The Hendricks County Flyer
Fri Oct 26, 2012, 02:55 PM EDT
To the Editor:
President Obama continues to blame all the problems with the economy on the Bush administration. And, some of it may be valid. But, as I understand it, the biggest problem was the bursting of the housing bubble.
It has been reported that it started back in the Clinton administration, trying to provide every family with the American dream of owning a home. So the banks were forced by the government to grant sub prime mortgages to people who could not afford to make their mortgage payments.
We have heard that during the Bush administration the president tried to get reform at Fannie May and Freddie Mac but Democrats Chris Dodd and Barnie Frank, who oversaw Freddie and Fannie, said everything was OK. Apparently, Dodd and Frank didn't want to interrupt the flow of contributions from Freddie and Fannie to them.
Mitt Romney has had several opportunities to correct Obama but he has instead stressed how the things the Obama administration has done have not helped the economy.
Obama stresses the fact that he saved the U.S. automakers, GM and Chrysler. Well, if the auto unions hadn't made such demands for benefits which GM management gave in to and approved, the auto industry would have remained more competitive with the foreign car makers.
But now that we're in a recession and have been for several years, how best can we get out of it? Some say more government spending and hiring more government workers is the solution. Others say lower taxes and less government regulation will create an environment for hiring more people in the private sector of business.
Let's hope that whoever gets elected in a few weeks will be able to put aside some of the dirty politics and work with congress to do what's best for the American citizens.
March 3, 2014
February 27, 2014
February 26, 2014
There was a wide array of reactions to Seattle DB Richard Sherman’s post-game “interview” with Erin Andrews following the Seahawks’ NFC title win over San Francisco.
Mine? Laughter, as the shout-down was the most entertaining thing I saw all day.
January 28, 2014
Butler is still a long way from saving its 2013-14 men’s basketball season, but if the Bulldogs turn it around fully and reach the NCAA Tournament, it will have started this past Saturday at Hinkle Fieldhouse.
January 21, 2014
A fine season for the Indianapolis Colts ended with a whimper Saturday at New England, but in recent team history, it was far from the most disappointing postseason defeat.
January 14, 2014
The Indianapolis Colts’ miraculous 45-44 wild card victory over Kansas City on Saturday ended just after 8 p.m. After leaving Lucas Oil Stadium, it took until around midnight for the pounding in my head to subside.
January 7, 2014
December 31, 2013
An NPR broadcast examines the question of how communities can better prepare for tornadoes like the one that struck Moore, Okla. on Monday. The broadcast features commentary from Michael Fitzgerald, who reported a five-part disaster series for the CNHI News Service.
May 22, 2013
Part I: Are We Prepared? | Part II: Disaster Dollars Part III: Lessons Learned | Part IV: Warning Signs Part V: The Big One
Sleep. Oh, to sleep. A good night's sleep is often a struggle for more than half of American adults. And for occasional insomnia, there are good reasons to avoid using medications, whether over-the-counter or prescription.
April 16, 2014
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Hendricks County Flyer, Avon, IN
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