Letters to the Editor for Aug. 22
Politicians need to start focusing on a fix, not affixing blame
Enough is enough.
It’s been more than three years since the $700 billion stimulus package propped up “Government Motors,” along with the Wall Street bankers/brokers. Unemployment [is] hovering above 9 percent and foreclosures are still at [a] record high. These problems are not about to go away soon.
It’s time for ordinary citizens to wake up to the legalized larceny and systematic looting that have been going on right under our noses. It’s time for some truthfulness from those elected to represent us, and not a political party!
The immediate cause for the 2008 credit wipeout was the massive default of so-called “subprime mortgages,” that can be directly linked to government policies in the 1980s and ‘90s. Although politicians like Barney Frank and Chris Dodd sought to wash their hands of responsibility for what happened under their watch, analysts insist it was precisely the policies of people like Frank that encouraged the subprime mortgage wipeout.
Now we have the Standard & Poor’s credit rating downgrade on Aug. 5. It’s amazing that on Aug. 7, David Axelrod (President Obama’s political strategist — paid architect of administration spin) blamed the S&P rating as a tea party downgrade. Amazingly, that same morning Sen. John Kerry used the exact same term. Political finger-pointing, but not one solution offered.
The responsibility for failed policies and their attempt to lay the blame on the other political party is proof that our politicians are liars and have no clue as to what we, the people, are going through. It emphasizes their belief that it’s more important to look guiltless than to admit you misread the problem.
I might sound cynical, but is it time for an election?
Peter A. Peno
Better way to treat an accidental death
Re Aug. 15 article, “Police: Boy killed in golf cart accident”: In Palermo, New York, an 8-year-old boy driving a golf cart backed over his 8-year-old friend, who had fallen off, causing a head injury from which he died. No tickets were issued, nor is there criminal liability. It is being treated as a tragic accident.
Given the way the Saratoga County authorities treated the young lad who accidentally shot his friend, if this [the golf cart accident] had happened here, he probably would have been charged with vehicular homicide.
Consumers hold key to reviving economy
Here is a simple way to get unemployment down to 7 percent in one year. We must focus on improving consumerism.
Instead of Black Friday, why don’t retailers focus on the entire week? Have sales for one week so there is no crush on Friday. The stores stay open 24/7 during that week with fantastic sales. Brick and mortar facilities can buy cheap advertising space on their companies’ websites.
With planning starting now, stores can line up everything from suppliers to staffing, e.g. extra cashiers, floor personnel, security, go-fers, etc. These stores can go to suppliers and say, “Based on interest from our online store, it looks like we’re going to need at least 100 flat screen TVs.” The supplier can go to the bank and say: “Based on interest in flat screen TVs, I’m going to need to manufacture at least 1,000 units by Thanksgiving.” This should free up credit.
The synergy is incredible. Store clerks making $10 per hour might get double time, so they make $640 in overtime that weekend, or over $1,000 for the week. Give them a store discount and one week’s hard work will get them through the holiday season with time to enjoy it.
We must focus like a laser to get the banks to lend and consumerism to thrive.
Richard Moody Jr.
Rich guys who back GOP don’t care about U.S.
As the Republican presidential hopefuls begin the early days of their campaign, please remember that millionaire and billionaire business leaders who are trying to ensure a Republican in the White House are not the friends of the average American.
If big businesses had our interests at heart, if they wanted to create and keep jobs and industries in the United States, they would already have done so — not run as hard and fast as possible to every part of the rest of the world, which allows them to operate corporations that pay a pittance and ignore the sad conditions their poorly paid employees live in.
The only goal the super-rich have, with a few notable exceptions, is to keep getting richer, in all possible ways. Saving the United States is not really even on their radar, no matter what their Republican flunkies tell us.