Opinion: In Tuesday’s Letters to the editor
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The $700 billion Wall Street bailout headlines Letters to the editor today. For the most part, readers are alarmed by the proposal. Writes Jessica Hall, of Echo Park:
So economists want to re-inflate home values. Wasn’t part of the problem that home prices were too high for the average person to make payments? As far as I can tell, home prices need to drop further. Things are askew if regular people can’t achieve a minimum level of security while executives have bonuses, bailouts and no pesonal responsibility for their investment decisions. Home prices are really just the tip of the iceberg.
And Darrell Manderscheid, of Fountain Valley, puts $700,000,000,000 in perspective:
If a printer could crank out a $100 bill every second, it could print $1 million in less than three hours. The same printer working 24 hours a day would have to work more than 220 years to print $700 billion.
Letters about an editorial on snowmobiles in Yellowstone, an Op-Ed on the two-thirds requirement to approve a budget (or increase taxes) in California, and a story on community organizers, too.
*Ten-dollar bills photographed by Alex Wong/Getty Images.