The American Spectator

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Easily Understood

9.25.08 @ 12:01AM

LIFELINE
Re: Peter Ferrara's The Economic Recovery Plan:

Award winning article by Mr. Ferrara. Government action caused the problem. So exactly how is further government action going to fix it? It is not. Yet, both Presidential candidates want to do just that. Scary isn't it?
-- Michael Tobias

The article by Peter Ferrara on "The Economic Recovery Plan" is the first thing I have read that spells out, in layman's terms, how we got into the mess we are in...Thanks, Peter, I can now talk intelligently about the matter and help other people really understand what happened.
-- Darlene Savoie

Great ideas for an economic recovery, but with the current idiots in control, it will never happen. If our Senators and Congressmen and the American voters, who elect those boneheads, each had half a brain we would have begun to control federal spending way back in the 1970s. But not! We don't want to do that. A President Obama would make the problem much worse.
-- David Shoup
Dublin, Georgia

It is not without reason that Americans have always been a quite hopeful people. There is something in our constitution that doesn't want to look at the sun as setting on our Republic, but rising, always rising. That's no small part of where Obama's Hope Express Train to Nowhere gets its steam. We keep hoping that politicians and leaders will fix everything. There is always a game plan, right?

May I lob a mudball onto the table of plenty?

There is no 100% guarantee that we will be around in 50 or 100 years. Many books have been written about demographics, moral decline, and other threats to our nation's existence. Not many that I'm aware of suggest that economics will be the primary source of our undoing, but it could very well be that such will be the case.

I ran across a de Tocqueville quote today: "The American Republic will endure, until politicians realize they can bribe the people with their own money." I think we've been in the "until" portion of that quote for quite some time. How much longer before we go to the next phase of our "unenduring"?

The American people (and their leaders) will some day have to face up to the idea that occasionally there is no solution. Sometimes the house burns down, or the car runs off the road into a ditch. Another very American idea is this: Try to save the house...but when you can't, let the house burn, and we will rebuild it.
-- Mark Pettifor
Goshen, Indiana

Thanks to Peter Ferrara for a short and easily understood explanation of the current financial mess. Should be required reading.

Newt Gingrich's economic plan might work. But, it will never happen with the current and upcoming Congress. As your reader Jay Molyneaux wrote, "Time to start digging: bury your money, guns, and bibles."
-- Nelson Ward
Cowles, New Mexico

STRAIGHT FROM MUGABE'S PLAYBOOK
Re: John Berlau's It's Paulson's Own Mess:

McCain's comment on firing Chris Cox and hiring Cuomo has cost him the election. Period. Now sit back and try to enjoy the screwing Obama and the Democrats hand out to the American taxpayer. Exchange your cars for bikes, cut down your trees, too. No new oil, no more coal, either.
-- Wolf Terner
Fair Lawn, New Jersey

If it's appropriate for Financial Institutions to value their assets at market value and recognize any associated losses, it is also appropriate for me to record a loss based on my home's reduction in value? Maybe I can reduce my income tax this year by showing a loss on the value of my home against my annual income. If it works for the bank, why shouldn't it work for me?

Please convey my gratitude to Mr. Paulson for this great tax tip.
-- John Carper

Letter to the Editor

topics:
Taxes, Barack Obama, Sarah Palin, Mainstream Media, Economics, Earmarks, Books, Constitution, Law, NATO, Alaska, Oil