Web Letters | The Nation

Web Letter

Mr. Scheer captures America's angst perfectly. I, myself, have not been enamored by Mr. Obama.

What did catch my attention was that the second $350 billion was quickly increased to a $ 1,500 billion price tag before the hearings and subsequently has been raised yet again to... $3,000 billion. All of this took place within three days! Unfortunately, experts predict it will end up around $5,000 billion before all is said and done.

For "the people" we get $800 billion, but 40 percent is tax cuts that won't really stimulate. No real aid for cities and states, the folks who are on the ground doing the grunt work. The stimulus is packaged for a just-enough-to-fail and not-enough-to-succeed scenario... They are already talking about Stimulus II. Good luck with that.

Michael McKinlay

Hercules, CA

Feb 11 2009 - 7:58pm

Web Letter

President Obama is a bright and analytical person. He understands logical consistency. Sooner or later he will understand that one has to hold by very clear principles or one will be destroyed by others who will game the system. Financial institutions have been gaming the system for years and now know no other way to be. I hope he figures this out very soon.

Paul Kobulnicky

Poland, OH

Feb 11 2009 - 4:57pm

Web Letter

The problem was primarily in rushing into action, when what was needed was soberly planning and thinking it through. I would be much happier if these trillions of dollars of debt (and who would buy it, anyhow?) had another year or two of debate. I was always taught that one of the basc markers of a con man's pitch is to hear "hurry, hurry" and "you can't afford to wait."

John D. Froelich

Upper Darby , PA

Feb 11 2009 - 2:53pm