Pinthouse Pizza
Greed And Criminality
RECEIVED Thu., Sept. 25, 2008
Dear Editor,
In regards to the proposed $700 billion bailout with no oversight or actual limits for Wall Street banks and investment firms and such, I say oppose this proposal!
The difficulties faced by these various organizations and individuals are the effect of their own cause, i.e. greed and criminality.
Imagine what the proposed Wall Street giveaway/bailout funds would do if directed toward rebuilding America's infrastructure, such as dilapidated roads or bridges or disaster-stricken areas such as New Orleans, Galveston, and the hurricane-devastated Gulf Coast. Or, improving the quality of education in American schools or strengthening our health-care system. What effect would $700 billion have on the solvency of Social Security, which many of us U.S. citizens have paid into and rely on in our senior years? What effect would that kind of expenditure have on investing in and incentivizing to bring online alternative/imperative forms of energy such as solar, wind, geothermal, and more. At the very least, spending $700 billion on public works projects would create jobs plus income for many Americans who could then afford to pay their mortgages, start new businesses, send their kids to college, and so on.
Giving the money to bailout superrich bankers and investment firms who have brought this dilemma on themselves will only help further fatten the pockets of theses same superrich bankers and investment firms at the expense of American citizens and the American way of life.
In regards to the proposed $700 billion bailout with no oversight or actual limits for Wall Street banks and investment firms and such, I say oppose this proposal!
The difficulties faced by these various organizations and individuals are the effect of their own cause, i.e. greed and criminality.
Imagine what the proposed Wall Street giveaway/bailout funds would do if directed toward rebuilding America's infrastructure, such as dilapidated roads or bridges or disaster-stricken areas such as New Orleans, Galveston, and the hurricane-devastated Gulf Coast. Or, improving the quality of education in American schools or strengthening our health-care system. What effect would $700 billion have on the solvency of Social Security, which many of us U.S. citizens have paid into and rely on in our senior years? What effect would that kind of expenditure have on investing in and incentivizing to bring online alternative/imperative forms of energy such as solar, wind, geothermal, and more. At the very least, spending $700 billion on public works projects would create jobs plus income for many Americans who could then afford to pay their mortgages, start new businesses, send their kids to college, and so on.
Giving the money to bailout superrich bankers and investment firms who have brought this dilemma on themselves will only help further fatten the pockets of theses same superrich bankers and investment firms at the expense of American citizens and the American way of life.
Joseph A. Villegan Jr.