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Opinion

Barrett wants us to pay three times over


web posted October 2, 2008
Dear Editor,
We know the situation:  we feel it every day. The failed policies of Bush and Barrett sent American jobs overseas and built a housing boom on the shoulders of individual debt. The mortgage bust sent the dollar reeling; the cost of oil skyrocketed.  People pull up to the pumps and pay more than $4.00 per gallon.  Food prices put everyone in shock.  People are paying even more for this crisis with personal credit card debt and excessive mortgage debt. 

Combine this with a decrease in buying power and increase in productivity.  Working Americans worked harder and suffered as Wall Street grew wealthy off of workers’ sweat equity. While financiers enjoy riches, many Americans worry about keeping their jobs, paying their mortgage and praying that no one in their family has a health care crisis.

The financial mess has been multiplied by an ongoing war costing the taxpayers over $100 billion per year.  On top of this, Barrett voted to give Big Oil $13 billion in tax credits, allowed drug companies to set their own prices with Medicare, and cut taxes for the richest Americans. Now, we are facing a $10 trillion dollar debt ($9,889,199,531,449.08 as of 9/26/08, according to US Treasury Department).  Americans are not only paying their own personal debt but will be leaving their children and grandchildren a huge national debt to pay for in years to come.

When regulations were suspended on the banking, mortgage and insurance industries, Americans were set up for disaster.  The Bush administration, with the support of representatives like Barrett, has turned a blind eye, all in the name of free markets and no regulation. 

The results are a potentially frozen economy that means lost jobs and no money to buy houses, purchase cars or send our kids to college.  This never should have happened.  Government has a responsibility for oversight and reasonable regulations to safeguard working Americans against the huge negative impacts of a financial meltdown. 

This mess is a direct result of the Bush/Barrett beliefs in an unobstructed free market.  Taxpayers have seen the results: an obscenely wealthy Wall Street and American workers who end up paying three times over.  First through personal debt, then the outrageous national debt, and finally through the costs of a financial meltdown which never should have been. 

This November, voters in the Third Congressional District have a very clear choice.  They can choose to stay on this destructive course or they can choose real leadership.  We need a congresswoman who will stand up for working Americans and demand real solutions to these enormous problems.

Jane Ballard Dyer is the Democratic Candidate for the 3rd Congressional District of South Carolina.  For more information go to janedyerforcongress.com.  She can be reached at jane@janedyerforcongress.com




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