LETTERS: Consumers deserve another stimulus check - Opinion

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Oct. 02, 2008
Copyright © Las Vegas Review-Journal

LETTERS: Consumers deserve another stimulus check

To the editor:

People had mixed reactions to Congress' first economic stimulus package. The result was an increase in consumer spending over a few months and then back to decreased spending. Overall, I believe it was a success because it stirred up a bit of spending.

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I think now is the time for Stimulus Two -- not quite right away, but before the holiday season. With the credit crisis looming, consumers don't have money to spend on gifts and travel. Another stimulus package would not only stir up spending, but also increase saving. Consumers would take stimulus money and spend it throughout the holiday season, purchasing plane tickets, hotels, rental cars, gifts, food and more. The retail and travel sectors would benefit significantly.

At the same time, many consumers would save the stimulus check for a rainy day. If the stimulus check is placed into a long-term savings account, the money will be available for banks to use for loans. In conjunction with the Stimulus Two plan, funds should be available to banks to use for loans that are backed by the United States government at low interest rates.

By combining the two options, consumers get the money they need to spend for the holiday season; savings will increase; and banks will have money coming in from deposits and low-interest loans from the federal government.

It's time to attack the economic crisis from more than one angle: the banks at the top and the consumer at the bottom.

Amir Hamza

HENDERSON

Talking points

To the editor:

The latest talking points from this financial quagmire hold that our political leaders have failed to lead and do their jobs in one of our country's most dire moments.

This is on the airwaves and in the newspapers everywhere. Isn't that an oxymoron?

Ignorant people are repeating these lines because there are some politicians who will not fall in line and pass the Bush bailout. How is following this legion of fools construed as being a "leader" and "doing your job."

Isn't that the exact opposite?

John Aarness

LAS VEGAS

Reform first

To the editor:

Unlike our Congress, I want to come straight to the point: I oppose any and all bailouts of the banking community and mortgage lenders.

First, I want to see Congress reverse all laws that now exist that require lenders, under threat of penalty, to lend money to unqualified borrowers.

Then and only then will I be willing to help any of these institutions.

The taxpayers deserve better than we are currently getting. This nation has survived, very nicely, previous downturns in our housing industry, and we will survive again without being forced to put our hard-earned tax dollars into someone else's pocket.

Bob Dubin

LAS VEGAS

Not funny

To the editor:

Finally, someone who has the courage to tell it as it is regarding Republican vice presidential nominee Sarah Palin. Kudos and thanks to Review-Journal columnist Erin Neff for getting to the unfortunate truths about Gov. Palin ("It's just wrong," Tuesday) which her party has tried so energetically to shield from us.

"Saturday Night Live" may be making entertainment hay out of the recent Katie Couric interviews, but like most good, effective humor, truth is at the heart of what is being made fun of, and Gov. Palin's smiling, one-dimensional approach to the complexities of modern society and our country's role in that society, are reasons for serious concern, as she is two steps away from the presidency.

John Esperian

LAS VEGAS

Red herring

To the editor:

In her Tuesday column, the Review-Journal's Erin Neff incites the bandwagon of Sarah Palin haters with the ridiculous assertion that because she didn't answer a follow-up question, she is not fit to be vice president.

Oh, the horror -- a politician who skirts an issue? Are you kidding me? Politicians do this every day. Ms. Neff acts as if this has never been done. I propose she turn her TV on and watch CNN or Fox News and tell us how many politicians evade questions asked by reporters. Trust me, she will find a boatload of unqualified politicians if that is the standard she has set.

Democrats screwed up when they chose Sen. Joe Biden over Sen. Hillary Clinton for the vice presidential spot, and now they are scrambling to fix that error by trying to disparage Gov. Palin. It is a red herring.

