November 23, 2024
Letter

Bailout takes the cake

Of all the projects to come out of an imprudent administration, the $700 billion bailout takes the cake. It would exhaust the nation’s credit for a pile of questionable loans.

The nation has far more pressing needs to address, neglected for years in energy and transportation.

The great danger in a federal bankruptcy – the product of huge deficits and bailouts. As long as we need foreign oil, we need to protect the nation’s credit.

Rejecting the buyout would have sent a vote of confidence to Wall Street in its ability to recover on its own – and it would emerge from the present turmoil the stronger.

Once voice of reason in Congress would bring this exorbitant buy-up down.

Rick Beckjord

Sullivan


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