Letter to the Editor of the Westfield Republican
Politically, the substance of fact is being sacrificed to the intuitive power of emotion. For example, Vice President (Joe) Biden's speech before a largely black audience in which he said that Mitt Romney "will put y'all back in chains" by deregulating Wall Street and a television ad aired on Thursday, Aug. 16 where Navy Seal Ben Smith emotionally stated, "Mr. President, you did not kill Osama Bin Laden, America did." Of course, these statements were aimed at the emotion of their audience, but copious comments by opposing voices on TV spin the facts to emotionally denigrate the actions of our President and Vice President. Through this confusion, the televised voice of a city mayor rings true in confirming that the lack of Wall Street regulation forced us into the depression of the 1930s and the recession of 2007. In 1999, at the request of our wealthiest and most powerful financial institutions, Congress passed legislation to weaken the Glass Segal Act and give financial institutions greater freedom. This good deed by Congress was rewarded by behavior on the part of the financial sector whose greed brought our economy to a state of collapse and we are again being led to another devastating failure of our financial system. The opposition to our current administration complains about the slowness of recovery. Of course financial recovery is slow when impeded by opposition in Congress and burdened by the excessive costs of the wars initiated by the opposing party's previous administration.
David R. Correll