Tracy Brigida

LAS VEGAS

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Please enter your name Name: Please enter your email Email: Please enter a comment COMMENTS : (word count limit is 300) You have reached the maximum number of words allowed Current Word Count: Note: Comments made by reporters and editors of the Las Vegas Review-Journal are presented with a yellow background. Sad Summerlin wrote on October 02, 2008 08:37 PM: Shocking the amount of pork in this stimulus plan on both sides... This smells gross. Look at some of the pork below.... THIS WAS SUPPOSED TO BE AN EMERGENCY FINANCIAL BAILOUT AND LOOK WHAT GOT ATTACHED!!!!!! Provisions related to film and television productions: In order to keep movie production in the U.S., production companies would be allowed to deduct the cost of producing the films from their taxes. Rep. Diane Watson, D-California, has been one of the program's biggest supporters. The measure would cost taxpayers $478 million over 10 years. "This proposal would exempt from the excise tax any shaft consisting of all natural wood with no laminations or artificial means to enhance the spine of the shaft used in the manufacture of an arrow that measures 5/16 of an inch or less and is unsuited for use with a bow with a peak draw weight of 30 pounds or more," Extension and modification of duty suspension on wool products, wool research fund and wool duty refunds: The measure helps U.S. worsted wool fabric makers and clothing manufacturers. The bill extends provisions through 2014 or 2015 that were originally sponsored by Reps. Louise Slaughter, D-New York, and Melissa Bean, D-Illinois, in 2007. The measure would cost taxpayers $148 million. Extension of economic development credit for American Samoa: The measure would extend for two years provisions meant to help economic development in the U.S. territory of American Samoa. The measure would cost taxpayers $33 million. Transportation fringe benefit to bicycle commuters: The measure would allow employers to provide benefits to employees who commute to work via bicycle, such as help purchasing and maintaining a bicycle. The measure would cost taxpayers $10 million. RHG wrote on October 02, 2008 06:40 PM: "Saturday Night Live" may be making entertainment hay out of the recent Katie Couric interviews, but like most good, effective humor, truth is at the heart of what is being made fun of, and Gov. Palin's smiling, one-dimensional approach to the complexities of modern society and our country's role in that society, are reasons for serious concern, as she is two steps away from the presidency. ---------------------- Glad see John that you get your "news" from a reputable source like SNL. dennis1944 wrote on October 02, 2008 04:35 PM: Easy to pick on a woman huh? Godd**mn cowards! By the way, who paid for the Messiah's college etc. We are being set up! Thanks "As your President". You got it exactly right. Brian wrote on October 02, 2008 02:45 PM: Poor Helen, so stupid Loser Professor wrote on October 02, 2008 02:07 PM: John Esperian, are you the same fool who has submitted letters to the RJ lauding how great Cuba is under the Castro Brothers? I'll take life under Palin rather than Castro. Palin supporters do not have to spray themselves with shark repellent if they want to "travel abroad." As your President wrote on October 02, 2008 01:16 PM: I will swiftly yet compassionately: 1. Limit welfare to truly disabled, saving billions of dollars. 2. Limit sec. 8 to apartments and for 1 year, saving billions. 3. Repeal the Community Reinvestment ("redistribution") Act, saving billions. 4. Ban the Congressional Black Caucus 5. Ban Affirmative Action (anti-white male) Programs. 6. Ban mortgage "entitlement" groups like Acorn and Naca. Rates are based on Risk. Homes are not for everyone. 7. Deport Illegal Aliens, saving billions. 8. Require parents pay $500-1,000/yr for child's education, which should not be free, and to help teachers and taxpayers. 9. Not Bailout loser banks, and restrict or ban 100% financing on real estate. Americans need to Save. A debtor nation is not a strong nation. 10. Ban Bailouts (handouts, welfare, amnesty, affirmative action) for Minorities since the 70s, for Illegals since the 90s, and Indian Reservations since 20s? This will return character to our soiciey. An "entitlement" nation is not a strong nation. Sincerely, Your President Virga wrote on October 02, 2008 01:13 PM: If it seems to good yo be true ----. The Government gives me $300.00. A few months later puts me in debt for $10,000.00. Where else can you get that kind of help? WOLF! WOLF! Remember to vote. rmolnar wrote on October 02, 2008 12:20 PM: I invested my $300.00 stimulus check at the craps table at the El Cortez. I colored out $460.00. Stupid government checks are good. SpEd Teacher wrote on October 02, 2008 12:08 PM: I can't believe it, there is a time that HelenWeils and I agree. I better put this on my date book. Oh, by the way, Go McCain/ Palin HELENWEILS wrote on October 02, 2008 11:56 AM: Erin Neff is a stupid liberal dweeb who couldn't earn a living if the RJ didn't take pity on her and give her a job. Kick her to the curb! Read All Comments