Letters to the editor: Nov. 6 - East Valley Tribune: Opinion

Letters to the editor: Nov. 6

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Posted: Thursday, November 6, 2008 8:53 pm | Updated: 9:51 pm, Fri Oct 7, 2011.

Two contrasting headlines in Monday’s Tribune caught my attention:

• Page AA1: “Campaign shatters records for money” (read unprecedented donations).

• Page A4: “E.V. food banks feeling economic pressure” (read decreased donations).

What is wrong with this picture?

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CAMPAIGNS AND CASH

Headlines tell the tale

Two contrasting headlines in Monday’s Tribune caught my attention:

• Page AA1: “Campaign shatters records for money” (read unprecedented donations).

• Page A4: “E.V. food banks feeling economic pressure” (read decreased donations).

What is wrong with this picture?

F. DOUGLAS WILSON

TEMPE

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THE ECONOMY

Bailout money should have gone to taxpayers

In the federal bailout plan recently approved, Congress decided to give $700 billion to banks and corporations that created the current economic mess by being less than honest. Imagine that: Congress gives more of the taxpayers’ money to dishonest business people. Apparently, our congressmen and senators do not have to take any economic classes. If they did, they would have seen that this plan will not work, a sentiment shared by Wall Street investors.

While I am against any type of bailout, if Congress had simply returned the money to the taxpayers, the economy would have a better chance of survival. Why? Because the common taxpayer will use the money to pay off debt, refinance mortgages, and spend for the upcoming holiday season. As the money progresses from retailers to suppliers to government tax accounts, etc., the economy is expanding. Eventually, the money lands in the bank, where the funds can be lent to other people, further expanding the economy. Instead, the money now flounders in vaults of banks who had no intention of using it for lending as envisioned by Congress.

The taxpayers of our country need to ask their elected members of Congress why they voted for such a stupid plan. Had the money gone to taxpayers, each would have received almost $35,000. Instead, the corporations, banks, and their shareholders (those who are already rich and in a prosperous lifestyle), will benefit. In the mean time, the economy will continue to flounder.

ROB GRESSER

CHANDLER

Economics and morality

Lessons from the other side of the economy:

Among the things we all need are all those material things we work for. But that is not all we are, not even close. We are beings of light and spirit, of transcendence, imagination, immaterial, and intangible. George Bernard Shaw said, “Faith cannot replace bread.” Yes, but having bread we need other things to be completely human.

Greed, I prefer self-interest, works but only when it is intelligent. That means understanding consequences and that requires wisdom. Wisdom comes from knowing the whole of things and that the pieces we see take their meaning from the whole not the other way around. If libertarianism is to work, this is the rest of what it needs.

This is the sense in which I am a libertarian. I believe that no one knows better what anyone should do than each one of us ourselves. This is radical freedom and individualism. We can all make mistakes, but no one has a better chance of being right than each of us for ourselves.

Having found myself I come out on the other side and see that I need others, that ”no man is an island entire of himself, each is a part of the main.”

Morality, after all, is social. We lose our humanity without our connection to the rest of humanity. Nothing we do that touches others is without a moral dimension, not even economics.

JAMES R. SCHER

CHANDLER

Save, don’t borrow

Until our elected employees (politicians) stop propagating the myth that individual economic worth is better judged by credit card limits rather than savings account balances, the lives of Americans will suffer. Yes, credit stimulates growth, but it is mirage growth. When credit limits are reached, growth ceases. This is the dilemma that Americans are faced with now, and will be into the foreseeable future. The moral: Save your money, cancel your credit card, and demand that our elected employees balance the U.S. budget, too!

DAVID STANTON

MESA

Don’t blame Democrats

I entered work one day to hear the announcement that everyone was losing their insurance at the end of the week. The insurance company decided it was too expensive to cover us. In my 25 years of working, and my parents working years, this was unheard of. This was during President Bush’s first term. So for the venters who blame the Democratic Congress for the mess were in, it started happening before then and that is why the Democrats were voted in in the first place.

DEBY D. CLEMENTS

MESA

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