COLEMAN'S MORTGAGE
Like America, he's been living beyond his means
Here's why Sen. Norm Coleman's home equity problem is newsworthy: It shows us exactly how we landed in our current predicament.
We loaned ourselves into a thriving economy. Trillions in home equity and credit cards, handed out by banks as fast as people could fill out the applications. Not just individuals, but small businesses and corporations as well. Now the bill is due.
Another important thing about Coleman's negative equity is that he is supposed to be representing conservatives, including fiscal conservatives. I think of elderly veterans in my neighborhood who own 100 percent of their small houses and pay for everything in cash. Is Norm Coleman their "man in Washington"?
JOSEPH CARUSO, MINNEAPOLIS
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I am not sure exactly what Ron Carey was trying to say or defend in his Counterpoint ("Paper's article on Coleman was shameful," Jan. 14), but having 12 mortgages in 14 years is called Living Beyond Your Means. Norm Coleman should be the poster boy for the mortgage crisis.
NATALIE BONFIG, MAPLEWOOD
U.S. AUTOMAKERS
This year, let them get out of Minnesota's way
This year's displays at the Detroit Auto Show highlight more fuel-efficient models ("The Detroit buzz: Going electric," Jan. 11). While heartening, the next step auto manufacturers should take is to drop their opposition to Minnesota taking the needed steps to protect our health, environment and economy.