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Stock market recovery was in spite of stimulus, not because of it

To The Daily Sun,

I am responding to Paul Bonneville's letter in the Aug. 26 edition.

As to Paul's first point, almost everyone, including a lot of Democrats, know the $787 billion was wasted taxpayer money. Of that total, only $55 billion had any direct effect on the economy as it went toward actual work, in this case the repair and maintenance of existing infrastructure and the creation of new infrastructure. It was a drop in the bucket. The rest? Payoffs to Obama supporters, crony capitalists, and grifters who took hundreds of billions of taxpayer dollars and wasted them, creating no new jobs, no new economic activity, but a boatload of new debt our children and grandchildren will have to pay off. The recovery of the stock market happened in spite of the stimulus, not because of it.

Of the two auto companies that went into bankruptcy, one of them — GM — was bailed out illegally by the president, who unconstitutionally interfered with the normal bankruptcy proceedings as a payoff to Big Labor. Chrysler survived because it was bought by Fiat. Ford was smart and didn't go bankrupt or require a government bailout. Kudos to them.

And as far as the stock market recovery, all it signifies at this point is the recovery in the value of assets and nothing more. That the Dow Jones is around 17,000 points is not an indicator of the health of the economy. It does not signify the jobless rate (the U6 unemployment rate, not the oft touted and totally bogus U3 rate), nor actual economic activity.

Next, his crowing about how Obamacare his provided insurance to "thousands and thousands" ignores the "millions and millions" who lost their health insurance because of Obamacare and now have to pay much higher premiums for new policies that provide less coverage, won't let them keep their doctor or use the local hospital. As an added insult, access to health insurance does not automatically equate to access to health care.

A lot of medical practices aren't taking new patients, with or without health insurance. Others that are may be an hour or two away. So it helped "thousands and thousands" at the cost of hurting "millions and millions." Yeah, that was a great tradeoff, and we still haven't seen all the effects as some mandates have been postponed — again unconstitutionally by Obama — and others due to go into effect at the first of the year will knock a lot of employers and their workers for a loop as new taxes, fees, and other requirements kick in.

Before praising the success of the stimulus and Obamacare, maybe Paul should have looked into all the effects rather than just the positive ones. I think he would have found the negative far outweighed the positive.

Dale Channing Eddy

Gilford

Last Updated on Thursday, 28 August 2014 10:33

Hits: 55

Smith has long record of fighting for constitutional government

To The Daily Sun,

Congress has a well-deserved 77 percent disapprove rating. Congress's members are irresponsible, wasteful, dishonest, and they don't solve America's problems. Illegal immigration is tolerated and even rewarded, politicians spend future generations into debt to buy votes today, welfare keeps people poor rather than leading them to be successful, public education declines after 40 years of federal government "help", etc.

So why do the American people keep sending the same people, or people like them, to Congress? Because special interest groups, which get billions of dollars and special privileges from our corrupt and dysfunctional Congress, spend hundreds of millions of dollars to reward supporters and to fight against the election of anyone who might threaten their generous incomes and privileges.

Most Americans recognize this corruption and want it to end. A few brave people put their lives on hold to challenge the Washington establishment, to end this corruption and return to government for the people.

Few challengers can win elections against the overwhelming power, experience, and money of the establishment and special interest backed candidates. In New Hampshire, the Republican and Democrat political establishments and special interests are working hard and spending lots of money to ensure that only their candidates are on the ballot for the people to choose from in the November election for U.S. Senate.

But New Hampshire is fortunate that an exceptional candidate, former Sen. Bob Smith, has stepped up to challenge the Republican and Democrat establishments' picks for U.S. Senate. Bob Smith has a long and clear record of fighting for the constitutional, limited government required to ensure people's freedoms, opportunities, and prosperity.

To start making the U.S. Senate work for the American people rather than the special interests, we must elect Bob Smith in the primary election on Sept. 9. Please join me in supporting and voting for a man with a distinguished record of working for the people, Bob Smith.

Don Ewing

Meredith

Last Updated on Thursday, 28 August 2014 10:26

Hits: 97

Gallagher & Brothers are good listeners and respectful to all

To The Daily Sun,

Brian Gallagher and Richard Brothers are my choice for State Representative for the Sanbornton/Tilton district.

Both men are accomplished individuals who understand the economic pressures of working and retired people. They are good listeners, articulate and respectful to all. We need representatives at the County and State level that will promote good governance and economic prosperity for all.

Please consider voting for Richard Brothers and Brian Gallagher on the Sept. 9 Republican primary ballot.

David DeVoy

Sanbornton

Candidate for Belknap County Commissioner District 1

 

Last Updated on Thursday, 28 August 2014 10:21

Hits: 68

Obama hasn’t done anything? Might ask Bin Laden about that

To The Daily Sun,

As usual, being one of the few to write and support our president, I will do so again.

Maureen Dowd, news pundit, wrote this morning that even though Obama can't do everything he should do something; she complains that he is outsourcing everything to others. Might be because his relationship has slipped and everyone wants to complain about him. Is it the message or the messenger that is most important?

The GOP has done nothing but complain for the last few years. They have even gone to the extent to sue him for not doing something they have tried to stop from being done. They have voted over 50 times to stop Obamacare now they are suing him for not starting it faster. They have wasted investigation and investigation over Benghazi, the VA, the IRS, voter fraud and found nothing. One or two investigations would have worked fine.

They have filibustered their own bills, closed the government down and just basically acted like a group of spoiled 12-year-olds in a sandbox. They use paranoia to get their way.

I'm tired of hearing, "fight them over there so we don't have to fight them here". It's easy to use AFTER 9-11 but it could have been used BEFORE, or so they say.

So, Obama hasn't done anything? Might want to ask Bin Laden or Ghaddafi about that.

I'll agree it didn't look to good him playing golf after the beheading. But look what happened just after that. Another hostage, Peter Curtis, was released unharmed after two years. So maybe it wasn't such a bad idea after all. old . What was a BAD idea was giving a 9-year-old an UZI to play with. When I was 9, I had a BB gun.

Jon Hoyt

Plymouth

Last Updated on Thursday, 28 August 2014 10:16

Hits: 42

Dumais understand local needs and what it takes to fulfill them

To The Daily Sun,

Russ Dumais has the experience and the qualifications to best represent Gilford and Meredith at the Statehouse in Concord.

A lifelong resident of New Hampshire, he served three terms as a selectman in the town of Gilford and has been a member of the Gilford Budget Committee. He will bring with him to Concord an understanding of town, as well as, county needs and what it takes to fulfill those needs. He is an environmentalist who served eight years as a member of the State Water Supply & Pollution Control Commission, as well as the chairman of the committee that wrote the first Petroleum Underground Regulations. He will work to preserve the environment and the unique beauty of the Lakes Region.

He was a member of the Laconia Airport Authority for more than 20 years and a former president of the Lakes Region Chamber of Commerce. If this were not enough to more than qualify him to serve, he is also a successful local businessman. He has met a payroll, he knows how to balance a budget and that we all have to live within our means personally, and in Concord.

Russ Dumais has been a dedicated public servant for years who will make a big difference in Concord.

Join me in supporting Russ Dumais on Sept. 9.

John A. Kane

Gilford

 

Last Updated on Thursday, 28 August 2014 10:10

Hits: 107

 
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