Chester Bealles – 12/13/09
This page was last updated on December 14,
2009. Look around to see what we’ve become; Chester Bealles; Beaver County Times; December 13, 2009. Below is a detailed critique of the subject letter. “How is it that in this world where there are hungry, abused children? Where the economy has gone to hell because of the greed and thievery of some of the top financial corporations? Where many of our major manufacturing companies are seeking bailouts, laying off people, curtailing production?”
[RWC] Mr. Bealles seems to forget the subprime
meltdown, the cause of our current economic mess, was caused by government
policies and entities (Fannie Mae and Freddie Mac) that encouraged lenders
to make loans to people who could not repay the loans. Further, if the
government felt a lender didn’t make enough of these unwise loans, the
government threatened legal action. Financial businesses that made
these loans should have stood up to the government and said “no,” but to put
the primary blame on them is wrong. “How is it that the media is giving so much coverage to the foibles of Tiger Woods? “God, we have become a callous, shallow people.”
[RWC] I guess Mr. Bealles wants us to wallow in
misery. If Mr. Bealles would check his history, he would see that no
matter how bad things get (The Great Depression and World War II are
examples.) we always have - and probably need - our temporary diversions.
It’s not about being “a callous, shallow people;” it’s about maintaining
sanity and not allowing us to feel sorry for ourselves. © 2004-2009 Robert W. Cox, all rights reserved. |