The following letters are in response to our article, Stiglitz: U.S. Economy Will Falter without More Stimulus, which appeared last week:
Dear Editor,
I appreciate the different views and opinions that your forum presents. In this case, Professor Stiglitz's ideas are bugnuts. He proposes sending MORE tax-payer dollars to the states that have been the most reckless with their budgets - states with massive, bloated public retiree pensions and the like. No thanks, professor. It’s nothing personal, but I sincerely do NOT want my tax dollars going towards an $80,000-a-year pension for a retired sheriff or department of motor vehicles manager. Of course, being a good socialist econ professor at the People's University of Columbia, I would expect nothing less from this Keynesian goof-ball.
Kevin Wells
Wells Financial Group LLC
Walnut Creek, CA
Dear Editor,
In regard to the causes of the financial crisis, Stiglitz claims there is “plenty of blame to go around…” If so, why does he fail to mention of the dual roles of the repeal of Glass-Steagall and our elected officials who put the pressure on the banks to lend the money in the first place? (Thank you Maxine Waters [D-CA] and Barney Frank [D-MA])
Don’t kid yourself: history proves central planning does not work, and our economy will not return to a true growth trajectory until the government stimulus is out of the system.
Sincerely,
Geoff Peterson
Lakeshore Insurance Services
