Letters to the Editor

Your views in 200 words or less

DEBT: Fix gov’t spending, not JP Morgan

Letter by Matthew Philichi, Gig Harbor on May 15, 2012 at 10:20 am | 55 Comments »
May 15, 2012 1:22 pm

Last week, Jamie Dimon of JP Morgan announced that some trading errors that occurred at his company as a way to hedge the company’s portfolio resulted in a $2 billion dollar loss. Big government types like President Obama and the rest are now calling for investigation and more supervision.

Let’s see, JP Morgan is a public company. The loss is a lot of money, however, they will still earn money for their share holders for the first quarter.

Big government types like Obama have wasted money far faster. They have given us the $800 billion dollar stimulus bill, the multi-trillion dollar Obamacare law, and a history of nitwit ideas like the multi-trillion dollar “war on Poverty.” Their silly ideas have put our nation into an insurmountable debt time bomb. They have turned our nation from a country of workers into a nation of loafers waiting for their next government check.

When do we get this investigation? Where is the call for supervision of liberals spending money?

Perhaps Ronald Reagan was correct. “Government is not the solution to our problems. Government is the problem.”

Leave JP Morgan alone. Let’s fix government.

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