Letters to the Editor -- October 16, 2008

Published on Thu, Oct 16, 2008
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Letters to the Editor

The Editor:
Seventy years ago come the last day of this month, Orson Wells either intentionally or unintentionally, demonstrated the ability of broadcast media to cause panic among the American people. Over the years, many people have forgotten the lessons learned at that time. While the original Well’s broadcast (War of the Worlds) was based on a work of fiction, current economic events have been based on the fantasy world of an extremely incompetent presidential administration, beltway politicians and the home mortgage lenders.
Through improper word smithing and incoherent statements to the broadcast media and said media then unthinkingly adopting this same terminology, a major panic among a terrified public has once again set in.
The great panic of 2008 should be treated in the same manner as the Wells broadcast of 1938 and this time burned into the memory of the public and politicians for all future generations. To the broadcast media and members of the U.S. government, a simple statement: “Congratulations boys and girls, you did it again.” However, unlike Orson Wells and the War of Worlds Halloween broadcast which primarily affected only the people of North America, this time you took in the entire world.
Richard L. Gusky
Blaine

The Editor: 
McCain/Palin plan to “get the government out of our lives.” This was Republican creed for decades, but it’s now an obviously failed ideology. That logic caused our comptroller of the currency not to prevent banks from making profitable loans to people they knew could not afford the interest payments.
That philosophy caused our Securities Exchange Commission not to prevent investment banks from packaging known bad loans, selling them to an unsuspecting public worldwide generating windfall profits. The Department of Energy had no energy policy while oil company’s racked-up record profits at consumer’s expense. The Department of Justice’s Anti-Trust Division stood by while financial services and oil companies bought out their competition creating powerful oligopolies with high-paid lobbyists to dominate government and keep it “out of our lives.” The Environmental Protection Agency was gutted from inside preventing any restraints on exploitation of our land not just our people. According to our Republican president the entire financial system and economy is now in peril and at risk of collapse.
The Republican has always been the political party of the large corporation and the wealthy. Record-breaking corporate bankruptcies and the $900-billion dollar taxpayer-funded bail-out prove that the Republican “free-market” rhetoric was totally hypocritical.
Our country’s financial and economic problems are serious and structural in nature. An entire generation of Americans could begin reaching age 65 without sufficient assets to sustain their retirement years. Make no mistake; devaluation of homes, financial securities and pension funds was caused by deliberate elimination of government regulation, repeal of the Great Depression-era legal separation of commercial from investment banking, for example, or the prohibition on investment banks becoming public companies.
Our complex problems such as the insolvency of social security, medicare and medicaid cannot possibly be solved without strong federal government leadership focused directly on the lives of those payment recipients, which is most of us.
The Democratic party is definitely the political party of the middle-class whose future now clearly depends on fixing our entire financial and healthcare regulatory framework. Don’t trust corporations that created this mess, use intelligent, informed government to make the necessary changes, vote Democrat.
Lincoln Rutter
Blaine

Letters Policy
The Northern Light welcomes letters to the editor; however, the opinions expressed are not those of the editor. Letters must include name, address and daytime telephone number for verification. Letters must not exceed 350 words and may be edited or rejected for reasons of legality, length and good taste. Thank-you letters should be limited to 10 names. A fresh viewpoint on matters of general interest to local readers will increase the likelihood of publication. Writers should avoid personal invective. Unsigned letters will not be accepted for publication. Requests for withholding names will be considered on an individual basis. Only one letter per month from an individual correspondent will be published.

Please send your letter to:
225 Marine Drive, Blaine, WA 98230, fax 360/332-2777 or
E-mail:editor@thenorthernlight.com

Letters Policy

The Northern Light welcomes letters to the editor; however, the opinions expressed are not those of the editor. Letters must include name, address and daytime telephone number for verification. Letters must not exceed 350 words and may be edited or rejected for reasons of legality, length and good taste. Thank you letters are limited to five individuals or groups. A fresh viewpoint on matters of general interest to local readers will increase the likelihood of publication. Writers should avoid personal invective. Unsigned letters will not be accepted for publication. Requests for withholding names will be considered on an individual basis. Only one letter per month from an individual correspondent will be published.

Please email letters to letters@thenorthernlight.com