Letters to the Editor

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ECONOMY: Davis prescription is suicidal

Letter by William F. Johnston, Tacoma on Oct. 5, 2011 at 12:43 pm | 3 Comments »
October 5, 2011 2:02 pm

Re: “Recovery demands a better climate for business” (Richard Davis column, 10-5).

Davis does it again. Citing highly suspect sources – the “latest triennial survey of corporate executives” – Davis states that Washington is not as competitive as the Third World states of Texas, North Carolina, South Carolina and Tennessee. And surprise, surprise: They are all anti-union “right-to-work” for less states.

No doubt theses “executives” were part of the cabal that got us into the economic mess we are currently in and participated in the corrupt and incompetent business frenzy that took place between 2001 and 2008 – a corrupt, unregulated frenzy Davis advocates we return to in his article.

Get rid of taxes and regulations on business, and make more budget cuts and layoffs – everything that was happening in the years leading up to the “Great Recession.” Yeah, we need more of that.

One thing and one thing only is going to get us out of the economic mess we are in: jobs. We have an economy that runs on average people buying things. Business is not hiring or selling things because millions have no jobs and economic fear is causing the rest of us to hold on to our savings and not spend on anything.

And Davis says the solution is cut budgets and more jobs? How absurd can you get? That is economic suicide, plain and simple.

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