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.
December 10, 2013
Indiana’s lopsided win in the Old Oaken Bucket game ended yet another disappointing season for those unfortunate enough to call themselves Hoosier Football fans. As a member of that tortured lot, the climactic victory over hapless, one-win Purdue offered little solace.
December 9, 2013
December 7, 2013
When I woke up Saturday morning, I gave a customary online scan of Friday’s sports, mainly for a recap of the Pacers’ home game against Milwaukee.
November 18, 2013
Most people recall where they were upon hearing significant news in their life, whether it was positive or negative. I remember where I was when I heard now-former Butler basketball coach Brad Stevens was going to the Boston Celtics.
November 12, 2013
Having gone to a football school in the heart of basketball country, I was never around soccer in my youth, and thus haven’t been a soccer guy in adulthood.
November 5, 2013
I hate to say it, but I'm afraid we've seen this before.
October 29, 2013
There have been a lot of big games played in Indianapolis, none bigger than the Colts' unforgettable win over New England in the AFC championship seven years ago.
While next Monday's visit from Peyton Manning and the Denver Broncos won't eclipse that monumental event, there is no doubt that the city has never and will never experience another night like No. 18's return.
October 17, 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
A change in diet quickly alters the types of bacteria living in the human gut, a finding that suggests this rapid adaptability to different foods can be used to control illnesses tied to stomach microbes, researchers said.
December 11, 2013
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Hendricks County Flyer, Avon, IN
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