April 1, 2009

Other means of stimulus

Letter to the editor



More non-sense concerning our shrinking economy and ways our government is trying to stimulate it.

Here’s my take (again) plain and simple – I said this back in the Bush days, rather than giving money to the banks, our government should have just plain paid the lower 1/3 of Americas home mortgages. Then these people would have spent money to get this economy going better.

Instead – the group that is “By the people and for the people” decided to give the money to big banks without a clue where the money went. Now the banks are more tight fisted than ever. Remember I wrote that we would read the obits to gauge our life, and now we also look at the foreclosures? Guess what – today I get a letter telling me that my home mortgage is going up by 33%, not because of an arm – but, because our homes have lost value. Would it be ok to not send in as much money as I contracted to because my income dropped? Good choice Washington.

One last thing – G.M. and Chrysler get bailout money. Another good choice. Chevy and Chrysler rank among the worst in quality – Ford is pulling ahead by leaps and bounds (and didn’t take the “Loan”).

Looks to me our paper of record will soon be supported by lawyers placing foreclosure ads. I hope everyone can weather this storm, because being a small community – don’t expect big attention when it comes to Washington. And when they help, it’s normally in the wrong way.

Tim Dewald



Please review our community guidelines before posting

Please keep comments on topic and appropriate for all ages. Remember that people of all ages read our website. Those that are not appropriate will be removed. Please read our full community guidelines before posting.

No comments on this story | Please log in to comment by clicking here
Please log in or register to add your comment

Copyright © 2018, Sunrise Publishing. Powered by: Creative Circle Advertising Solutions, Inc.