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Bailout success unappreciated

An article in the Oct. 4 Bloomberg Business week states that the bailout program could well be “the best and most useful federal program ever despised by the public.” The reason being the return on the investment.

It points to a specific example of the bailout of $250 billion for the banks that has an expected return of $16 billion. The article goes on to explain other disbursements and expected returns and points out the disconnect between political rhetoric and the facts on the ground. Salvaging the auto industry was also mentioned. Couple this with keeping the nation from a dire total financial meltdown adds up to some pretty good savvy from our president.

Regretfully this brilliant young statesman has been hammered from day one of his inauguration by a party of “no” who are set out to destroy him. They have “stonewalled” every bit of meaningful legislation presented. Twenty months of do-nothing can be ended by a vote no to the party of “no.”

Howard Davis

Spokane

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