David
02-16-2009, 03:44 PM
Who’s feeling stimulated?
Editor:
Much has been written about this “stimulus” package — or whatever the government decides to call it today. Some of it has appeared in this paper in various forms, editorials or opinions.
The ones I am calling attention to are the ones where the money is given to the people and not the banks.
Similar bail-outs, such as the one we are now burdened with, have been tried by President Franklin D. Roosevelt before WWII and also by Japan. The Roosevelt plan was pretty much forgotten because of our involvement in WWII. The war was what got us out of the depression because the entire country was employed in the war effort.
Japan tried a similar plan with huge infrastructure projects where big employment pretty much ended once construction was completed. They also gave their banks taxpayer money to help them out.
Are you ready to borrow your own money from these banks and then pay them interest on top of it all? What idiot dreamed up this debacle?
I believe there will be some token relief to us in the form of a pitiful tax reduction or maybe another tax-free check. Nothing that could possibly match the breaks and relief the people who caused this mess will get. Oh, sure, their bonuses will be reduced to an amount that would exceed the gross income of your entire neighborhood.
Boy, do I feel stimulated!
We were told by these same people to get into 401-k’s and mutual funds. While we realized there was some risk involved, we were also told that leaving our money in a savings account was not wise for the future.
Look at what happened!
The reason why the American public is not being considered in this bail out is that Big Money is still controlling Washington!
KEVIN COANE, WALLINGFORD
Editor:
Much has been written about this “stimulus” package — or whatever the government decides to call it today. Some of it has appeared in this paper in various forms, editorials or opinions.
The ones I am calling attention to are the ones where the money is given to the people and not the banks.
Similar bail-outs, such as the one we are now burdened with, have been tried by President Franklin D. Roosevelt before WWII and also by Japan. The Roosevelt plan was pretty much forgotten because of our involvement in WWII. The war was what got us out of the depression because the entire country was employed in the war effort.
Japan tried a similar plan with huge infrastructure projects where big employment pretty much ended once construction was completed. They also gave their banks taxpayer money to help them out.
Are you ready to borrow your own money from these banks and then pay them interest on top of it all? What idiot dreamed up this debacle?
I believe there will be some token relief to us in the form of a pitiful tax reduction or maybe another tax-free check. Nothing that could possibly match the breaks and relief the people who caused this mess will get. Oh, sure, their bonuses will be reduced to an amount that would exceed the gross income of your entire neighborhood.
Boy, do I feel stimulated!
We were told by these same people to get into 401-k’s and mutual funds. While we realized there was some risk involved, we were also told that leaving our money in a savings account was not wise for the future.
Look at what happened!
The reason why the American public is not being considered in this bail out is that Big Money is still controlling Washington!
KEVIN COANE, WALLINGFORD