Jay Evensen: Utahns vital to debt debate in Depression era and today

Return To Article
Add a comment
  • JoeBlow Miami Area, Fl
    July 23, 2011 7:52 a.m.

    "but the growing stack of regulations, fees, taxes, and interference are killing small & medium businesses"

    Ok informed voter. Here is your chance to show how "informed" you are.

    Can you please list 5 of these things that you believe are the biggest "killers of small & medium businesses" and tell WHY they cause these problems.

    All are welcome to chime in.

  • Redshirt1701 Deep Space 9, Ut
    July 22, 2011 8:45 a.m.

    To "FDRfan | 6:06 p.m." if war is such a great stimulus program, why is it that Democrats are not calling for more military spending? If it worked then, why is it that it doesn't work now?

    As for Medicare, do you know why doctors are not accepting new patients? You do realize that doctors would would go out of business if they accepted new patients, and that because of the low medicare reimbursement rates doctors charge those with insurance more.

  • christoph Brigham City, UT
    July 21, 2011 11:16 p.m.

    Where was worry over spending on Sept. 12 2001-----worst part of war is cost (human life and bankrupting country)??????

  • FDRfan Sugar City, ID
    July 21, 2011 8:46 p.m.

    My wife has postponed seeing a doctor because of no insurance. She finally is old enough to get medicare but so far all contacted doctors are not taking new medicare patients. But I should be more grateful. And when I was working some of my tax dollars may have helped pay for some of their medical education. And I am grateful for that too? Someday you will be old too.

  • Forrest Natchitoches, LA
    July 21, 2011 7:48 p.m.

    Still, there is much to be grateful for, Chuck and FDR fan.

  • Charityalways Centerville, UT
    July 21, 2011 7:20 p.m.

    I'm glad Jim up there remembered Sen. Smoot who most historians agree helped deepen the world depression. That's a debatable point, sure, but that is the general verdict of history. And he wasn't nearly as extreme as Chaffetz and Lee (and Sen. Hatch trying so hard to be like those boys these days). I wish more would stand up and be patriots and statesmen. Oh, wait! We have those six senators who I prefer to call the Six Statesmen rather than any kind of "gang." And one of them is Sen. Crapo (R. Idaho - and LDS to boot!) So there still are some American heroes!

    Oh, and by the way. Maybe the President is all the terrible things they say he is, but I also wonder if all this talk about balancing budgets like families do, etc. (which isn't reality if you count mortgages for houses, debts for cars, education, etc. - nobody "closes out" their debts every year. Hopefully, families can remain solvent as long as our economy and government are) could possibly be an excuse for cutting all the parts of government they don't like and keeping the parts that help them and their friends. Just wondering.

  • FDRfan Sugar City, ID
    July 21, 2011 6:06 p.m.

    What was WW2 if not a huge stimulus program? The US Government put people to work building tanks, airplanes, jeeps and all manner of weapons. Going off the gold standard and developing the Federal Reserve System smoothed out the business cycles. We passed and adopted progressive measures that enhanced our white way of life. Life was good and we left it to Beaver. Then Sputnik scared the sense out of the capitalists and we decided to stop the domino growth effect of communism by interfering with free elections in Vietnam. This war sowed the seeds for the massive inflation during the early 70s. The war against inflation led to stagflation. Then came the glorification of greed. The capitalists boasted about the defeat of communism giving all of the credit to the superiority of capitalism. We were #1 in all things that Communist China now reigns supreme. We live in a world of spin, fraud and dishonesty. Our election system has been hijacked by extremist on both sides. And the Book of Mormon has the answers to our problems but even Mormons believe it should be relegated only to Sunday school discussions.

  • Brother Chuck Schroeder A Tropical Paradise USA, FL
    July 21, 2011 2:45 p.m.

    Hatch's Debt Political Theater diverts attention while Americans' Wealth Is Stolen. The rancorous debate over the debt belies a fundamental truth of our economy that it is run for the few at the expense of the many, that our entire government has been turned into a machine which takes the wealth of a mass of Americans and accelerates it into the hands of the few. Wall Street cashes in whether we have a default or not. Fifty percent of our discretionary spending goes for the Pentagon. A massive transfer of wealth into the hands of a few while the American people lack sufficient jobs, health care, housing, retirement security. Our energy policies take the wealth from the American people and put it into the hands of the oil companies. We could be looking at $150 a barrel for oil in the near future. Our environmental policy takes the wealth of the people, clean air, clean water, and puts it in the hands of the polluters. It's a transfer of wealth, not only from the present but from future generations as our environment is ruined. Insurance companies, take the wealth from the American people, put-it into the-hands of-few.

  • Informed Voter South Jordan, UT
    July 21, 2011 1:22 p.m.

    Ultra Bob:

    You have it backwards. Stop government from interfering with private businesses. I admit there are gross abuses in some big corporations, but the growing stack of regulations, fees, taxes, and interference are killing small & medium businesses. It is small business people that drive jobs and the economy. In the name of doing good, the government is the problem!

  • Ultra Bob Cottonwood Heights, UT
    July 21, 2011 12:28 p.m.

    Eccles was right!

