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Northwest Voices

Seattle Times letters to the editor

Category: Federal bailouts
March 16, 2009 at 2:24 PM

AIG bonuses and living beyond means

Our “stimulating” economy The value of work In one more story of gloom regarding the American economy, we learn that seven executives of AIG are “entitled” to more than $3 million in bonuses that the company argues that it must uphold in order to “attract the best and the brightest talent” to their company [“AIG Bonuses: $165…

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Comments | More in Economy, Federal bailouts, Recession, Washington Legislature

March 9, 2009 at 4:00 PM

Federal stimulus and tax plans

Stephen Crowley/The New York Times President Obama meets with Sen. Sherrod Brown, D-Ohio, and Rep. Zack Space, D-Ohio, in his office aboard Air Force One on Friday. The president was joined on a trip to Ohio by members of that state’s Congressional delegation. Liberal idealism destroying capital creation Editor, The Times: Froma Harrop, in her March 7 column, “Obama…

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Comments | More in Barack Obama administration, Economic stimulus bills, Federal bailouts

March 5, 2009 at 11:43 AM

Federal economic-recovery package

Wheat farmers’ survival plan — a stimulated, socialized survival plan Editor, The Times: Farmers were left out of the stimulus plan — with good reason. We are already controlled, regulated, socialized, taxed and broke, and have been so since 1974. We farmers have heard how squeamish people feel about the stimulus act of 2009. Too much expense, government…

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Comments | More in Economic stimulus bills, Federal bailouts

March 4, 2009 at 9:01 PM

Banks and the economy

Capitalizing their profits, socializing their losses This is a really basic issue. If I make a bad business decision, I must personally bear the consequence. Why are we allowing the banking industry to capitalize their profits and socialize their losses? If we are willing to save the banks from their incredibly poor management, should we not demand…

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March 2, 2009 at 4:57 PM

Bankruptcy laws

Preventing vacant homes and homelessness Why some members of Congress are still bowing down to the banks and lenders that caused this economic mess is beyond me. One simple change in bankruptcy laws to allow a judge to modify a primary-home loan, as a judge can now do on vacation homes and apartments makes sense. It would allow…

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February 25, 2009 at 2:26 PM

National stimulus plan

Falling sky in sight for the unemployed The Associated Press People looks for jobs in front of computer screens at the California Employment Development Department in Sunnyvale, Calif., last month. Editor, The Times: It is a scary and ominous time. We have been scared by our esteemed and inexperienced commander in chief, hoping the sky isn’t falling. But,…

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February 25, 2009 at 2:21 PM

Mortgage bailout

City papers split on public sentiment After comparing the headlines in the Feb. 24 paper regarding the confidence in Obama’s plan to get us out of this financial crisis, I was surprised by the negativity of The Seattle Times. The Seattle Post Intelligencer’s article, “Public strongly backs Obama,” and the Times’ “Bailout frenzy triggers backlash” [page…

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February 22, 2009 at 5:20 PM

Corporate bailouts

Let them fail I am writing in response to your article regarding the additional bailout money General Motors is requesting from us, the taxpayers [“Auto-bailout tab jumps to $39 billion,” Times, News, Feb. 18]. My question is: Does this ever end? These constant, frequent bailouts are a never-ending trend that is becoming all too familiar with private companies….

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February 14, 2009 at 9:00 AM

American credit

Buying inexpensive ropes Vladimir Lenin is reported to have once said, “The capitalists will sell us the rope with which we will hang them.” Eighty-some years later it looks like Comrade Lenin was nearly correct. But, instead of selling the rope with which to hang ourselves, it appears we have bought so many inexpensive ropes on credit…

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Comments | More in Federal bailouts, Politics, Wall Street bailout

February 10, 2009 at 4:00 PM

Capping CEO compensation

A potentially dangerous precedent President Obama’s decree to cap certain CEOs’ compensation will no doubt be another popular, “feel good” move for many. However, maybe we should ask ourselves if it doesn’t set a potentially dangerous precedent. The government doesn’t have a sparkling track record for efficiently managing its own affairs. Yet it’s now posed to make…

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Comments | More in Barack Obama administration, Federal bailouts, Recession

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