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 Category: All > Health Care BasicsLoose Political Lips Can Sink Our EconomyMarch, 28 2008
Letter to the Editor of The Wall Street Journal Your March 17 editorial "The Buck Stops Where?" about the dangers of a weak dollar was right on point, emphasizing the need for the Fed to restore its credibility. But a weak dollar alone would not be putting us on the verge of a world-wide financial crisis. It would take much more than a weak dollar and the sub-prime mortgage collapse to shake confidence in an economy as strong as the United States is. Unfortunately, other forces are at play that could lead to just such a crisis, including: 1) Continual talk by Sens. Hillary Clinton and Barack Obama about huge future tax increases, including the expiration of President Bush's income and capital gains tax cuts; 2) The anti-immigration sentiment that could severely constrain the future labor pool; and 3) The erosion of our leadership in the investment world because of the insidious impact of Sarbanes-Oxley. Investors do look to the future, and taken together, these and other bad policy decisions could indeed undermine even the strongest economy in the world. It's time for political leaders to wake up and understand the damage caused by these anti-growth policies. Grace-Marie Turner CommentsMatthew Heath from Birmingham Alabama at 04/17/2008 12:04:15I think that it is great that you think Grace Marie is out of touch with the average American but you somehow assume you know what all Americans are thinking and/or dealing with. No one can assume what the average American thinks unless that person has talked to the averge American. And, since there is no way to talk with all Americans and no one can be considered average then you clearly do not know what you are talking about. It is quite an assumption to assume that somehow you have been enlightened to the point of knowing what some 300 million people are dealing with or thinking.Add Comment |
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anonymous at 04/14/2008 19:04:56
If you think that POSSIBLE future taxes weigh more heavily on the average americans mind than the depreciation of the value of his/her home, then you have lost touch with the average american.