    Our government has the authorization, the power and the ability to protect the people of the United States of America from all enemies, both foreign and domestic. The unscrupulous and uncontrolled capitalistic program known as recession and depression is a domestic enemy of America as great as any other.

    In the case of a recession or depression the capitalists use their hoarded wealth to buy up the property and wealth of ordinary people at bargain basement prices due to the unemployment of workers. They will later sell that property back to the people at high prices in the boom time, then wait for the next depression to cycle.

    Government of the people can dampen the effects of the capitalist cycle by spending to create jobs during the depression and withholding during the boom. That is if our representatives allow. We can only have representatives for the people if we stop the business community from interfering with the government.

  • Brother Chuck Schroeder A Tropical Paradise USA, FL
    July 21, 2011 12:20 p.m.

    Utah has Hatch, and Utah ranks 4th in foreclosures. Hatch is for de-regualtions, and deep pockets. NOT YOU. There have now been 1,000,000 foreclosures filed so far in 2009 and the group expects the foreclosure number to double before the end of the year. The financial crisis has unveiled a whole new set of public villains crooked corrupt corporate capitalists who leveraged their connections in government for their own personal profit. During the Clinton and Bush administrations, many of these schemers were worshiped as geniuses, heroes or icons of American progress. But today we know these opportunists for what they are. Deregulatory hacks hellbent on making a profit at any cost. Without further ado, here are the 10 most corrupt capitalists in the U.S. economy. As you would expect all Ten of them are connected to the U.S. Treasury Department and the private credit monopoly of rich and predatory moneylenders (The Federal Reserve), that creates our money out of thin air and makes us pay interest on it. And to no ones surprise five of them have a direct connection to the company with a revolving door between Wall Street and Washington Goldman Sachs.

  • Brother Chuck Schroeder A Tropical Paradise USA, FL
    July 21, 2011 11:53 a.m.

    The compromise plan that the so-called "Gang of Six" in the Senate is proposing to solve the debt-ceiling crisis is a total joke that shows nothing but contempt for the American people. America's Ten Most Corrupt Capitalists?. Wall Street's captains of industry and top policymakers in Washington are often the same people. A lot of them get rich by playing for both teams. Here are the 10 most corrupt capitalists in the U.S. economy. 1. Robert Rubin, 2. Alan Greenspan, 3. Larry Summers, 4. Phil and Wendy Gramm, 5. Jamie Dimon, 6. Stephen Friedman, 7. Robert Steel like better-known corruptocrats Robert Rubin and Henry Paulson, 8. Henry Paulson his time at Goldman Sachs made Henry Paulson one of the richest men in the world, 9. Warren Buffett, 10. Goldman Sachs, no company exemplifies the revolving door between Wall Street and Washington more than Goldman Sachs. The four people on this list are some of the worst offenders, but Goldman's D.C. army has includes many other top officials in this administration and the last. White House: Joshua Bolton, chief of staff for George W. Bush, was a Goldman man.

    Oh, sorry, I lefy out Hatch.

  • Jim Janney Salt Lake City, UT
    July 21, 2011 11:46 a.m.

    On a Depression time line we aren't anywhere near 1939 yet. More like 1930,
    when another Utahn sponsored the Smoot-Hawley act.

  • Informed Voter South Jordan, UT
    July 21, 2011 11:01 a.m.

    So, let's see what success results from Sen. Hatch's seniority that is supposed to be so important to Utah. By success I mean bringing about huge cuts in spending and the defeat of McConnell's plan to allow Obama to spend as he wishes unless Congress votes 2/3rds to stop him.

  • one old man Ogden, UT
    July 21, 2011 10:44 a.m.

    Wow. I actually agree with Brother Chuck this morning. What's happening?

  • Brother Chuck Schroeder A Tropical Paradise USA, FL
    July 21, 2011 10:17 a.m.

    You want less taxation and lower deficits. How can you succeed unless you stop big corporations from escaping their fair share of taxes by manipulating foreign jurisdictions against our tax laws, for example, or by letting trillions of dollars of speculation on Wall Street go without any sales tax, while you pay six, seven or eight percent sales tax on the necessities you buy in stores?. If you want a return to our Constitution its principles of limited and separation of power and its emphasis on We the People in its preamble can you still support Washington's wars that have not been declared by Congress (Article I Section 8) or giving corporations equal rights with humans plus special privileges and immunities. The word corporation or company never appears in the Constitution. How can you support eminent domain powers given by governments to corporations over homeowners, or massive week-end bailouts by the Federal Reserve and Treasury Department of businesses, even reckless foreign banks, without receiving the authority and the appropriations from the Congress, as the Constitution requires?. Can you believe in the free market and not condemn hundreds of billions of dollars of corporate welfare-bailouts, subsidies, handouts Hatch?.

  • Veracity Morgan, UT
    July 21, 2011 10:16 a.m.

    Utah Sen. Orrin Hatch is no stranger to the idea of a balanced budget amendment, having sponsored six of them, and co-sponsored 17 more, through the years.

    Well, I guess this tells just how ineffective Sen. Hatch has been...hmmmm, I hope change is a-commin.