The Goldendale Sentinel - Headlines & History since 1879

By Eric Olsen
Goldendale 

No magic wand here

Letter to the Editor

 


To The Editor:

Anita Hoosen’s letter “Dad Was Right” in last week’s Goldendale Sentinel was a very naive interpretation of how the economy functions and the powers of the president.

She assumes that President Obama has a magic wand that he can use to lower gas and food prices. Things aren’t that simple. It’s a global economy, and corporations exist to make profits. Even if he wanted to try to regulate gas and food prices and subsidize those prices for the consumer, embark on a massive jobs training program, or raise corporate taxes, he would find no support for those policies in the House of Representatives; constitutionally, all money measures need to start in the House. Over...



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