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So Mr. Marshall, you ask what bubble I am living in ("Depression-bound," Record-Courier letters, May 12.) My letter was clear and represents my position. I am aware of the "tea parties." I just don't support them. I also realize they are just a continuation of the Republican/conservative charade that all we need to do is cut taxes and reduce government. The fact is that this anti-tax/anti-government mentality has produced many of our problems. Your claims are false and misleading. The current government is not repeating what led us into the Great Depression. It is trying to do what brought us out of that depression, albeit too timidly, along with being blocked by Republicans that wish to continue with failed solutions. Fannie Mae and Freddie Mac did not cause the current recession. Eighty percent of the failed loans were written by unregulated "shadow banks" that were not in the mortgage lending business 20 years ago. The slick stunts they were pulling were aimed only at enriching ourselves at our expense. Alan Greenspan denied that there were any problems here even though several Nobel Prize-winning economists were sounding the alarm bells five and even 10 years ago. You say government-run health care has proven a failure in the countries that have it. In those countries they do not leave 50 million uninsured, and they accomplish their health care at half the per-person cost of the United States' market approach. Sounds to me like we could use some of this kind of failure instead of supporting a health care system designed to enrich the drug and insurance business. Your concern about spending us into debt and bankruptcy is way late. Kind of like locking the barn door after the horses have run away. What were you saying over the last 20 years as Republican presidents rang up about $8 trillion of our current $10 trillion debt? I suppose I will have to thank you for providing such wonderful examples of Republican/conservative hyperbole and distortions. They were exactly what I was writing about. Charles Chlysta III Ravenna Comments
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