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In response to:

Dear Democrats, You Lost My Mom

John C6 Wrote: Nov 08, 2014 6:37 PM
Gentle Readers, Dear Mr. Deace, Excellent column, Sir. May I add: If you are a Conservative and a Republican, as I am, you should support an increase in the minimum wage as an alternative to increased welfare spending by the government. The minimum wage isn't what is holding back job creating in the U.S. Read Prof. Morici's columns. They're archived here at TOWNHALL. Job losses and unemployment are the result of oil imports, a gutless trade policy with China and Japan and a system of higher education that doesn't prepare graduates for the job market leaving skilled jobs unfilled. On the Left, we get silly policies like putting solar panels on the White House, which does nothing at all to reduce oil imports. We need to open up our oil production in this country. Like it or not, we all use oil, just like every other country in the entire world. We should produce our own instead of importing it. On the Right, we get silly pronouncements about Free Trade, which ignores the reality of OPEC, which controls the worlds oil markets and the simple fact that China is run by the Communist Party. Free Trade is anathema to Communism. There is no Free Trade in, or with, China, and won't be for so long as the Communists are in power. Free Trade has been a successful policy with the notable exceptions of Japan, China and OPEC. Common Sense dictates we address those three exceptions to the otherwise successful policy and we demand our schools train students for the real world. Sincerely, John Lepant Brighton CO
Gentle Readers, Dear Prof. Morici, With all due respect, Sir, the Germans and Dutch don't have an unpoliced border with Mexico. Comparing a homogenous population such as exists in Japan, Germany or Denmark to the highly diverse population in the U.S. is a mistake. Sincerely, John Lepant Brighton CO
Gentle Readers, Dear Mr. Sorrentino, You, Sir, have not the slightest idea what you writing about here. OPEC determines the price and available quantity of oil, not the Federal Reserve. Blaming the Federal Reserve for everything is silly and irrational, at best. Sincerely, John Lepant Brighton CO
Gentle Readers, Dear Mr. Calabria, Thank you, Sir! May I add; Lehman went bankrupt with about $620 billion in liabilities and $640 billion in assets. They simply didn't need a bailout - their insiders and managers wanted a bailout so they could gain personally. They had abandoned their responsiblities to the workers, shareholders and creditors. It was shameful conduct. Kindest Regards, John Lepant Brighton CO
Gentle Readers, Dear Mr. Sorrentino, Baloney! Every single penny the Pentagon spends is already been or is being audited. You're repeating propoganda from the Progressive-Socialist/ Libertarian political axis. Libertarians need reality therapy. Sincerely, John Lepant Brighton CO
In response to:

The Post Obama Recovery Begins Here

John C6 Wrote: Sep 13, 2014 7:14 PM
Where??
Dear Mr. Hawkins, Excellent column, Sir, but a small point of digression: In A CHRISTMAS CAROL, Scrooge wasn't vilified for being a successful businessman, he was presented as a pitiable recluse and miser. The deaths of his sister and business partner caused him to avoid becoming close to other people and thus led him to become indifferent to others, not hateful or rapacious. Dickens makes the point that the opposite of love isn't hate, it's indifference. Kindest Regards, John Lepant Brighton CO ps: Asking interns to work for nothing is silly. Even Scrooge paid wages. - John
In response to:

Remembering the Spring of 2009

John C6 Wrote: Sep 13, 2014 1:50 PM
Gentle Readrs, Dear Mr. Gunderson, The trouble with TARP is that the government borrowed $700 billion to purchase so-called ' troubled assets ' , but when it went into the markets to purchase those assets, they only were offered $90 billion in the so-called ' troubled ' bonds. That left the government with $610 billion and nothing to do with it. The ' troubled asset ' crisis never existed. Some people purchased bonds for $10,000 that declined in price to $9500. That happens in the securities markets every day. How does that require any kind of intervention? They were still getting their interest payments. There was no bond default. The $700 billion the government borrowed to finance TARP was taken out of the markets. Had that capital been left in the markets instead of being borrowed, it wouldn't have evaporated. It would have been allocated far better by the private sector. Instead, the $610 billion was used to finance a ' capital injection ' into the Banking System against the wishes of the Banks themselves and was used to finance the GM & Chrysler bailouts. The ' capital injection ' was a $550 billion dollar forced investment into private banks which came with a raft of new rules and regulations which impeded their ability to serve their clients and thus harmed the economic recovery. GM would have recovered far better in an ordinary bankruptcy with far fewer job losses. Specifically, profitable dealerships were closed and plants and facilities that had local unions willing to make minor concessions would have been kept operating in an ordinary bankruptcy. The NUMMI Plant is one example. Literally tens of thousands of people were put out of work by the highly politicized auto bailout who would have been able to keep their jobs in an ordinary bankruptcy. TARP did far more harm than good. The economy still hasn't fully recovered from the many well-intended but poorly considered economic interventions. Sincerely, John Lepant Brighton CO
In response to:

Just War Theory and ISIS

John C6 Wrote: Sep 13, 2014 12:35 PM
' Constitution '. My bad.
In response to:

Just War Theory and ISIS

John C6 Wrote: Sep 13, 2014 12:33 PM
Gentle Readers, Please also notice that the U.S. fought a naval war with France from 1798 - 1800 without a Declaration of War, and various conflicts with native Americans . When the British were raiding American ships at sea we built the Erie Canal to provide a secure route for commerce, purchased Louisiana to secure the Western frontier and access to New Orleans and control of the Mississippi River and fought French and Spanish privateers. All of this was done without a Declaration of War. The Constitution provides broad powers to the Federal Government to provide for the Common Defense. Our Founding Fathers wrote the Contitution to provide those powers and used them. It's peculiar today to see people denying these obvious historical facts. Sincerely, John Lepant Brighton CO
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