“Looking Forward to a New President,” should read “Looking forward to a new columnist.” It is becoming very distasteful for many readers who must endure the same, hateful partisan rhetoric from Val Torrens. According to her op-ed piece in your Saturday, Oct. 4, edition, George W. Bush is responsible not only for the economic crisis in America, but for every evil on the earth.
Torrens simply cannot blame him enough. Shall we set the record straight? (Val Torrens has already admitted in a previous op-ed piece that she doesn’t surf the net, but “relies” on friends to offer her information). Okay… 1977 President Jimmy Carter-D; Democratically controlled Senate and House, pass Community Reinvestment Act. This legislation forces banks to offer greater credit lines to undeserving customers.
This same legislation is re-visited by Janet Reno under the Clinton Administration (Democrat) 1995. Janet Reno and the Boston Federal Reserve threaten banks with U.S. Justice Department action if they did not lower standards for individual loans. “Attending a credit counseling class is proof enough that an individual can manage debt.”
Currently, Barney Frank (D-MA) Chairman of the House Financial Services Committee, has been defending the actions of Fannie Mae and Freddie Mac, all along claiming that there have been no problems of insolvency. Yet billionaire Rupert Murdoch has repeatedly pointed blame at Frank.
Barney Frank’s plan to offer loans to underprivileged families goes back to the nineties. Other “Clinton” devotees responsible for the sub-prime debacle yet made themselves millions of dollars at the public’s expense: Franklin Raines, who served in the Carter and the Clinton White Houses as Associate Director of Office Management and Budget. He drove up Fannie Mae’s stock by cooking the books and pocketed about $90 million. Jamie Gorelick, served as Deputy Attorney General in the Clinton White House. She made a cool 50 million dollars along with Raines from Fannie Mae during the nineties.
Oh, and in Torren’s eighth paragraph, she indicates Jay Inslee is ‘for’ the bailout. Oh yeah?
Then why does the record indicate his NO vote?? I can’t believe people like Val Torrens are allowed this bully pulpit to spread lies and mis-information to the unsuspecting masses.
What is truly disturbing, is that she is allowed to teach students at Olympic College, to which, my taxes probably pay for. Until your newspaper takes responsibility for undermining the truth, we may as well refer to your paper as Pravda or Tass. There is in Izvestiya in Pravda; There is no Pravda in Izvestiya.
Barry Clemons
Silverdale
