Letter to the Editor: Bailing out Wall Street

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Tuesday morning, October 1, 2008, brought news from the rest of the world; they were mostly upset at the failure of the Untied States to pass the $700 billion bailout package.

This is interesting that now they want the United States to get involved to save their economies. As the lone superpower, you cannot win if you act like you are flaunting your power and, if you don’t, you are irresponsible.

My question is why is it the responsibility of the U.S. taxpayer to fix a global problem. If the American people did not want to bail out Wall Street’s failures, I am sure they do not want to bail out those of London, Beijing, or Berlin. We already bailed out AIG to the tune of $70 billion and no other country stepped up to help with their share of the cost.

This would be a great time for Europe or Asia to show leadership. Perhaps they can get involved and bail out the rest of the world. God knows for all their complaining about a nosey U.S. they would relish the chance at leading, and they can have the price and headaches that go with it.

Lance Harvell

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