Republican House members cried it was was wrong and voted almost 100 percent against it.

I don't know whether these expensive bailouts are right or wrong (only time will tell that) but I do know the Republicans are playing partisan politics. Too bad they can't come up with some new ideas within their party to try to help the country move forward.

May God bless America and long may she stand!

Cordially,

Garnet Henton,

McCook

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  • I don't know what the whole story is behind how the recession happened, but if it had to do with bad spending, I'd say that the Republicans realized that their spending screwed things up and now they've turned over a new leaf. Yeah, it might sound hypocritical, but would it be better that they stayed on the same path that didn't work?

    Then again, it could just be that we have the wrong Republicans in Congress. I don't know much about politics, so I can't say for sure.

    -- Posted by bjo on Fri, Feb 20, 2009, at 4:49 PM
  • The Republicans and George W. Bush worked in a bi-partisan manner to pass the $700 billion bill that gave assistance to banks. They realized that such a strategy is not working and they have been the only ones keeping an open mind about what to do. The Democrats just keep saying, bailout, bailout, bailout and nothing more. Now, they've changed the word of the day from bailout to stimulus and you want to talk about "new" ideas?!

    The Republicans offered a plan that was nearly half the cost of the current plan and created twice as many jobs but Democrats rejected it without so much as a second look. Republicans are the victims of partisan politics by the Democrats in this one too. Sorry, but those are facts. There were even a few Democrats supporting the views of Republicans for a reason.... THIS IS A BAD BILL!!!

    We were warned beforehand. Time won't tell if this was a bad bill, it will only confirm it.

    -- Posted by McCook1 on Fri, Feb 20, 2009, at 6:04 PM
  • Has anyone noticed that the 'Bail-out' 700 Billion was one half spent by the Republican administration, and the second half, 350 Billion, was turned over to the 'present' administration, and no one has seen it since? Where did it go?

    We are all wrong, folks, Conservative and Liberal, for slightly different reasons, but the 'Representatives' of our country missed the ball. The Constituency, missed the ball. The only people who didn't 'miss' the ball are the ones who Greeded our financial system into bankruptcy; an act no honest person could imagine, nor comprehend.

    What is concerning me, right now, is: Back in 1929, we had the financial crash, which became the Great Depression. Mostly, what began our recovery was having enough gold, and credit, to finance the recovery program.

    Today, it seems to me, we are spending the last of our national credit, attempting to bail the crooks out, so they can steal even more, and we have no way of financing a recovery program when we finish going into our upcoming Depression.

    The Bad Business Leadership, still in control, will simply give themselves great bonuses for figuring out what financial strings to pull, to gain even greater ill gotten bonuses.

    Quit blaming everyone else, and look in a mirror, folks. We are about to go on a diet.

    Oh, yes, Pray, please. If you have forgotten how, please relearn. Arley Steinhour

    -- Posted by Navyblue on Fri, Feb 20, 2009, at 7:57 PM
  • I recently had a conversation with some family and this topic came up. We all agreed that there is nothing backing up the worthless paper we are forcing into the economy, and as Navyblue mentioned, this means absolutely no worth. I believe the American $$$ will be worth nothing in a few years due to uncontrollable inflation.

    What ever happened to the American that didn't buy something if he or she couldn't afford it? I believe that consumer "over-use" of credit is partially to blame for the failure of some companies, and greed is wholly to blame for the failure of our Government.

    The only Good Government is a small and powerless one. The United States Government was not designed to protect people from themselves, however, this is the area that a large portion of our Government's spending has been absorbed. Lets protect our borders, airways, and sea-ports here at home, and stop worrying about everyone else.

    If you have cash on hand go buy something, because in a few years your money will be worth nothing. We are headed down a long, steep, slippery slope. Good Luck and God Bess!

    -- Posted by cplcac on Sat, Feb 21, 2009, at 12:53 AM
  • The obstructionist Republican'ts have failed this country completely. They are now like chicken little crying the sky is falling.

    Will the obstructionist Republican'ts please step out of the way, let the majority rule, and then this great nation will fulfill it's destiny.

    -- Posted by ontheleftcoast on Sun, Feb 22, 2009, at 7:24 PM
  • *

    Finger pointing aside - let's just use some good ol' fashioned horse sense, the kind that grandma had, when it came to economics.

    If you don't have it in the bank...don't spend it.

    Never throw good money away chasing bad money.

    If the government could spend its way into prosperity, we'd all have golden commodes.

    My advice to the current administration? Cool your jets and let the market correct. History shows a two year trend on recessions, and this adverse reaction is without precedent and presents no measuring stick for success.

    -- Posted by Mickel on Mon, Feb 23, 2009, at 9:48 PM
  • Not only was there nary a peep to be heard from the republican side of the aisle during the proceedings leading up to the display of Bush administration largesse for banks, but there was a similar silence at the revelation of $ 9 Billion missing in Iraq with no accounting for its whereabouts, including pallets full of shrink-wrapped $100 bills.

    My theory for the downturn of violence in that unfortunate country is that no one could see a target in the blizzard of American money that cascaded down there.

    Given that the republicans are so good at getting even the most trivial of their messages out I'm surprised we didn't hear about their incredibly economical and effective plan cited above. You'd think that at least Fox news would have given it extensive coverage and analysis, and surely Rush would have promoted it to the high heavens. As it is I pay pretty close attention to the goings on in this country and I did not hear word one about such an incredibly effective plan. I did , of course, hear about a republican alternative but it was basically more of the same with different targets and terminology.Maybe they should have sent Joe the Plumber out to publicize it since he seemed to be their go-to guy on economics for a while.

    -- Posted by davis_x_machina on Mon, Mar 2, 2009, at 10:19 AM
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