WELCOME TO OBAMA'S WORLD
Make a financial mess and walk away scot-free
With Treasury Secretary Timothy Geithner's new proposal to buy up bad assets, the Obama administration has thrown its lot in with the very people who created the economic meltdown. Essentially it is socializing the debt and privatizing the profits.
The proposal is simply a rehash of what was termed "cash for trash" that the Bush administration first proposed under Treasury Secretary Henry Paulson. We, the taxpayers, heretofore known as chumps, will bear all of the risk, but the rewards will go to the Wall Street players and hedge fund tycoons who share the blame for this mess. An investment scheme with essentially no risk. It is for this very reason that we saw the stock markets rally after hearing the news of Geithner's plan. Is this a great country or what? You create a problem and then you are paid to try and fix it, but if you can't fix it you walk away scot-free. Corporate capitalism is alive and well in the Obama White House.
PATRICK O'CONNOR, MINNEAPOLIS
GET TO WORK IN ST. PAUL
Straight talk for Minnesota lawmakers
It never ceases to amaze me. We have a state deficit to deal with and all we get from our elected officials are sound bites, tidbits and gobbledygook.
Democrats, like it or not, you have to come back into the real world. We have a deficit, our economy is in the dumpster and people of all income brackets are hurting. Do these facts add up to tax increases? Cut a bit from all state-funded programs -- it's the only thing that makes sense.
Republicans, get serious about working with the Democrats on a real solution to this problem. Quit squabbling over ideals and put the needs of the people in this state ahead of your own political interests.
To the general public who favors a tax increase: Get a job. I'm tired of Health & Human Services, Education (aka the teachers unions), etc., crying because they aren't getting enough funding. You are getting plenty -- use the money more wisely.
It's time for our leaders to act like leaders and set an example for the rest of us. Quit acting like 6-year-olds who are fighting over toys in the toy box.