Letter to editor 9-20-08
So, George Bush's bailout for Wall Street millionaires "could reach $1 trillion" ("Bush offers..." Sept. 20). That must mean it's better to socialize Wall Street than it is to help Americans with crippling health care costs and credit card debt.
Somehow, I have a feeling that that $1 tillion bailout is not going to "trickle down" to regular Americans. In fact, predatory lending will likely get even worse, as the surviving lenders scramble to pay off their gigantic debts. Hello, 29.99% annual percentage rate (APR).
Using the bailout instead to help pay real Americans' health care costs, credit card bills, and mortgages will stimulate the economy. Barack Obama's tax cut for middle class Americans will accomplish this. It's time to throw the usurers -- and failed Bush/McCain/GOP policies -- out with the bathwater.
Adam M. Schenck
Editorial note: the editor may find it more appropriate to change "Bush/McCain/GOP" to simply "Bush."
No profanes - sacred